Bank of America just raised its EUR/USD forecast
Selvakesari Anand, Chief Operating Officer of Citigroup Inc. (NYSE:C), recently executed a significant transaction involving the company’s common stock. According to a recent SEC filing, Anand sold a total of 30,000 shares of Citigroup stock on February 13, amounting to approximately $2.43 million. The shares were sold at prices ranging from $81.0947 to $81.14 per share. The stock has shown remarkable strength, currently trading near its 52-week high of $84.67, with a impressive 59.58% return over the past year. According to InvestingPro analysis, Citigroup appears undervalued based on its Fair Value metrics.
In addition to the sales, Anand also received an award of 38,518.27 shares of deferred stock under Citigroup’s 2019 Stock Incentive Plan. This award, which vests in four equal annual installments beginning January 20, 2026, is not eligible for immediate sale. Following these transactions, Anand’s direct ownership in Citigroup stands at 229,179.69 shares. With a market capitalization of $158.8 billion and a P/E ratio of 14.02, Citigroup maintains a solid dividend yield of 2.65%. InvestingPro subscribers can access 12 additional key insights about Citigroup’s financial health and market position.
These transactions reflect Anand’s active management of his holdings in Citigroup, aligning with broader trends in executive stock activity. For deeper insights into Citigroup’s valuation and performance metrics, including comprehensive analysis and Fair Value calculations, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Citigroup Inc. disclosed the 2024 compensation details for its CEO, Jane Fraser, in a recent filing with the Securities and Exchange Commission. The compensation package, which totals $34.5 million, acknowledges Fraser’s leadership and the company’s improved financial performance. This included a 3% increase in full-year revenues to $81.1 billion and a 37% rise in net income to $12.7 billion.
In addition, Citigroup has appointed Nicole Giles as its new Chief Accounting Officer. Giles, with vast experience from her tenure at J.P. Morgan Chase & Co., will also serve as Controller at Citigroup.
Furthermore, Citigroup announced the creation of a new series of preferred stock, the 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF. This expansion of its capital structure was detailed in a recent SEC filing. Citigroup also issued 6.020% Fixed Rate / Floating Rate Callable Subordinated Notes due January 24, 2036, as part of its ongoing capital management strategy.
In regulatory news, the Federal Reserve has informed major Wall Street banks, including Citigroup, that they will not be required to participate in climate stress tests. These recent developments highlight the evolving landscape of the banking industry and Citigroup’s strategic adjustments in response.
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