Bessemer Group Inc. Acquires 2,858,481 Shares of Citigroup Inc. $C

Bessemer Group Inc. grew its holdings in Citigroup Inc. (NYSE:C) by 6,172.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,904,795 shares of the company’s stock after buying an additional 2,858,481 shares during the quarter. Bessemer Group Inc. owned 0.16% of Citigroup worth $294,838,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Brighton Jones LLC raised its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Citigroup by 6.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 18,715 shares of the company’s stock valued at $1,593,000 after purchasing an additional 1,162 shares during the period. Simplicity Wealth LLC raised its holdings in shares of Citigroup by 185.9% in the 2nd quarter. Simplicity Wealth LLC now owns 9,260 shares of the company’s stock worth $788,000 after buying an additional 6,021 shares in the last quarter. Finally, Grimes & Company Inc. lifted its position in shares of Citigroup by 4.0% during the 2nd quarter. Grimes & Company Inc. now owns 3,466 shares of the company’s stock worth $295,000 after buying an additional 132 shares during the period. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company set a $150.00 price target on Citigroup in a research note on Monday, January 5th. UBS Group reissued a “neutral” rating and set a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Piper Sandler set a $135.00 price target on shares of Citigroup in a report on Thursday, January 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.56.

Citigroup Stock Down 0.3%

Shares of NYSE C opened at $117.38 on Thursday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The firm’s 50-day simple moving average is $114.63 and its 200 day simple moving average is $103.61. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The company has a market cap of $210.02 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the company posted $1.34 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s dividend payout ratio is currently 34.43%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street analyst tone remains constructive — several coverage notes and a Zacks piece highlight analyst optimism that Citigroup’s valuation and earnings trajectory make it a buy candidate, which supports longer-term upside. Is Citigroup (C) a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Q4 fundamentals show pockets of strength — Citigroup reported an EPS beat on Jan. 14 (helping sentiment) and media write-ups summarize what drove the quarter, providing evidence management can lift profitability even as revenues were mixed. Here’s what lifted Citigroup (C) in Q4
• Neutral Sentiment: Citigroup filed to create a new 6.250% preferred-stock Series II — this strengthens capital/funding flexibility but introduces fixed-cost securities that can be viewed as a higher-cost form of capital; impact depends on use of proceeds and market reception. Citigroup Establishes New 6.250% Preferred Stock Series II
• Negative Sentiment: Major workforce reduction announced — reports say Citigroup plans to cut about 60,000 jobs by 2026. The scale raises concerns about execution risk, one-off costs, and reputational effects; while cuts could boost margins long-term, markets often punish uncertainty and the near-term expense and disruption. Citigroup to Axe 60,000 Jobs by 2026 — What It Signals for Bank Workers Everywhere

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.