Citigroup Inc. $C Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its position in shares of Citigroup Inc. (NYSE:C) by 48.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,924 shares of the company’s stock after selling 35,000 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Citigroup were worth $3,849,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. Geode Capital Management LLC lifted 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 during the period. Franklin Resources Inc. boosted its holdings 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 grew its position in Citigroup by 3.2% during the 2nd 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 during the period. Finally, Norges Bank acquired a new stake in Citigroup during the 2nd quarter worth about $2,455,929,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.1%

Shares of C stock opened at $109.57 on Wednesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. The company has a market cap of $196.05 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.71 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $116.69 and a 200-day simple moving average of $105.82.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS. On average, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi confirmed agreements to sell a 24% equity stake in Banamex for roughly $2.5 billion — a step that advances its plan to spin off and IPO the Mexican unit, provides near-term proceeds and de-risks the Mexico exposure, and supports management’s capital-allocation strategy. Citi signs deal to sell 24% equity stake in Banamex
• Neutral Sentiment: Citi shared client-flow color showing hedge-fund clients sold the U.S. dollar around the Supreme Court tariff ruling — useful read-through for FX and trading revenue trends but not an immediate company balance-sheet item. Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling
• Neutral Sentiment: Multiple Citigroup Global Markets Australia entities have notified issuers that they ceased to be substantial holders in a number of small Australian-listed companies — routine portfolio/market-making adjustments that may affect local float but have limited impact on Citi’s P&L. Citi Group Entities Cease to Be Substantial Holder in Weebit Nano
• Neutral Sentiment: Comments linked to Citi (former executive) on the rapid AI/robot adoption trend highlight industry research and thought leadership, which could shape future corporate lending and technology-adoption narratives but are not an immediate earnings driver. AI robots may outnumber workers in a few decades as firms ramp up investment
• Negative Sentiment: The White House is reportedly weighing requiring banks to collect citizenship information from new and existing customers — a policy change that could raise compliance costs, reduce onboarding/retention for some clients, and create friction across retail and commercial banking. White House Weighs Requiring Citizenship Checks for Bank Customers

Wall Street Analyst Weigh In

A number of brokerages have recently commented on C. Wells Fargo & Company set a $150.00 target price on Citigroup in a research note on Monday, January 5th. TD Cowen reissued a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Piper Sandler set a $135.00 target price on shares of Citigroup in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. 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.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

Insiders Place Their Bets

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated 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 sale, the insider directly owned 45,835 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

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.