Bedell Frazier Investment Counselling LLC Acquires 33,147 Shares of Citigroup Inc. $C

Bedell Frazier Investment Counselling LLC raised its holdings in Citigroup Inc. (NYSE:C) by 77.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,016 shares of the company’s stock after buying an additional 33,147 shares during the quarter. Citigroup accounts for 1.6% of Bedell Frazier Investment Counselling LLC’s investment portfolio, making the stock its 22nd largest holding. Bedell Frazier Investment Counselling LLC’s holdings in Citigroup were worth $7,716,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of C. Wolff Wiese Magana LLC boosted its stake in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Guerra Advisors Inc acquired a new position in shares of Citigroup during the third quarter valued at about $33,000. Cloud Capital Management LLC bought a new position in shares of Citigroup during the 3rd quarter worth about $40,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Citigroup in the 2nd quarter valued at about $34,000. 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: BlackRock picked Citi Investor Services to provide select middle-office services for $4.0T of U.S. iShares ETFs — a meaningful client win that supports fee income and strengthens custody/servicing credibility. Article Title
• Positive Sentiment: Citi committed $60B to affordable housing, nearly doubling its sector investment pace — a large, multiyear deployment that positions the bank for stable lending and fee opportunities tied to policy and ESG flows. Article Title
• Positive Sentiment: Citi formed an AI infrastructure financing team to capture demand from data-center builds and related capex — a strategic play to originate large commercial loans and project-finance mandates as AI adoption ramps. Article Title
• Neutral Sentiment: Citi made a strategic investment in Japan’s Sakana AI (size undisclosed) — signals an effort to back AI partners but unclear near-term financial impact. Article Title
• Neutral Sentiment: Media and research outlets continue to spotlight Citi (trending coverage, analyst attention and higher targets from some firms), which can amplify both inflows and volatility depending on headline flow. (See recent Zacks/MarketBeat summaries.) Article Title
• Negative Sentiment: Macro/geopolitical risk is elevated today — headlines about heightened cross‑border conflict in South Asia and Israel/Iran tensions are driving risk‑off flows across markets, which typically pushes bank stocks lower on volatility and flight-to-safety moves. Article Title
• Negative Sentiment: Company fundamentals that can weigh on sentiment: Q4 showed an EPS beat but revenue missed estimates (reported Jan. 14), and today’s elevated volume suggests profit‑taking or institutional rebalancing; that combination often triggers sharper intraday declines. (See company Q4 results and trading stats.)

Citigroup Trading Down 5.2%

Shares of Citigroup stock opened at $110.11 on Friday. The company has a market capitalization of $192.62 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The stock has a fifty day simple moving average of $116.72 and a 200 day simple moving average of $106.15. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $125.16. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last posted its quarterly earnings data 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 net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Insider Buying and Selling

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction that occurred on 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 $5,091,810.15. The trade was a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on C shares. The Goldman Sachs Group upped their price target on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Keefe, Bruyette & Woods increased their target price on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research note on Thursday, January 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target 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.