Citigroup Inc. $C Holdings Trimmed by ProVise Management Group LLC

ProVise Management Group LLC reduced its position in shares of Citigroup Inc. (NYSE:C) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,335 shares of the company’s stock after selling 10,256 shares during the period. Citigroup makes up about 1.4% of ProVise Management Group LLC’s investment portfolio, making the stock its 19th largest position. ProVise Management Group LLC’s holdings in Citigroup were worth $19,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Citigroup by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Citigroup by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Citigroup by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock worth $3,353,612,000 after purchasing an additional 879,056 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 2.2% in the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after purchasing an additional 679,967 shares in the last quarter. Finally, Norges Bank acquired a new stake in Citigroup during the second quarter valued at approximately $2,455,929,000. 71.72% of the stock is currently owned by institutional investors.

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 transaction of $4,796,088.57. Following the transaction, the insider owned 45,835 shares in the company, 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 the SEC website. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 target price on shares of Citigroup in a report on Thursday, January 15th. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Truist Financial raised their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group lifted their target price on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.25.

Citigroup Stock Down 2.2%

C stock opened at $106.58 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $186.44 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.68 and a beta of 1.17. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16. The company’s 50 day simple moving average is $115.67 and its 200-day simple moving average is $106.79.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping 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 firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 34.43%.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi participated in a strategic investment in Adaptive (alongside HSBC), signaling continued corporate focus on capital-markets technology and partnerships that could support fee and tech-led growth. Adaptive announces strategic investment from HSBC and Citi
• Positive Sentiment: Investor write-ups highlight Citigroup as an attractive dividend option, reinforcing income-focused demand for the stock among yield-seeking investors. Citigroup (C) Could Be a Great Choice
• Positive Sentiment: Market commentators and some strategists are flagging banks as buyable after recent sell-offs, which supports sector-level interest in large U.S. banks like Citi if volatility stabilizes. War selloffs are buying opportunities, history shows; Jyotivardhan Jaipuria backs banks, trims IT
• Neutral Sentiment: Citi’s institutional units have filed notices exiting substantial-holder status in a few smaller Australian names — routine portfolio/flow activity that can affect localized volumes but is unlikely to move Citi’s share price materially. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Citigroup’s own market commentary has warned that stock-market volatility is set to continue amid the Middle East shock — a caution that can exacerbate risk-off flows out of banks and financials. Stock market volatility set to continue, warns Citi
• Negative Sentiment: Negative press and legal risk surfaced after a Citi banker filed a sexual-harassment suit criticizing the firm’s internal investigation unit; such reputational and legal headlines can pressure sentiment and prompt investor caution. Citi banker suing for sexual harassment slams firm’s investigation unit

About Citigroup

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.