PCJ Investment Counsel Ltd. Acquires Shares of 29,870 Citigroup Inc. $C

PCJ Investment Counsel Ltd. bought a new position in Citigroup Inc. (NYSE:C) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,870 shares of the company’s stock, valued at approximately $3,032,000.

A number of other hedge funds have also bought and sold shares of C. FMB Wealth Management increased its position in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock valued at $266,000 after purchasing an additional 103 shares during the last quarter. Tritonpoint Wealth LLC grew its position in Citigroup by 2.1% during the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock valued at $506,000 after buying an additional 104 shares during the period. Highline Wealth Partners LLC increased its holdings in Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after buying an additional 109 shares during the last quarter. Arjuna Capital increased its holdings in Citigroup by 0.7% during the third quarter. Arjuna Capital now owns 16,587 shares of the company’s stock worth $1,684,000 after buying an additional 112 shares during the last quarter. Finally, Binnacle Investments Inc raised its position in Citigroup by 6.5% in the second quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock worth $157,000 after acquiring an additional 113 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi says Q1 investment-banking fees are tracking mid‑teens percentage growth, signaling stronger fee revenue and momentum in capital markets that can boost near‑term revenue and margins. Citigroup sees mid-teens growth in first-quarter investment banking fees
• Positive Sentiment: Citi issued several new senior unsecured notes, completed medium‑term offerings and launched a digitally native structured note — while management reiterated ambitions for a 10–11% ROTCE and mid‑teens IB & markets revenue growth. That combination supports capital flexibility and a capital‑light fee growth narrative. Did Citi’s New Debt Issuance And Digital Note Launch Just Shift Citigroup’s (C) Investment Narrative?
• Positive Sentiment: Citi raised AI-related capex and revenue projections, positioning the bank to capture demand from enterprise AI spend (a structural revenue tailwind if execution and ROI follow). Citigroup Elevates AI Investment Projections Amid Rising Demand
• Positive Sentiment: Citi reiterated plans to grow net interest income ~5–6% Y/Y in 2026 via loan expansion, deposit growth and reinvesting maturing securities at higher yields — a clear earnings driver for bank investors. How Citigroup Plans to Achieve 5-6% Y/Y NII Growth in 2026?
• Neutral Sentiment: Unusually high options volume has been reported (large call buying), indicating elevated speculative/hedged positioning that can amplify intraday moves but is not a fundamental earnings change. Monitor options flow for follow‑through. Citigroup Sees Unusually High Options Volume (NYSE:C)
• Negative Sentiment: Quiver/aggregated data show notable insider selling and large institutional reductions (e.g., UBS AM, BofA trimming holdings). Heavy insider/institutional selling can pressure sentiment and suggests some investors are taking profits. Citigroup Stock (C) Opinions on Recent Price Momentum and Analyst Upgrades
• Negative Sentiment: Citi ranked poorly in a recent global gender‑ranking decline — a reputational hit that could influence stakeholder perception and ESG‑sensitive investors over time (minor near‑term market impact). Citi suffers largest fall among banks in global gender ranking

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. 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. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Insiders Place Their Bets

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Stock Up 2.2%

C stock opened at $108.92 on Wednesday. The company’s 50 day moving average is $115.28 and its 200 day moving average is $106.99. The stock has a market cap of $190.54 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16.

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

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is currently 34.43%.

Citigroup Company 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.