Viking Fund Management LLC Sells 32,000 Shares of Citigroup Inc. $C

Viking Fund Management LLC reduced its position in shares of Citigroup Inc. (NYSE:C) by 24.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 98,000 shares of the company’s stock after selling 32,000 shares during the quarter. Citigroup makes up about 1.3% of Viking Fund Management LLC’s portfolio, making the stock its 22nd largest position. Viking Fund Management LLC’s holdings in Citigroup were worth $11,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC lifted its holdings in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares during the period. Dunhill Financial LLC grew its holdings in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after acquiring an additional 153 shares during the period. Guerra Advisors Inc bought a new stake in shares of Citigroup during the 3rd quarter valued at $33,000. GoalVest Advisory LLC raised its position in shares of Citigroup by 57.2% during the 4th quarter. GoalVest Advisory LLC now owns 393 shares of the company’s stock valued at $46,000 after acquiring an additional 143 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $40,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi names two new co-heads of its Infrastructure Financing & Capital Solutions group — an execution-focused leadership change that could deepen deal flow and revenue in a key corporate lending area. Citi appoints two new co-chiefs for infrastructure financing division
• Positive Sentiment: Senior Citi executive Shobhit Varshney discussed scaling AI responsibly — signals that Citi is investing in technology and product development that could improve profitability and efficiency over time. Shobhit Varshney Of Citi On Scaling AI With Purpose And Discipline
• Neutral Sentiment: Citigroup entities notified two small Australian companies (Predictive Discovery and Weebit Nano) that they ceased to be substantial holders — routine portfolio moves by Citi’s Australia trading/wealth units; likely immaterial to Citi’s core earnings but could be interpreted as minor balance-sheet/flow activity. Citigroup Group Ceases to Be Substantial Holder in Predictive Discovery Citigroup entities exit substantial holder status in Weebit Nano
• Negative Sentiment: Consumer card delinquencies held steady in February but net charge-offs ticked up — an early sign of pressure in consumer credit that investors should track ahead of the next earnings/capital update. Worsening charge-offs could weigh on loan-loss provisions and margins. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise in February

Citigroup Stock Performance

Shares of Citigroup stock opened at $113.68 on Wednesday. The stock’s fifty day simple moving average is $113.17 and its 200 day simple moving average is $107.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $198.86 billion, a PE ratio of 16.31, a PEG ratio of 0.71 and a beta of 1.17. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were given a $0.60 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. Citigroup’s payout ratio is currently 34.43%.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on C shares. HSBC restated a “buy” rating and issued a $87.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. Barclays increased their target price on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Oppenheimer raised their target price on Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. upped their price target on Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, UBS Group reiterated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.25.

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.