Primecap Management Co. CA Reduces Position in Citigroup Inc. $C

Primecap Management Co. CA trimmed its stake in Citigroup Inc. (NYSE:C) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,590,055 shares of the company’s stock after selling 196,900 shares during the quarter. Primecap Management Co. CA owned approximately 0.14% of Citigroup worth $262,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. FMB Wealth Management boosted its position in Citigroup by 4.1% during the third quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after acquiring an additional 103 shares during the last quarter. Tritonpoint Wealth LLC grew its holdings in shares of Citigroup by 2.1% during the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock worth $506,000 after purchasing an additional 104 shares during the period. Highline Wealth Partners LLC increased its position in shares of Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after acquiring an additional 109 shares in the last quarter. Fullcircle Wealth LLC increased its holdings in Citigroup by 0.9% in the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after purchasing an additional 111 shares in the last quarter. Finally, Arjuna Capital raised its holdings in shares of Citigroup by 0.7% during the 3rd quarter. Arjuna Capital now owns 16,587 shares of the company’s stock valued at $1,684,000 after buying an additional 112 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup confirmed deals to sell an additional 24% stake in Banamex for about $2.5 billion, advancing its plan to separate and potentially IPO its Mexican retail unit — a cash-raising move that de-risks the business mix and improves capital deployment options. Article Title
• Positive Sentiment: Management has assembled a team to win advisory and lending mandates for the build-out of AI data centers and infrastructure (Citi estimates ~$3 trillion of capital need by 2030) — this could expand fee pools and corporate lending opportunities. Article Title
• Neutral Sentiment: Citigroup entities have exited “substantial holder” positions in several Australian stocks — routine asset-management/market-making portfolio moves that are unlikely to materially affect Citi’s core US banking fundamentals. Article Title
• Neutral Sentiment: Citi analysts/coverage actions and commentary (including comparisons with peers) are generating research flow but not immediate fundamental changes — watch analyst revisions for directional guidance. Article Title
• Neutral Sentiment: Citi reported notes that some hedge-fund clients sold dollars around the Supreme Court tariff ruling — market-flow commentary that reflects client trading activity rather than a Citi-specific credit or earnings event. Article Title
• Negative Sentiment: The White House is considering requiring banks to collect citizenship information for customers, which would raise compliance costs and could create onboarding/retention friction for large banks like Citi if implemented. Article Title
• Negative Sentiment: Options flow shows modestly bearish positioning in C (puts leading calls; elevated implied volatility), signaling some traders expect near-term downside or greater short-term movement — could amplify intraday selling if news turns negative. Article Title

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Stock Up 4.4%

Citigroup stock opened at $114.35 on Thursday. The firm has a market capitalization of $200.04 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The firm’s fifty day moving average price is $116.75 and its two-hundred day moving average price is $105.88. Citigroup Inc. has a 1-year low of $55.51 and a 1-year 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 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 company had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.1%. Citigroup’s payout ratio is 34.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley set a $152.00 price target on Citigroup in a report on Tuesday, February 17th. TD Cowen reissued a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. The Goldman Sachs Group lifted their price target on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

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.