Citigroup Inc.

🇺🇸New York Stock Exchange
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Citigroup Inc. stock analysis C overview
Bullish +65

Citigroup Inc. $C Shares Bought by Apella Capital LLC

📈 Apella Capital LLC boosted its Citigroup holdings by 195% in Q1, adding 8,672 shares to reach a total of 13,120 shares valued at $1.488 million.

🏦 Multiple institutional investors including Truist Financial Corp and Nordea Investment Management AB increased their stakes in Citigroup during the fourth quarter.

💰 Citigroup reported Q1 EPS of $3.06, beating consensus estimates of $2.63 by $0.43 with revenue reaching $24.63 billion.

📊 The company achieved a net margin of 9.35% and a return on equity of 9.19% during the reported quarter.

💵 Citigroup paid a quarterly dividend of $0.60 per share, resulting in an annualized yield of 1.7% for shareholders.

🔄 The Board approved a new $30 billion share repurchase plan, allowing the purchase of up to 13.7% of outstanding shares.

📉 Insider selling occurred as Edward Skyler sold 25,000 shares and Director John Cunningham Dugan sold 2,117 shares recently.

📈 Citigroup's stock trades at a PE ratio of 17.56 with a market capitalization of $241.65 billion.

📉 The stock has a fifty-day moving average of $131.55 and a 200-day moving average of $120.83.

Bullish Signals
  • Apella Capital LLC increased its position by 195% in Q1, indicating strong institutional confidence in the stock.
  • Citigroup beat earnings estimates with EPS of $3.06 versus a consensus of $2.63, demonstrating operational strength.
  • Revenue grew 14.1% year-over-year to $24.63 billion, showing robust business growth.
  • The Board approved a $30 billion share buyback program, signaling management believes the stock is undervalued.
  • The company maintains a healthy dividend yield of 1.7% with a payout ratio of 29.74%.
Risk Factors
  • Insider selling activity was observed with Edward Skyler reducing his position by 12.08% and Director John Cunningham Dugan reducing his by 14.79%.
  • The quick ratio and current ratio are both at 0.99, indicating liquidity levels slightly below the traditional 1.0 benchmark.
Full Analysis
Apella Capital LLC significantly increased its stake in Citigroup Inc. (NYSE:C) by 195% in the first quarter, purchasing an additional 8,672 shares to hold a total of 13,120 shares valued at $1.488 million. This move joins other institutional investors like Truist Financial Corp, Gunderson Capital Management Inc., Brighton Jones LLC, UniSuper Management Pty Ltd, and Nordea Investment Management AB who also raised their positions in the fourth quarter, with hedge funds collectively owning 71.72% of the company's stock. Citigroup reported strong financial performance for the quarter ended April 14, posting $3.06 EPS which beat analyst estimates of $2.63 by $0.43. The bank generated revenue of $24.63 billion, a 14.1% year-over-year increase, resulting in a net margin of 9.35% and a return on equity of 9.19%. The company also declared a quarterly dividend of $0.60 per share, paid to shareholders of record on May 4th, representing an annualized yield of 1.7%. The Board of Directors approved a new share repurchase plan authorizing the purchase of up to $30 billion in shares, which could constitute approximately 13.7% of its outstanding stock. This buyback authorization signals management's confidence in the stock's valuation. However, insider selling activity was noted with Edward Skyler selling 25,000 shares and Director John Cunningham Dugan selling 2,117 shares during the recent period.