Janney Montgomery Scott LLC Acquires 211,432 Shares of Citigroup Inc. $C

Janney Montgomery Scott LLC raised its stake in shares of Citigroup Inc. (NYSE:C) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,586 shares of the company’s stock after buying an additional 211,432 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Citigroup were worth $79,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Citigroup during the fourth quarter worth $2,800,944,000. Vanguard Group Inc. grew its stake in Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Capital World Investors increased its holdings in Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Citigroup in the 4th quarter valued at $298,082,000. Finally, SG Americas Securities LLC lifted its stake in Citigroup by 291.4% in the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after purchasing an additional 2,008,946 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $141.68 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $241.65 billion, a PE ratio of 17.56, a P/E/G ratio of 0.61 and a beta of 1.12. The company has a 50 day moving average price of $131.55 and a 200-day moving average price of $120.83. Citigroup Inc. has a fifty-two week low of $83.81 and a fifty-two week high of $147.96.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.Citigroup’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. As a group, equities analysts forecast that Citigroup Inc. will post 10.8 earnings per share for the current year.

Citigroup declared that its board has initiated a share buyback plan on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. Citigroup’s dividend payout ratio is presently 29.74%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s successful 2026 Fed stress test supports a stronger capital position, giving the bank more flexibility for higher dividends and a planned $30 billion share buyback. How Citigroup’s Stress Test Success Strengthens Shareholder Returns
• Positive Sentiment: Analysts expect Citigroup to post double-digit profit growth in the upcoming second-quarter earnings report, which could reinforce the stock’s recent rally if results and guidance come in strong. Citigroup Earnings Preview: What to Expect
• Neutral Sentiment: Market commentary this week also highlighted Citigroup’s broader macro research, including a warning that El Niño could create a new global economic risk through disruption to agriculture, infrastructure, and productivity. Neutral Sentiment:
• Neutral Sentiment: Citigroup was also cited in a stock-picking note on Micron, where the bank said strong memory demand could benefit SanDisk; this is more about Citigroup’s analyst commentary than a direct driver for C shares. Micron is soaring after blowout earnings report. That’s good news for this other memory chipmaker, Citigroup says

Insider Buying and Selling at Citigroup

In related news, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director owned 12,194 shares in the company, valued at approximately $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

C has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on Citigroup from $131.00 to $135.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $145.00 price target on shares of Citigroup in a research note on Friday, May 8th. Jefferies Financial Group started coverage on Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 price target for the company. Finally, Keefe, Bruyette & Woods raised their price target on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.44.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.