Berkshire Asset Management LLC PA Cuts Stock Position in Citigroup Inc. $C

Berkshire Asset Management LLC PA cut its position in Citigroup Inc. (NYSE:C) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 83,203 shares of the company’s stock after selling 4,575 shares during the period. Berkshire Asset Management LLC PA’s holdings in Citigroup were worth $8,445,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Brookstone Capital Management raised its position in shares of Citigroup by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after buying an additional 18,176 shares during the period. Permanent Capital Management LP purchased a new position in shares of Citigroup during the 3rd quarter worth $1,238,000. Donaldson Capital Management LLC purchased a new stake in Citigroup in the 3rd quarter valued at about $58,994,000. Penobscot Investment Management Company Inc. lifted its position in Citigroup by 61.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after buying an additional 21,720 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Citigroup by 27.2% during the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after buying an additional 16,171 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Zacks notes Citigroup trades below peer P/E (12‑month trailing P/E ~10.7x vs. industry ~14.4x), highlighting a valuation discount that could attract value-oriented buyers. Citigroup Trades at a Discount to Industry
• Positive Sentiment: Fed move to ease some supervisory “matters requiring attention” (MRAs) could reduce regulatory overhang for large banks if enacted, a potential tailwind for bank stocks including Citi. Fed Pivots Supervision Toward Core Financial Stability
• Neutral Sentiment: Board set CEO Jane Fraser’s 2025 compensation at $42M; while the pay increase signals board confidence after a strong year, it raises governance/optics questions for some investors. Citigroup CEO Jane Fraser’s Pay Jumped to $42 Million
• Neutral Sentiment: Citi filed to create a 6.5% Series JJ preferred stock — a capital-management move that can bolster loss‑absorbing capital but may limit upside for common shareholders depending on issuance size. Citigroup Establishes New 6.5% Series JJ Preferred Stock
• Neutral Sentiment: Citigroup rates desk warns markets may be underestimating U.S. inflation risk — commentary that supports Citi’s markets/research franchise but doesn’t directly change fundamentals. Citigroup rates desk says market is too calm about US inflation
• Neutral Sentiment: Former Citigroup Russian unit will rebrand after planned sale (AO Citibank → RenCap Bank). Operationally immaterial for Citi’s core business, but removes a legacy Russia exposure headline. Former Citigroup unit in Russia says it is changing its name to RenCap Bank
• Negative Sentiment: Insider selling: Cantu Ernesto Torres reported large sales on Feb. 13 (43,173 shares at ~$111 and 24,145 shares at ~$111 in separate filings), reducing his holdings materially; heavy insider sales often spook investors even if legally disclosed. Insider Sales by Cantu Ernesto Torres SEC Filing
• Negative Sentiment: Sector-wide/peer selloff: Citi was part of a broader financial‑stocks pullback (Goldman, JPMorgan, Citi all plunged >5% on Thursday), amplifying downward pressure on Citi shares. Goldman Sachs, JPMorgan, and Citigroup All Plunge Over 5%
• Negative Sentiment: “Down since earnings” coverage highlights that Citi’s stock has lagged since its last results (revenue missed consensus even as EPS beat), keeping some momentum investors cautious. Citigroup down 5.4% since last earnings report

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the 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 transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup Stock Down 0.3%

C stock opened at $110.77 on Friday. The company’s 50 day moving average price is $116.39 and its 200 day moving average price is $104.73. The firm has a market capitalization of $198.19 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 0.71 and a beta of 1.18. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C) last posted 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. 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 analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on C. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. HSBC restated a “buy” rating and set a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Piper Sandler set a $135.00 target price on Citigroup in a report on Thursday, January 15th. Finally, Barclays boosted their price target on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.19.

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.