Daytona Street Capital LLC Acquires New Holdings in Citigroup Inc. $C

Daytona Street Capital LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,118 shares of the company’s stock, valued at approximately $1,764,000. Citigroup accounts for approximately 1.2% of Daytona Street Capital LLC’s holdings, making the stock its 25th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its holdings in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares during the period. Dunhill Financial LLC increased its holdings in Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after buying an additional 153 shares during the period. Guerra Advisors Inc purchased a new position in Citigroup during the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Citigroup by 50.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 356 shares of the company’s stock valued at $42,000 after buying an additional 119 shares during the period. Finally, GoalVest Advisory LLC increased its holdings in Citigroup by 57.2% during the fourth quarter. GoalVest Advisory LLC now owns 393 shares of the company’s stock valued at $46,000 after buying an additional 143 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. HSBC restated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. UBS Group restated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Truist Financial raised their target price on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Wolfe Research restated an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.59.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and reiterated a “buy” rating — a direct analyst catalyst that boosts investor demand by implying ~17% upside from recent levels. Benzinga
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 per share (record May 4, payable May 22) — increases cash return visibility and supports income-focused ownership. (Company announcement)
• Positive Sentiment: Citigroup itself pushed back its Fed rate‑cut forecast, now expecting cuts to start in September — a later cut schedule implies higher interest rates for longer, which generally supports banks’ net interest margins and near‑term profitability. TipRanks
• Neutral Sentiment: Industry outlook: analysts expect major U.S. banks (including Citigroup) to deliver broadly in‑line to slightly better Q1 results — supportive overall but keeps focus on Citigroup’s specific revenue mix and trading/loan trends. ProactiveInvestors
• Negative Sentiment: Wider macro and geopolitical risks (inflation concerns and Middle East tensions) are being flagged by Fed officials and markets — these raise volatility and could weigh on fee businesses, trading revenue and investor sentiment even if higher rates help margins. Blockonomi

Insider Transactions at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction on Friday, February 13th. The shares were 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 in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Citigroup Trading Up 1.7%

NYSE:C opened at $117.25 on Tuesday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. The firm has a fifty day simple moving average of $112.79 and a 200-day simple moving average of $108.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $205.11 billion, a P/E ratio of 16.82, a PEG ratio of 0.74 and a beta of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. Citigroup’s payout ratio is currently 34.43%.

About Citigroup

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.