Wedge Capital Management L L P NC Sells 53,094 Shares of Citigroup Inc. $C

Wedge Capital Management L L P NC lessened its holdings in Citigroup Inc. (NYSE:C) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,704 shares of the company’s stock after selling 53,094 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Citigroup were worth $36,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in C. Exchange Traded Concepts LLC lifted its stake in shares of Citigroup by 12.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 25,000 shares of the company’s stock valued at $2,917,000 after acquiring an additional 2,795 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in Citigroup by 4.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 31,056 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,376 shares during the last quarter. Elevatus Welath Management purchased a new stake in shares of Citigroup during the fourth quarter valued at approximately $3,160,000. EdgeRock Capital LLC grew its holdings in shares of Citigroup by 6.9% in the fourth quarter. EdgeRock Capital LLC now owns 2,581 shares of the company’s stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its stake in shares of Citigroup by 10.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,656 shares of the company’s stock worth $1,360,000 after buying an additional 1,140 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s 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 completion of the transaction, the insider 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $107.40 on Friday. The company has a 50-day simple moving average of $112.90 and a two-hundred day simple moving average of $108.05. 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 $187.87 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.17. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16.

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. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi’s push into London bullion custody and clearing is a strategic growth move that diversifies fee revenue and positions the bank in a recovering gold market; this expansion can lift non‑interest income over time. Read More.
• Positive Sentiment: Recent analyst actions are supportive: Jefferies initiated coverage with a buy/strong‑buy and Jefferies/Oppenheimer maintain above‑market targets ($135 and $132 noted), which can provide a floor for longer‑term investor demand. Read More. and Read More.
• Neutral Sentiment: Management/headcount moves in Asia (senior banker departures) are being reported; such changes can create short‑term noise but are not yet tied to Citi’s core U.S. earnings outlook. Read More.
• Neutral Sentiment: Citi commentary on payments, stablecoins and digital initiatives signals ongoing strategic investments in fee businesses; these are long‑lead revenue drivers rather than immediate EPS catalysts. Read More.
• Negative Sentiment: Bloomberg reported Citi is weighing a purchase of a large U.S. regional bank or brokerage — a high‑profile M&A rumor that triggered selling due to uncertainty over cost, regulatory scrutiny and potential execution risk. Citi later called the report “baseless speculation,” but the initial leak moved the tape. Read More. and Read More.
• Negative Sentiment: Broad weakness in financials amplified Citigroup’s decline today; the NYSE financial index dropped and traders rotated out of banking names on the headlines, increasing downside pressure. Read More.

Analysts Set New Price Targets

Several brokerages have weighed in on C. 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. UBS Group reiterated a “neutral” rating and set a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Zacks Research downgraded Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Oppenheimer dropped their price objective on Citigroup from $144.00 to $132.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company set a $150.00 target price on Citigroup in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

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.