Parkside Investments LLC Trims Stake in Citigroup Inc. $C

Parkside Investments LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,361 shares of the company’s stock after selling 11,545 shares during the quarter. Citigroup comprises about 1.4% of Parkside Investments LLC’s investment portfolio, making the stock its 18th biggest position. Parkside Investments LLC’s holdings in Citigroup were worth $11,303,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in C. Wrapmanager Inc. acquired a new stake in shares of Citigroup during the third quarter valued at $588,000. Patten Group Inc. boosted its stake in shares of Citigroup by 5.3% during the 3rd quarter. Patten Group Inc. now owns 4,988 shares of the company’s stock worth $506,000 after purchasing an additional 252 shares during the last quarter. First American Trust FSB grew its holdings in shares of Citigroup by 30.0% during the third quarter. First American Trust FSB now owns 147,366 shares of the company’s stock worth $14,958,000 after buying an additional 34,033 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of Citigroup in the third quarter valued at approximately $649,000. Finally, Apriem Advisors purchased a new position in shares of Citigroup during the third quarter valued at approximately $240,000. 71.72% of the stock is owned by institutional investors and hedge funds.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup agreed to sell a 24% stake in Banamex for about $2.5 billion, marking another step toward a planned IPO of its Mexican retail unit. The transaction brings near-term cash proceeds, reduces exposure to Mexico prior to an IPO, and signals progress on Citi’s ongoing restructuring program. Citi signs deal to sell 24% equity stake in Banamex (Reuters)
• Positive Sentiment: Multiple reports confirm the Banamex stake sales include institutional/private-equity buyers (including reports naming Blackstone and family offices), reinforcing the view that Citi can monetize the unit at attractive terms and accelerate its separation/IPO timeline. This should support capital flexibility and strategy execution. Citi to sell another stake in Mexico’s Banamex ahead of IPO (FT)
• Neutral Sentiment: Citigroup’s trading desk noted hedge-fund clients sold the U.S. dollar around the Supreme Court tariff ruling — this speaks to client flow volatility and trading revenue variability but is not a direct credit or balance-sheet event for Citi. It may affect short-term trading results. Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling (Yahoo)
• Neutral Sentiment: Citi participated as an anchor investor in an upcoming IPO in India (PNGS Reva), reflecting ongoing investment-banking activity in emerging markets — helps fee pipeline but is routine for the franchise. PNGS Reva IPO: Citigroup, Societe Generale back jeweller in Rs 170 crore anchor round (Economic Times)
• Negative Sentiment: The White House is reportedly weighing an order to require banks to collect citizenship information from new and existing customers. If implemented, this would raise compliance, onboarding friction and operational costs for large banks like Citi and could complicate retail deposit growth and cross‑border customer handling. White House Weighs Requiring Citizenship Checks for Bank Customers (PYMNTS)
• Negative Sentiment: Broader financial-stocks weakness was reported in afternoon trading, which can exacerbate downward pressure on large bank names including Citi even when company-specific headlines are mixed. Sector moves and macro sentiment remain important near-term drivers. Sector Update: Financial Stocks Decline Late Afternoon (Yahoo)

Analysts Set New Price Targets

Several research firms have commented on C. Barclays lifted their target price 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. 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. Morgan Stanley set a $152.00 target price on Citigroup in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price target on Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.25.

Insider Activity at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. The trade was 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 Performance

NYSE C opened at $109.57 on Wednesday. The firm has a market capitalization of $196.05 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.71 and a beta of 1.18. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The business’s 50-day simple moving average is $116.69 and its 200-day simple moving average is $105.82.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business 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 earned $1.34 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio is presently 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.