Bingham Private Wealth LLC Invests $847,000 in Citigroup Inc. $C

Bingham Private Wealth LLC acquired a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,260 shares of the company’s stock, valued at approximately $847,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC lifted its stake in shares of Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Maseco LLP acquired a new stake in shares of Citigroup in the fourth quarter worth $35,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Citigroup in the fourth quarter worth $35,000. Dunhill Financial LLC lifted its stake in shares of Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Finally, Guerra Advisors Inc acquired a new stake in shares of Citigroup in the third quarter worth $33,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on C shares. The Goldman Sachs Group upped their target price on shares of Citigroup from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Morgan Stanley set a $152.00 target price on shares of Citigroup in a research note on Tuesday, February 17th. Truist Financial upped 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. JPMorgan Chase & Co. cut their target price on shares of Citigroup from $134.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

Citigroup Price Performance

NYSE:C opened at $129.68 on Wednesday. The stock has a market cap of $222.39 billion, a P/E ratio of 18.61, a PEG ratio of 0.65 and a beta of 1.11. Citigroup Inc. has a one year low of $61.30 and a one year high of $130.99. The company has a fifty day moving average price of $113.82 and a 200 day moving average price of $109.68. 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 (NYSE:C) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. The firm had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s payout ratio is 34.43%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 earnings beat — Citi reported EPS $3.06 and revenue $24.63B, driven by higher trading revenue, investment‑banking fees and stronger NII; results and commentary are the primary driver behind the rally. Citigroup Q1 Earnings Top Estimates
• Positive Sentiment: Profit jump / market commentary — Reuters and other outlets highlighted a ~42% jump in Q1 profit as market volatility lifted trading revenue and dealmaking boosted fees, reinforcing investor optimism. Citi profit jumps 42% (Reuters)
• Positive Sentiment: Emerging‑market financing partnership — IFC and Citigroup signed a 1.6 billion rand (~$98M) local‑currency borrowing facility to expand rand financing in South Africa, supporting Citi’s global emerging‑markets franchise. IFC, Citigroup sign rand facility
• Positive Sentiment: Positive market commentary / analyst attention — High‑profile bullish mentions (e.g., Jim Cramer) and Citi strategists’ market calls have reinforced investor sentiment around Citi and the bank group this week. Jim Cramer: People like Citi
• Neutral Sentiment: Regulatory/filing update — Citi issued participation notifications and routine disclosures; these are housekeeping items that don’t materially alter fundamentals but are worth monitoring. Participation notifications (GlobeNewswire)
• Neutral Sentiment: Portfolio moves — Citigroup entities notified an exit from a substantial‑holder position in Weebit Nano (small, isolated portfolio action that is unlikely to affect Citi’s core business). Citigroup exits Weebit position
• Negative Sentiment: Industry NIM pressure & analyst cuts — Several reports note banks face pressure on net interest margins from high funding costs and slowing deposit growth; analysts have trimmed bank earnings/targets, a possible headwind for forward estimates. Bank stocks under pressure on NIM concerns
• Negative Sentiment: Rising wholesale inflation — March PPI hit multi‑year highs, which can push costs and margin volatility across the economy; higher inflation and rates could create headwinds for credit costs, funding and expense growth. March Headline PPI highest in 3 years

Insider Transactions at Citigroup

In other Citigroup 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 value of $4,796,088.57. Following the sale, the insider owned 45,835 shares of the company’s stock, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

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.