Wedge Capital Management L L P NC Sells 53,094 Shares of Citigroup Inc. $C

Wedge Capital Management L L P NC decreased its stake in shares of Citigroup Inc. (NYSE:C) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 315,704 shares of the company’s stock after selling 53,094 shares during the period. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $36,840,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Elmwood Wealth Management Inc. lifted its holdings in shares of Citigroup by 1.3% in the fourth quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock worth $799,000 after buying an additional 85 shares in the last quarter. Park Place Capital Corp grew its stake in Citigroup by 16.7% during the fourth quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after acquiring an additional 85 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in Citigroup by 0.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company’s stock worth $1,870,000 after acquiring an additional 97 shares during the period. Boltwood Capital Management increased its holdings in Citigroup by 2.6% during the 4th quarter. Boltwood Capital Management now owns 3,893 shares of the company’s stock worth $454,000 after acquiring an additional 98 shares during the period. Finally, FMB Wealth Management lifted its stake in Citigroup by 4.1% in the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on C shares. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Piper Sandler set a $135.00 target price on Citigroup in a research report on Thursday, January 15th. Oppenheimer decreased their target price on Citigroup from $144.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Insider Buying and Selling at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s 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 completion of the sale, the insider owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi’s push into London bullion custody and clearing is a strategic growth move that diversifies fee revenue and positions the bank in a recovering gold market; this expansion can lift non‑interest income over time. Read More.
• Positive Sentiment: Recent analyst actions are supportive: Jefferies initiated coverage with a buy/strong‑buy and Jefferies/Oppenheimer maintain above‑market targets ($135 and $132 noted), which can provide a floor for longer‑term investor demand. Read More. and Read More.
• Neutral Sentiment: Management/headcount moves in Asia (senior banker departures) are being reported; such changes can create short‑term noise but are not yet tied to Citi’s core U.S. earnings outlook. Read More.
• Neutral Sentiment: Citi commentary on payments, stablecoins and digital initiatives signals ongoing strategic investments in fee businesses; these are long‑lead revenue drivers rather than immediate EPS catalysts. Read More.
• Negative Sentiment: Bloomberg reported Citi is weighing a purchase of a large U.S. regional bank or brokerage — a high‑profile M&A rumor that triggered selling due to uncertainty over cost, regulatory scrutiny and potential execution risk. Citi later called the report “baseless speculation,” but the initial leak moved the tape. Read More. and Read More.
• Negative Sentiment: Broad weakness in financials amplified Citigroup’s decline today; the NYSE financial index dropped and traders rotated out of banking names on the headlines, increasing downside pressure. Read More.

Citigroup Price Performance

Shares of NYSE:C opened at $107.40 on Friday. The company’s fifty day moving average price is $112.90 and its 200-day moving average price is $108.05. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $187.87 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.72 and a beta of 1.17. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16.

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

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio is 34.43%.

About Citigroup

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.