Thornburg Investment Management Inc. Reduces Stock Position in Citigroup Inc. $C

Thornburg Investment Management Inc. trimmed its holdings in Citigroup Inc. (NYSE:C) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,022,240 shares of the company’s stock after selling 44,109 shares during the quarter. Citigroup accounts for about 10.6% of Thornburg Investment Management Inc.’s portfolio, making the stock its biggest holding. Thornburg Investment Management Inc.’s holdings in Citigroup were worth $814,257,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in C. Brighton Jones LLC raised its holdings in shares of Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the period. Sivia Capital Partners LLC boosted its stake in Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after purchasing an additional 1,669 shares during the period. United Bank purchased a new position in Citigroup during the 2nd quarter worth approximately $972,000. Oarsman Capital Inc. raised its stake in Citigroup by 117.1% during the 2nd quarter. Oarsman Capital Inc. now owns 40,958 shares of the company’s stock valued at $3,486,000 after purchasing an additional 22,094 shares during the period. Finally, Whalen Wealth Management Inc. acquired a new stake in Citigroup during the 2nd quarter valued at $416,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup set up a team to win advisory and lending business tied to an estimated $3 trillion AI infrastructure buildout through 2030 — positioning the bank for higher‑margin corporate lending, project finance and advisory fees if it captures market share. Citigroup Aims to Help Bankroll $3 Trillion AI Infrastructure Buildout
• Positive Sentiment: Citigroup agreed to sell a 24% stake in Banamex to institutional investors, an important step toward a potential IPO of its Mexican unit — a move that could unlock value, improve capital allocation and reduce regional execution risk. Citigroup Agrees to Sell 24% Banamex Stake
• Neutral Sentiment: Analysts are re‑weighing Citigroup’s transformation story versus rivals (Goldman Sachs), which may reshape investor expectations for revenue mix and upside but offers no single near‑term catalyst. Goldman or Citigroup: Which Transformation Story Is More Compelling?
• Neutral Sentiment: Citi Group entities notified several Australian companies that they ceased to be substantial holders — routine balance‑sheet/portfolio adjustments by institutional desks with limited direct impact on Citi’s core operating results. Citi Group Entities Cease to Be Substantial Holder in Weebit Nano
• Negative Sentiment: Option flow showed modestly bearish positioning in Citigroup (puts > calls, elevated implied volatility), signaling some traders expect near‑term downside or larger intraday moves — a technical headwind for sentiment. Option traders moderately bearish in Citi
• Negative Sentiment: The White House is considering requiring banks to collect citizenship data for customers — a policy under discussion that could raise compliance costs, onboarding friction and political/regulatory uncertainty for large banks including Citi. White House Weighs Requiring Citizenship Checks for Bank Customers

Insiders Place Their Bets

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s stock in a transaction dated 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 owned 45,835 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Up 4.4%

Shares of NYSE C opened at $114.35 on Thursday. The business has a 50 day simple moving average of $116.75 and a 200 day simple moving average of $105.88. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The stock has a market cap of $200.04 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping the consensus estimate 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%. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on C shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research report on Thursday, January 15th. UBS Group reissued a “neutral” rating and issued a $132.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. Morgan Stanley set a $152.00 target price on Citigroup in a research note on Tuesday, February 17th. HSBC reiterated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Fourteen research analysts have rated the stock with 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 $127.25.

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.