Russell Investments Group Ltd. Reduces Position in Citigroup Inc. $C

Russell Investments Group Ltd. trimmed its holdings in Citigroup Inc. (NYSE:C) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,975,115 shares of the company’s stock after selling 224,212 shares during the period. Citigroup accounts for about 0.5% of Russell Investments Group Ltd.’s holdings, making the stock its 23rd biggest holding. Russell Investments Group Ltd.’s holdings in Citigroup were worth $404,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. 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. Dunhill Financial LLC lifted its stake in Citigroup by 92.2% in the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after purchasing an additional 153 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Citigroup during the 3rd quarter worth approximately $33,000. Howard Hughes Medical Institute acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $34,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Citigroup in the second quarter valued at approximately $38,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Down 2.2%

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

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. Citigroup’s dividend payout ratio is currently 34.43%.

Wall Street Analysts Forecast Growth

C has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating and set a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Wells Fargo & Company set a $150.00 target price on Citigroup in a report on Monday, January 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Piper Sandler set a $135.00 price target on Citigroup in a report on Thursday, January 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.25.

Key Headlines Impacting 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

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

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.