Gradient Investments LLC Acquires 132,035 Shares of Citigroup Inc. $C

Gradient Investments LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 564.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,423 shares of the company’s stock after buying an additional 132,035 shares during the quarter. Gradient Investments LLC’s holdings in Citigroup were worth $18,136,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of C. Brighton Jones LLC raised its stake in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares in the last quarter. United Bank acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $972,000. Magnetar Financial LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at approximately $1,030,000. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Citigroup by 5.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 4,203 shares of the company’s stock valued at $358,000 after purchasing an additional 213 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Trading Down 0.4%

C opened at $109.46 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The company’s 50 day moving average price is $113.33 and its two-hundred day moving average price is $107.66. The firm has a market capitalization of $191.47 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.70 and a beta of 1.17.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Wall Street Analyst Weigh In

Several brokerages recently commented on C. Barclays increased their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. HSBC reaffirmed a “buy” rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Truist Financial increased their price target on Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley set a $152.00 price objective on Citigroup in a report on Tuesday, February 17th. Finally, Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.25.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Senate/industry chatter suggests a tentative deal between banking and crypto groups could be announced, potentially clearing the path for the long-stalled CLARITY Act. Regulatory clarity on crypto could unlock custody, trading and advisory opportunities for large banks that are building crypto businesses, a potential upside for Citigroup’s institutional franchises. CNBC Teases Deal Between Banks And Crypto For Long-Awaited Market Structure Bill
• Positive Sentiment: The Federal Reserve has proposed easing certain capital rules for major banks under the Basel III Endgame framework. Reduced capital burdens or more flexible requirements could improve return-on-equity and dividend/buyback capacity for large banks including Citigroup. Fed proposes easing capital rules for major banks
• Positive Sentiment: Analyst commentary: Barron’s included Citigroup among several banks that could thrive in a choppy market, highlighting relative value in the sector — a supportive narrative for longer-term investor interest in C. Citigroup and 5 More Bank Stocks Set to Thrive in a Choppy Market
• Neutral Sentiment: Citi’s research desk is active — the bank recently initiated coverage on an electric-vehicle manufacturer with a rare buy rating. This showcases Citi’s advisory/research strengths that can support investment-banking fees, but is not an immediate earnings driver for the bank itself. Citigroup initiates coverage on this electric vehicle manufacturer with a rare buy rating
• Neutral Sentiment: Citigroup analysts trimmed price targets on several crypto-related stocks while keeping a surprise pick; reflects a cautious institutional view on crypto asset prices (affects research credibility and client flows but not direct bank P&L immediately). Citigroup quietly trims most crypto stocks, except one surprise pick
• Negative Sentiment: The Fed’s decision to hold rates while signaling higher-for-longer inflation has pressured bank stocks broadly (near-term hit to trading and credit dynamics). That macro backdrop can weigh on Citigroup’s quarterly revenue mix and investor sentiment. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Leadership news: a report says Citi executive Mason plans to leave by year-end while pursuing a CEO role elsewhere — any senior departures can create short-term uncertainty on strategy and succession until clarity emerges. Citi’s Mason plans to leave by year’s end, gunning for a CEO role – report

Citigroup Company 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.