Te Ahumairangi Investment Management Ltd Has $10.68 Million Stock Position in Citigroup Inc. $C

Te Ahumairangi Investment Management Ltd lowered its position in Citigroup Inc. (NYSE:C) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,170 shares of the company’s stock after selling 29,380 shares during the period. Citigroup comprises 1.8% of Te Ahumairangi Investment Management Ltd’s holdings, making the stock its 12th largest position. Te Ahumairangi Investment Management Ltd’s holdings in Citigroup were worth $10,675,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC grew its stake in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Dunhill Financial LLC raised its position in shares of Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after purchasing an additional 153 shares during the period. Guerra Advisors Inc acquired a new stake in shares of Citigroup during the third quarter worth about $33,000. Howard Hughes Medical Institute bought a new position in shares of Citigroup during the 2nd quarter valued at about $34,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Citigroup during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on C. Truist Financial increased their target price on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Barclays upped 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. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $141.00 price objective 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 stock. According to data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and an average price target of $127.25.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi executed a milestone digital-markets transaction by issuing its first digitally native structured note via Euroclear’s D‑FMI platform — a sign of product/technology leadership in capital markets that could expand distribution and fee revenue over time. Citigroup (C) Issues First Digitally Native Structured Note via Euroclear
• Positive Sentiment: Analyst commentary and coverage note Citi’s ongoing turnaround — improvement in investment banking fees and market revenues tied to its transformation plan, supporting the longer-term growth outlook for the franchise. C’s Turnaround Strengthens Growth Outlook: Should You Buy the Stock?
• Neutral Sentiment: Citi group entities notified an exit as substantial holders in Australian restaurant chain Guzman y Gomez — a routine institutional position update that has limited direct impact on Citi’s own stock fundamentals. Citi Group Entities Cease to Be Substantial Holders in Guzman y Gomez
• Negative Sentiment: Citi evacuated multiple buildings in the U.A.E. after reported threats tied to the Iran-related tensions — a direct operational disruption and a catalyst for risk-averse investor flows into safer assets and away from regional operations exposure. Citi evacuates offices in the Middle East after Iran threatens to target banks
• Negative Sentiment: Financial sector weakness more broadly is pressuring bank shares, and Citi has been singled out to fall more than peers amid recent profit-taking and macro/geopolitical worries. Here’s Why Citigroup (C) Fell More Than Broader Market
• Negative Sentiment: Sector reports show the NYSE financial index pulling back, which amplifies downward pressure on Citigroup due to its large weighting in bank indices and sensitivity to macro risk sentiment. Sector Update: Financial Stocks Fall Late Afternoon

Citigroup Stock Up 1.3%

Shares of NYSE:C traded up $1.41 during mid-day trading on Friday, reaching $106.91. 3,175,303 shares of the stock were exchanged, compared to its average volume of 14,910,789. The stock’s 50 day simple moving average is $114.92 and its 200-day simple moving average is $106.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The company has a market cap of $187.02 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.70 and a beta of 1.17. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

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

Citigroup Announces Dividend

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

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.