Mn Services Vermogensbeheer B.V. Boosts Stock Holdings in Citigroup Inc. $C

Mn Services Vermogensbeheer B.V. raised its position in shares of Citigroup Inc. (NYSE:C) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,503 shares of the company’s stock after acquiring an additional 56,103 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Citigroup were worth $49,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its position in shares of 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 purchasing an additional 120 shares in the last quarter. Dunhill Financial LLC raised its stake in Citigroup by 92.2% in the 3rd 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 last quarter. Guerra Advisors Inc purchased a new position in Citigroup in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute acquired a new stake in Citigroup during the 2nd quarter worth $34,000. Finally, Capital A Wealth Management LLC acquired a new stake in Citigroup during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on C shares. Oppenheimer reduced their target price on shares of Citigroup from $144.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Piper Sandler set a $135.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Finally, Wolfe Research reissued an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Insiders Place Their Bets

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Stock Down 0.3%

Shares of C opened at $107.11 on Tuesday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16. The company has a market capitalization of $187.36 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. The stock has a fifty day simple moving average of $112.67 and a two-hundred day simple moving average of $108.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating 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 firm had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company posted $1.34 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street support — Several firms maintain constructive ratings and above-current price targets (median ~$131), which provides a floor for expectations and suggests analysts still see upside. Quiver Quantitative coverage
• Neutral Sentiment: Company denial — Management quickly labeled the regional bank acquisition chatter as baseless and reiterated a strategy focused on organic growth, which helped limit an even larger selloff but has not yet fully restored confidence. Quiver Quantitative coverage
• Negative Sentiment: Acquisition rumor sparked selling — Social-media reports that Citigroup executives were considering a U.S. regional-bank acquisition triggered a sharp intraday decline as investors worried about integration, regulatory hurdles and timing. That rumor appears to be the primary immediate driver of today’s weakness. Quiver Quantitative coverage
• Negative Sentiment: Analyst move: Oppenheimer trims target — Oppenheimer cut its price target for C to $132, a signal that at least one Street shop is modestly dialing back upside expectations even as the consensus remains constructive. Analyst target actions can influence sentiment and near‑term flows. Oppenheimer price-target note
• Negative Sentiment: Insider and institutional selling noted — Recent data show insider sales and large institutional reductions at some funds, which can weigh on sentiment even when multiple firms maintain buy/overweight ratings. That activity is likely contributing to selling pressure into news flow. Quiver Quantitative coverage

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.