Rock Point Advisors LLC Sells 32,230 Shares of Citigroup Inc. $C

Rock Point Advisors LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,367 shares of the company’s stock after selling 32,230 shares during the period. Citigroup accounts for approximately 5.5% of Rock Point Advisors LLC’s investment portfolio, making the stock its biggest position. Rock Point Advisors LLC’s holdings in Citigroup were worth $20,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of C. Brighton Jones LLC lifted its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares during the last quarter. United Bank acquired a new position in Citigroup in the 2nd quarter valued at $972,000. TIAA Trust National Association lifted its holdings in Citigroup by 27.7% in the 2nd quarter. TIAA Trust National Association now owns 22,794 shares of the company’s stock valued at $1,940,000 after purchasing an additional 4,941 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its stake in Citigroup by 29.3% during the 2nd quarter. Bridgewater Advisors Inc. now owns 9,025 shares of the company’s stock worth $853,000 after purchasing an additional 2,045 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research report on Monday, January 5th. Truist Financial increased their price objective on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group upped their price target on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Citigroup Price Performance

C stock opened at $110.85 on Wednesday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The stock has a market cap of $193.91 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. The business has a fifty day moving average of $116.41 and a two-hundred day moving average of $106.47.

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 business had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

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

Insider Buying and Selling at Citigroup

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 shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Fedspeak suggests rate cuts are less likely soon, supporting bank net interest margins and higher-for-longer rates that benefit loan yield and NIM. Fed’s Schmid warns inflation still too hot
• Positive Sentiment: Legislative push blocking a Federal Reserve CBDC through 2030 reduces a potential threat to banks’ deposit franchises and payments revenue. That legal clarity can be seen as supportive for legacy banking models. Senate housing legislation includes Federal Reserve CBDC prohibition through 2030
• Neutral Sentiment: Citi research (Manthey) is recommending U.K. stocks as a hedge amid Iran-related risk; this highlights Citi’s market-facing positioning, which can boost trading/investment-banking flows but is not a direct balance-sheet event. Citi’s Manthey sees UK stocks as good hedge
• Neutral Sentiment: Citi’s commodities team now sees oil spiking above $80 if conflict persists — higher oil raises trading and commodities revenue potential but also lifts input costs and EM credit stress. This is a two-sided macro driver for the bank. Citi sees oil spiking above $80
• Neutral Sentiment: Citigroup sold ~830k shares of Clean Max Enviro Energy in an Indian block trade at a ~20% discount — a localized portfolio/asset-management disposition that trims non-core holdings but is unlikely to move Citi’s U.S. stock materially. Citigroup sells 8.3 lakh shares in Clean Max Enviro Energy
• Negative Sentiment: Citi has instructed most Gulf-region staff to work from home amid escalating tensions, flagging operational disruption and direct regional exposure that could weigh on local business continuity and risk-weighted assets. Citi instructs Gulf employees to work from home
• Negative Sentiment: Wider Middle East disruptions (Strait of Hormuz risks, supply-chain and commodity shocks) raise market volatility, EM inflation and credit risks — negative for banks with emerging-market exposure and for economic growth. Strait of Hormuz disruption threatens Middle East food imports

Citigroup 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.