Citigroup Inc. $C Shares Sold by Pitcairn Co.

Pitcairn Co. lessened its stake in Citigroup Inc. (NYSE:C) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,941 shares of the company’s stock after selling 18,965 shares during the period. Pitcairn Co.’s holdings in Citigroup were worth $5,983,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in shares of Citigroup by 14.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 352,499 shares of the company’s stock valued at $35,779,000 after purchasing an additional 44,097 shares during the period. KCM Investment Advisors LLC raised its position in shares of Citigroup by 3.2% in the third quarter. KCM Investment Advisors LLC now owns 8,253 shares of the company’s stock worth $838,000 after acquiring an additional 258 shares during the period. Advisory Alpha LLC raised its position in shares of Citigroup by 79.7% in the third quarter. Advisory Alpha LLC now owns 8,721 shares of the company’s stock worth $849,000 after acquiring an additional 3,869 shares during the period. Cambria Investment Management L.P. purchased a new stake in shares of Citigroup during the 3rd quarter worth about $1,018,000. Finally, Insigneo Advisory Services LLC grew its position in shares of Citigroup by 3.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 28,535 shares of the company’s stock valued at $2,896,000 after acquiring an additional 873 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

C opened at $109.01 on Friday. The firm has a market capitalization of $190.69 billion, a PE ratio of 15.64, a PEG ratio of 0.71 and a beta of 1.17. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16. The firm’s 50-day moving average price is $115.95 and its 200 day moving average price is $106.52. 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 (NYSE:C) last released its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating 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 the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were given a dividend of $0.60 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Insiders Place Their Bets

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is on the banker roster for the potential SpaceX IPO, which would be a large, fee-generating mandate if it proceeds — a vote of confidence for Citi’s investment-banking pipeline. Citigroup Joins SpaceX IPO Process
• Positive Sentiment: MarketBeat/TradeSmith notes Citigroup remains in a “Green Zone” for financial health (strong metrics, earnings beats track record), supporting longer-term upside versus peers. This underpins analyst upside targets cited elsewhere. 3 Non-Tech Stocks in TradeSmith’s Green Zone
• Positive Sentiment: Citi participated in a strategic investment into trading-technology firm Adaptive alongside HSBC — a sign Citi is investing in capital-markets tech and potential future trading/execution product advantages. Adaptive announces strategic investment
• Neutral Sentiment: Citi research is flagging sustained market volatility from the Middle East conflict and higher gas prices as possible inflation/earnings headwinds — useful for framing macro risk but not a direct Citi-specific operational item. Stock market volatility set to continue, warns Citi
• Neutral Sentiment: Citi has trimmed or exited substantial‑holder positions in small Australian names (administrative holdings disclosures) — routine portfolio housekeeping with minimal direct impact on U.S. share value. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Legal/reputational risk: a current lawsuit from a Citi banker alleging sexual harassment and criticizing the bank’s investigation unit has drawn media attention — this could create reputational noise and potential legal costs. Citi banker suing for sexual harassment

Analyst Ratings Changes

A number of research firms recently weighed in on C. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Oppenheimer increased 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. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research note on Monday, January 5th. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Finally, HSBC reiterated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.25.

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.