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Sara Wechter, Chief Human Resources Officer at Citigroup Inc. (NYSE:C), recently executed several transactions involving the company’s common stock. On February 13, Wechter sold a total of 15,125 shares, generating approximately $1.23 million, with the sale prices ranging between $81.01 and $81.02 per share. The sale comes as Citigroup’s stock trades near its 52-week high of $84.67, having delivered an impressive 59.6% return over the past year.
Additionally, Wechter acquired 29,478.65 shares at no cost as part of an award of deferred stock under Citigroup’s 2019 Stock Incentive Plan. The award will vest in four equal annual installments starting January 20, 2026, and is not immediately eligible for sale. According to InvestingPro analysis, Citigroup appears slightly undervalued at current levels, with 12 additional exclusive insights available to subscribers.
Wechter also made charitable gifts of 1,875 shares, further adjusting her holdings. Following these transactions, Wechter holds a total of 107,905.36 shares directly and an additional 10.625 shares through a 401(k) plan. With a market capitalization of $158.8 billion and a year-to-date return of 21%, Citigroup remains a prominent player in the banking sector.
In other recent news, Citigroup Inc. has been active with several significant developments. The company disclosed in an 8-K filing that the 2024 compensation for its CEO, Jane Fraser, was set at $34.5 million, reflecting her leadership in achieving key financial milestones, including a 3% increase in full-year revenues to $81.1 billion. Citigroup also appointed Nicole Giles as its new Chief Accounting Officer, a role she will assume along with the position of Controller.
Further, Citigroup launched a new series of preferred stock, the 6.950% Fixed Rate Reset Noncumulative Preferred Stock, Series FF, expanding its capital structure. On another note, the Federal Reserve has indicated that major US banks, including Citigroup, will no longer be required to participate in climate stress tests.
Finally, Citigroup issued 6.020% Fixed Rate / Floating Rate Callable Subordinated Notes due January 24, 2036, a move seen as part of the company’s ongoing capital management strategy. These recent developments highlight the dynamic environment in which Citigroup continues to operate.
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