Citigroup Inc.

🇺🇸New York Stock Exchange
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Citigroup Inc. stock analysis C overview
Bullish +72

Citigroup Inc. $C Shares Sold by Apollon Wealth Management LLC

📉 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'.

Bullish Signals
  • 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.
Full Analysis
Citigroup Inc. (NYSE:C) saw mixed institutional activity in the first quarter, led by Apollon Wealth Management LLC reducing its stake by 6.5% to 60,220 shares valued at $6.83 million. Conversely, several other major funds increased their positions significantly, including Nordea Investment Management AB adding 844,056 shares for a total holding of 7.99 million shares worth $933.89 million, and UniSuper Management Pty Ltd boosting its stake by 38.8% to own over 1.3 million shares. The company reported strong financial performance in the quarter ended April 14th, posting earnings per share of $3.06 against a consensus estimate of $2.63 and revenue of $24.63 billion versus estimates of $22.96 billion. Revenue grew 14.1% year-over-year, resulting in a net margin of 9.35% and a return on equity of 9.19%. Analysts currently project full-year EPS of 10.8 for the current fiscal year. Management signaled confidence in the stock's valuation through strategic capital allocation moves. On May 7th, Citigroup initiated a $30 billion share repurchase plan, authorized to buy back up to 13.7% of its outstanding shares. Additionally, the company paid a quarterly dividend of $0.60 per share on May 22nd, representing an annualized yield of 1.7% and a payout ratio of 29.74%. Wall Street sentiment remains positive with multiple rating upgrades and price target increases. Wall Street Zen upgraded the stock to a 'buy' rating, while Morgan Stanley raised its price target to $164.00 and Barclays increased theirs to $154.00. The consensus analyst price target stands at $139.62 with an average rating of 'Moderate Buy', supported by a market capitalization of $243.23 billion.