Citigroup Inc. $C is Westpac Banking Corp’s 10th Largest Position

Westpac Banking Corp reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 2.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 210,678 shares of the company’s stock after selling 6,399 shares during the period. Citigroup accounts for approximately 1.3% of Westpac Banking Corp’s investment portfolio, making the stock its 10th biggest holding. Westpac Banking Corp’s holdings in Citigroup were worth $21,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Citigroup during the 2nd quarter worth approximately $2,455,929,000. Bank of New York Mellon Corp lifted its holdings in shares of Citigroup by 17.6% during the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after purchasing an additional 4,211,099 shares during the period. Bessemer Group Inc. grew its position in Citigroup by 6,172.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock valued at $294,838,000 after buying an additional 2,858,481 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Citigroup by 440.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,835,767 shares of the company’s stock valued at $186,330,000 after buying an additional 1,496,125 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after acquiring an additional 1,393,865 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on C. Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 target price on shares of Citigroup in a research report on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Barclays increased their price target on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, Morgan Stanley set a $152.00 price objective on shares of Citigroup in a report on Tuesday, February 17th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.25.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup set up a team to win advisory and lending business tied to an estimated $3 trillion AI infrastructure buildout through 2030 — positioning the bank for higher‑margin corporate lending, project finance and advisory fees if it captures market share. Citigroup Aims to Help Bankroll $3 Trillion AI Infrastructure Buildout
• Positive Sentiment: Citigroup agreed to sell a 24% stake in Banamex to institutional investors, an important step toward a potential IPO of its Mexican unit — a move that could unlock value, improve capital allocation and reduce regional execution risk. Citigroup Agrees to Sell 24% Banamex Stake
• Neutral Sentiment: Analysts are re‑weighing Citigroup’s transformation story versus rivals (Goldman Sachs), which may reshape investor expectations for revenue mix and upside but offers no single near‑term catalyst. Goldman or Citigroup: Which Transformation Story Is More Compelling?
• Neutral Sentiment: Citi Group entities notified several Australian companies that they ceased to be substantial holders — routine balance‑sheet/portfolio adjustments by institutional desks with limited direct impact on Citi’s core operating results. Citi Group Entities Cease to Be Substantial Holder in Weebit Nano
• Negative Sentiment: Option flow showed modestly bearish positioning in Citigroup (puts > calls, elevated implied volatility), signaling some traders expect near‑term downside or larger intraday moves — a technical headwind for sentiment. Option traders moderately bearish in Citi
• Negative Sentiment: The White House is considering requiring banks to collect citizenship data for customers — a policy under discussion that could raise compliance costs, onboarding friction and political/regulatory uncertainty for large banks including Citi. White House Weighs Requiring Citizenship Checks for Bank Customers

Citigroup Price Performance

Citigroup stock opened at $114.35 on Thursday. The firm has a market capitalization of $200.04 billion, a PE ratio of 16.41, a P/E/G ratio of 0.70 and a beta of 1.18. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The firm’s 50-day simple moving average is $116.75 and its 200 day simple moving average is $105.88. 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 (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. 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.