Russell Investments Group Ltd. Trims Stake in Citigroup Inc. $C

Russell Investments Group Ltd. cut its stake in Citigroup Inc. (NYSE:C) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,975,115 shares of the company’s stock after selling 224,212 shares during the quarter. Citigroup makes up approximately 0.5% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 23rd largest position. Russell Investments Group Ltd. owned approximately 0.22% of Citigroup worth $404,034,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of C. FMB Wealth Management increased its holdings in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock valued at $266,000 after purchasing an additional 103 shares in the last quarter. Tritonpoint Wealth LLC boosted its holdings in Citigroup by 2.1% during the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock worth $506,000 after buying an additional 104 shares in the last quarter. Highline Wealth Partners LLC grew its position in Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after buying an additional 109 shares during the period. Arjuna Capital grew its position in Citigroup by 0.7% during the third quarter. Arjuna Capital now owns 16,587 shares of the company’s stock valued at $1,684,000 after buying an additional 112 shares during the period. Finally, Binnacle Investments Inc increased its holdings in Citigroup by 6.5% in the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock valued at $157,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi participated in a strategic investment in Adaptive (alongside HSBC), signaling continued corporate focus on capital-markets technology and partnerships that could support fee and tech-led growth. Adaptive announces strategic investment from HSBC and Citi
• Positive Sentiment: Investor write-ups highlight Citigroup as an attractive dividend option, reinforcing income-focused demand for the stock among yield-seeking investors. Citigroup (C) Could Be a Great Choice
• Positive Sentiment: Market commentators and some strategists are flagging banks as buyable after recent sell-offs, which supports sector-level interest in large U.S. banks like Citi if volatility stabilizes. War selloffs are buying opportunities, history shows; Jyotivardhan Jaipuria backs banks, trims IT
• Neutral Sentiment: Citi’s institutional units have filed notices exiting substantial-holder status in a few smaller Australian names — routine portfolio/flow activity that can affect localized volumes but is unlikely to move Citi’s share price materially. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Citigroup’s own market commentary has warned that stock-market volatility is set to continue amid the Middle East shock — a caution that can exacerbate risk-off flows out of banks and financials. Stock market volatility set to continue, warns Citi
• Negative Sentiment: Negative press and legal risk surfaced after a Citi banker filed a sexual-harassment suit criticizing the firm’s internal investigation unit; such reputational and legal headlines can pressure sentiment and prompt investor caution. Citi banker suing for sexual harassment slams firm’s investigation unit

Citigroup Stock Down 2.2%

C stock opened at $106.58 on Monday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a 50-day simple moving average of $115.67 and a 200-day simple moving average of $106.79. The stock has a market capitalization of $186.44 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.68 and a beta of 1.17.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company posted $1.34 EPS. Citigroup’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 34.43%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler set a $135.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Wolfe Research restated an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Morgan Stanley set a $152.00 price target on Citigroup in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.25.

Insider Buying and Selling at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares of the company’s stock, valued at $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.