Tue Jul 15 12:00:00 UTC 2025: **News Article:**

**DMC Group Trims Citigroup Holdings as Analyst Sentiment Remains Mostly Positive**

**NEW YORK** – DMC Group LLC significantly reduced its stake in Citigroup Inc. (NYSE:C) during the first quarter of 2024, according to a recent SEC filing. The fund sold 7,743 shares, reducing its holdings by 51.3% to 7,350 shares valued at $522,000.

The move comes amidst mixed activity from institutional investors, with several firms initiating new positions in Citigroup during the fourth quarter of 2023 and first quarter of 2024. These include Orion Capital Management LLC, MorganRosel Wealth Management LLC, American National Bank & Trust, Mascagni Wealth Management Inc., and Runnymede Capital Advisors Inc. Approximately 71.72% of Citigroup’s stock is currently held by institutional investors and hedge funds.

Adding to the activity, Director John Cunningham Dugan sold 4,417 shares on April 30th at an average price of $68.26, netting $301,504.42. This sale reduced Dugan’s ownership by 25.29%, leaving him with 13,048 shares valued at around $890,656.48.

On Friday, Citigroup shares traded down $0.35, closing at $86.73 with a trading volume of 10,251,072. The stock’s 50-day moving average stands at $78.40, and its 200-day moving average is $74.80. Citigroup has a market capitalization of $161.99 billion, with a 52-week range between $53.51 and $88.83.

Citigroup’s recent earnings report revealed an EPS of $1.96, surpassing analysts’ estimates of $1.84. The company reported revenue of $21.60 billion for the quarter, also exceeding expectations.

Analyst sentiment on Citigroup is generally positive. Morgan Stanley recently increased its price target to $103.00 with an overweight rating, while Goldman Sachs Group raised its target to $96.00, maintaining a buy rating. However, JPMorgan Chase & Co. reduced their price target to $75.50 with a neutral rating. Currently, the consensus rating among analysts is “Moderate Buy,” with an average target price of $87.89.

**Summary of the original article:**

DMC Group LLC reduced its Citigroup holdings by 51.3% in Q1 2024, while other institutional investors initiated new positions. Director John Cunningham Dugan sold shares in late April. Citigroup’s stock traded down slightly on Friday, with positive earnings data. Analysts generally have a “Moderate Buy” rating on the stock.

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