Citigroup Inc. $C is Patient Capital Management LLC’s 2nd Largest Position

Patient Capital Management LLC cut its holdings in shares of Citigroup Inc. (NYSE:C) by 2.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,310,407 shares of the company’s stock after selling 35,310 shares during the period. Citigroup accounts for 5.3% of Patient Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Patient Capital Management LLC owned about 0.07% of Citigroup worth $133,006,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Citigroup by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock worth $14,117,313,000 after acquiring an additional 1,148,451 shares in the last quarter. Geode Capital Management LLC boosted its position in Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after purchasing an additional 411,894 shares in the last quarter. Franklin Resources Inc. grew its stake in Citigroup by 2.2% in the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Citigroup by 3.2% in the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after purchasing an additional 988,152 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Citigroup during the second quarter valued at about $2,455,929,000. Institutional investors own 71.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on C shares. The Goldman Sachs Group upped their target price on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $107.00 to $124.00 in a report on Friday, December 12th. Oppenheimer upped their target price on Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Finally, Bank of America lifted their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.65.

Citigroup Stock Down 4.3%

Shares of NYSE C opened at $112.96 on Wednesday. The firm has a market cap of $202.11 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.18. The company’s 50-day simple moving average is $111.25 and its 200-day simple moving average is $101.65. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $124.17.

Citigroup (NYSE:C) last announced its quarterly earnings data 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 return on equity of 8.28% and a net margin of 8.50%.The company had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $1.34 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: CEO Jane Fraser told policymakers and markets that she does not expect Congress to approve the proposed 10% cap on credit‑card interest rates — a development investors view as protecting future credit‑card margin and fee income. Citigroup CEO does not expect Congress to approve cap in credit card rates
• Positive Sentiment: Fraser also pushed back on a persistent “sell America” narrative, saying shifts away from U.S. assets are unlikely to last — comments that support Citi’s global franchise thesis and its diversified revenue mix. Citigroup CEO Jane Fraser Doesn’t Expect ‘Sell America’ Sentiment to Last in Markets
• Neutral Sentiment: Citi research flagged the possibility of up to three BOJ rate hikes in 2026 if the yen weakens, a view that could boost FX and rates trading revenues but also raises market volatility exposure. Investors may see this as mixed for near‑term trading flows. Citi Sees Risk of Three BOJ Rate Hikes in 2026 on Weak Yen
• Negative Sentiment: Reporting that Citi is weighing ending a fixed‑pay allowance for key UK staff could be seen as a response to regulatory and cost pressures — a move that may help expenses but could hurt recruitment and have reputational implications in a key market. JPMorgan, Citi Weigh Ending Fixed Pay Allowance for Key UK Staff
• Negative Sentiment: Broader macro headlines — e.g., a Danish pension fund preparing to sell U.S. Treasuries — increase concern about higher yields and funding volatility, a backdrop that can pressure trading desks and bond portfolios at global banks like Citi. Danish Pension Fund To Dump All US Treasuries Citing ‘Rising Credit Risk’

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.