Citigroup Inc.

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

Citigroup Inc. $C Stock Position Raised by Cornerstone Wealth Group LLC

📈 Cornerstone Wealth Group LLC raised its stake in Citigroup by 11.5% to 61,831 shares valued at $7.01 million.

🏦 Vanguard Group increased its position by 3.1%, now holding 163.24 million shares worth $19.05 billion.

📊 Goldman Sachs raised its price target to $151 and maintained a 'buy' rating on Citigroup stock.

💰 Citigroup authorized a new $30 billion share repurchase program, allowing the purchase of up to 13.7% of outstanding shares.

💵 The company paid a quarterly dividend of $0.60 per share with an annualized yield of 1.7%.

📉 Insider Edward Skyler sold 25,000 shares for $3.29 million, reducing his ownership by 12.08%.

📈 Citigroup's stock trades above its 50-day moving average of $131.55 and 200-day average of $120.83.

🏛️ Institutional ownership stands at 71.72%, with several major funds increasing their holdings in the first quarter.

Bullish Signals
  • Cornerstone Wealth Group LLC increased its stake by 11.5% to 61,831 shares, indicating strong institutional confidence.
  • Vanguard Group boosted its position by 3.1%, now holding over $19 billion in Citigroup stock.
  • Goldman Sachs raised its price target from $137 to $151 and reaffirmed a 'buy' rating.
  • Wells Fargo increased its price target to $165 and upgraded the rating to 'overweight'.
  • Keefe, Bruyette & Woods raised its target price to $153 with an 'outperform' rating.
  • The company authorized a $30 billion stock repurchase program, suggesting management views shares as undervalued.
  • Citigroup paid a quarterly dividend of $0.60 per share, providing a 1.7% yield to shareholders.
Risk Factors
  • Insider Edward Skyler sold 25,000 shares for $3.29 million, reducing his personal stake by over 12%.
  • Director John Cunningham Dugan sold 2,117 shares for $265,260, decreasing his position by nearly 15%.
Full Analysis
Cornerstone Wealth Group LLC increased its stake in Citigroup Inc. by 11.5% during the first quarter, holding 61,831 shares valued at $7.01 million after acquiring an additional 6,398 shares. Several other major institutional investors also adjusted their positions, with Vanguard Group boosting holdings by 3.1% to own over 163 million shares worth approximately $19 billion, while Capital World Investors and Geode Capital Management similarly increased their stakes. Analyst sentiment remains positive for Citigroup, with Wells Fargo raising its price target to $165 and Goldman Sachs increasing theirs to $151. The company recently authorized a $30 billion stock repurchase program, signaling management's belief that shares are undervalued, and paid a quarterly dividend of $0.60 per share representing a 1.7% yield. Despite the bullish institutional activity and analyst upgrades, some insiders have reduced their positions. Director John Cunningham Dugan sold over 2,000 shares, while insider Edward Skyler offloaded 25,000 shares. Citigroup currently trades above its 50-day and 200-day moving averages with a market capitalization of $241.65 billion.