RWA Wealth Partners LLC Sells 72,699 Shares of Citigroup Inc. $C

RWA Wealth Partners LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 33.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,606 shares of the company’s stock after selling 72,699 shares during the period. RWA Wealth Partners LLC’s holdings in Citigroup were worth $14,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Citigroup by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after purchasing an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC raised its stake in Citigroup by 1.0% in the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after buying an additional 411,894 shares during the period. Franklin Resources Inc. raised its stake in Citigroup by 2.2% in the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after buying an additional 679,967 shares during the period. Fisher Asset Management LLC lifted its position in shares of Citigroup by 3.2% in the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock valued at $2,737,583,000 after buying an additional 988,152 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Citigroup during the 2nd quarter worth approximately $2,455,929,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi confirmed agreements to sell a 24% equity stake in Banamex for roughly $2.5 billion — a step that advances its plan to spin off and IPO the Mexican unit, provides near-term proceeds and de-risks the Mexico exposure, and supports management’s capital-allocation strategy. Citi signs deal to sell 24% equity stake in Banamex
• Neutral Sentiment: Citi shared client-flow color showing hedge-fund clients sold the U.S. dollar around the Supreme Court tariff ruling — useful read-through for FX and trading revenue trends but not an immediate company balance-sheet item. Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling
• Neutral Sentiment: Multiple Citigroup Global Markets Australia entities have notified issuers that they ceased to be substantial holders in a number of small Australian-listed companies — routine portfolio/market-making adjustments that may affect local float but have limited impact on Citi’s P&L. Citi Group Entities Cease to Be Substantial Holder in Weebit Nano
• Neutral Sentiment: Comments linked to Citi (former executive) on the rapid AI/robot adoption trend highlight industry research and thought leadership, which could shape future corporate lending and technology-adoption narratives but are not an immediate earnings driver. AI robots may outnumber workers in a few decades as firms ramp up investment
• Negative Sentiment: The White House is reportedly weighing requiring banks to collect citizenship information from new and existing customers — a policy change that could raise compliance costs, reduce onboarding/retention for some clients, and create friction across retail and commercial banking. White House Weighs Requiring Citizenship Checks for Bank Customers

Citigroup Stock Down 1.1%

NYSE C opened at $109.57 on Wednesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The business has a fifty day moving average price of $116.69 and a two-hundred day moving average price of $105.82. 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 stock has a market capitalization of $196.05 billion, a PE ratio of 15.72, a PEG ratio of 0.71 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The company had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. Equities analysts expect 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 will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s 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 completion of the transaction, the insider owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Piper Sandler set a $135.00 target price on shares of Citigroup in a report on Thursday, January 15th. Truist Financial increased their price target on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, TD Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Citigroup presently 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.