Kingsview Wealth Management LLC Decreases Holdings in Citigroup Inc. $C

Kingsview Wealth Management LLC cut its stake in Citigroup Inc. (NYSE:C) by 36.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,532 shares of the company’s stock after selling 10,269 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Citigroup were worth $1,780,000 at the end of the most recent quarter.

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

Key Headlines Impacting 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

Citigroup Stock Performance

Shares of C stock opened at $109.01 on Friday. The stock has a market capitalization of $190.69 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.71 and a beta of 1.17. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The company’s 50-day simple moving average is $115.95 and its 200-day simple moving average is $106.52. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00.

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 the consensus estimate of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $1.34 earnings per share. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared 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. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is currently 34.43%.

Insider Transactions at Citigroup

In related 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 transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on C shares. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Morgan Stanley set a $152.00 price objective on shares of Citigroup in a research report on Tuesday, February 17th. The Goldman Sachs Group lifted their target price on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Oppenheimer boosted their price target on Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Finally, Barclays increased their price target on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has an average 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.