Citigroup Inc. $C Shares Sold by Nexus Investment Management ULC

Nexus Investment Management ULC cut its position in shares of Citigroup Inc. (NYSE:C) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 390,203 shares of the company’s stock after selling 91,845 shares during the quarter. Citigroup accounts for 6.2% of Nexus Investment Management ULC’s investment portfolio, making the stock its 4th biggest holding. Nexus Investment Management ULC’s holdings in Citigroup were worth $45,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of C. Capital World Investors raised its holdings in shares of Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.7% in the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock worth $3,353,612,000 after acquiring an additional 879,056 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 1.8% in the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company’s stock worth $3,336,362,000 after acquiring an additional 580,027 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Citigroup by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 15,176,320 shares of the company’s stock worth $1,292,923,000 after acquiring an additional 535,950 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target to $137 and kept a “buy” rating, signaling stronger sell‑side conviction and implying material upside if guidance/earnings beat expectations. Read More.
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 (yield ~2.1%) with an upcoming ex‑dividend date in early May — supports income investors and reduces downside from headline volatility.
• Positive Sentiment: Market commentary highlights Citigroup’s sticky global treasury & trade services and its large international footprint as durable revenue drivers; that business could anchor a recovery and supports a valuation rerating if macro risk eases. Read More.
• Neutral Sentiment: Multiple previews (Seeking Alpha, Zacks) argue Citigroup has the setup to beat Q1 consensus — that can help shares if results and guidance are strong, but upside depends on revenue mix (IB vs. trading vs. TTS). Read More. | Read More.
• Neutral Sentiment: JPMorgan trimmed its price target slightly (from $134 to $131) but left an “overweight” rating — a modest adjustment that tempers near‑term upside but keeps institutional support intact. Read More.
• Neutral Sentiment: Citigroup research pushed back its Fed‑cut forecast (now expecting cuts starting in September). A later start to cuts can be a double‑edged sword for banks: it supports net interest margins longer but may signal persistent inflation and economic risk. Read More.
• Negative Sentiment: Escalating geopolitical risk in the Middle East (threats to power plants and infrastructure) is boosting oil and risk‑off flows — that broader market stress pressures trading volumes, capital markets activity and investor sentiment for big banks. Read More.
• Negative Sentiment: Fed officials warning that inflation risks remain and rate cuts are unlikely in the near term increases macro uncertainty. Elevated inflation and geopolitical shocks can reduce capital markets activity and raise credit/recession risk — negatives for bank revenue and stock multiples. Read More.

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $116.84 on Wednesday. The firm has a market capitalization of $204.40 billion, a P/E ratio of 16.76, a PEG ratio of 0.74 and a beta of 1.11. The stock has a fifty day moving average price of $112.83 and a 200 day moving average price of $108.87. Citigroup Inc. has a 52 week low of $56.07 and a 52 week high of $125.16. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, May 4th. Citigroup’s dividend payout ratio is presently 34.43%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on C shares. The Goldman Sachs Group boosted their price target on Citigroup from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer reduced their price objective on shares of Citigroup from $144.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $134.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Finally, TD Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.41.

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.