Citigroup Inc. $C Shares Sold by Apollon Wealth Management LLC
📉 Apollon Wealth reduced Citigroup stake by 6.5% to 60,220 shares.
📈 Nordea increased holdings by 11.8% to 7.99 million shares.
💰 Q4 EPS beat estimates at $3.06 with revenue of $24.63 billion.
🔄 Management launched $30 billion share repurchase plan authorized for stock buybacks.
📈 Analysts upgraded Citigroup to 'buy' with average price target of $139.62.
📉 Apollon Wealth Management LLC reduced its Citigroup stake by 6.5% in Q1, holding 60,220 shares valued at $6.83 million.
📈 Nordea Investment Management AB increased its position by 11.8%, now owning 7.99 million shares worth $933.89 million.
📈 UniSuper Management Pty Ltd boosted holdings by 38.8% to own 1.31 million shares valued at $152.5 million.
💰 Citigroup reported Q4 EPS of $3.06, beating the consensus estimate of $2.63 by $0.43.
📈 Revenue reached $24.63 billion, surpassing analyst estimates of $22.96 billion and growing 14.1% year-over-year.
💵 The company achieved a net margin of 9.35% and a return on equity of 9.19% for the quarter.
🔄 Management initiated a $30 billion share repurchase plan authorized to buy back up to 13.7% of outstanding stock.
💸 A quarterly dividend of $0.60 per share was paid, yielding 1.7% annually with a payout ratio of 29.74%.
📈 Wall Street Zen upgraded Citigroup from 'hold' to 'buy' in a research report released on May 9th.
🎯 Morgan Stanley raised its price target to $164.00 and Barclays increased theirs to $154.00.
🏦 The stock trades at a P/E ratio of 17.67 with a market cap of $243.23 billion.
📊 Analyst consensus targets the stock at $139.62 with an average rating of 'Moderate Buy'.
- EPS of $3.06 topped consensus estimate of $2.63.
- Revenue of $24.63 billion exceeded expectations of $22.96 billion.
- Net margin reached 9.35% with ROE of 9.19%.
- Management initiated a $30 billion share repurchase program.
- Nordea increased stake by 11.8%, adding 844,000 shares.
- Citigroup reported earnings per share of $3.06, significantly topping the analyst consensus estimate of $2.63.
- Revenue of $24.63 billion exceeded expectations of $22.96 billion, demonstrating strong top-line growth.
- The company achieved a net margin of 9.35% and a return on equity of 9.19%, indicating efficient operations.
- Management initiated a substantial $30 billion share repurchase program, signaling confidence in the stock's undervaluation.
- Nordea Investment Management AB significantly increased its stake by 11.8%, adding over 844,000 shares.
- UniSuper Management Pty Ltd raised its position by 38.8%, acquiring an additional 365,041 shares.
- Multiple major banks upgraded their ratings or price targets, including Morgan Stanley raising its target to $164.00.
- Wall Street Zen upgraded the stock from 'hold' to 'buy', reflecting improved analyst sentiment.