Waratah Capital Advisors Ltd. Decreases Stake in Citigroup Inc. $C

Waratah Capital Advisors Ltd. lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 48.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,924 shares of the company’s stock after selling 35,000 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Citigroup were worth $3,849,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC grew its stake in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $33,000. Cloud Capital Management LLC purchased a new stake in shares of Citigroup in the third quarter valued at approximately $40,000. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup in the second quarter valued at approximately $34,000. Finally, Highline Wealth Partners LLC increased its holdings in shares of Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after purchasing an additional 109 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler set a $135.00 price objective on Citigroup in a research note on Thursday, January 15th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research report on Monday, January 5th. Morgan Stanley set a $152.00 price objective on shares of Citigroup in a report on Tuesday, February 17th. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.25.

Citigroup Trading Down 1.1%

NYSE C opened at $109.57 on Wednesday. The firm’s 50-day moving average is $116.69 and its two-hundred day moving average is $105.82. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. 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 P/E ratio of 15.72, a PEG ratio of 0.71 and a beta of 1.18.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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 business 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 was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

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

Trending Headlines about Citigroup

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

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Citigroup Company 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.