Citigroup Inc. $C Shares Sold by Prana Capital Management LP

Prana Capital Management LP lessened its holdings in Citigroup Inc. (NYSE:C) by 14.5% during the third quarter, HoldingsChannel reports. The firm owned 932,846 shares of the company’s stock after selling 158,469 shares during the quarter. Citigroup accounts for 3.2% of Prana Capital Management LP’s holdings, making the stock its 9th largest position. Prana Capital Management LP’s holdings in Citigroup were worth $94,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wolff Wiese Magana LLC lifted its position in shares of Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Dunhill Financial LLC boosted its stake in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Guerra Advisors Inc bought a new position in Citigroup in the third quarter valued at about $33,000. Howard Hughes Medical Institute bought a new position in Citigroup in the second quarter valued at about $34,000. Finally, Capital A Wealth Management LLC acquired a new position in Citigroup during the second quarter worth about $38,000. Institutional investors own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on C. Wolfe Research restated an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. HSBC reissued a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a research note on Wednesday, January 7th. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a research report on Monday, January 5th. Finally, Barclays boosted their target price on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Citigroup Stock Performance

NYSE:C opened at $107.73 on Wednesday. The stock’s 50-day moving average is $114.04 and its 200-day moving average is $107.37. 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 1.00 and a debt-to-equity ratio of 1.63. The stock has a market cap of $188.45 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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 business 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 earned $1.34 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction on Friday, February 13th. The shares were 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi is opening a large Charlotte office and adding hundreds of jobs, a sign of ongoing investment in operations and talent that supports middle- and back-office capacity for global banking and markets activity. Banking giant opens Ballantyne office, adding over 500 jobs in Charlotte
• Positive Sentiment: Citi’s research/coverage business remains active (example: initiating coverage of Nebius Group NV), which underpins recurring research/IB client work and visibility across sectors. Citigroup initiates coverage of Nebius Group NV (NBIS) with buy recommendation
• Neutral Sentiment: Research notes from Citi (and peers) flag a potential peak in energy-stock rallies — useful market intelligence but not a direct driver of Citi’s own fundamentals; could affect trading volumes and client flows in energy-related desks. Jefferies and Citi Spot a Potential Top in Soaring Energy Stocks
• Negative Sentiment: Citi Research cut its 12‑month price targets for Bitcoin and Ethereum, citing stalled U.S. legislation, weaker ETF inflows and softer network activity — a development that could mute crypto-related trading and ETF flow commissions that banks and trading desks hoped to capture. Multiple outlets covered the downgrade. Citigroup cuts 12-month bitcoin, ether targets as US crypto legislation stalls
• Negative Sentiment: Regional tensions (Iran war) have forced Citi to keep most UAE branches closed and prompted broader Citi Research warnings about macro and market risks (e.g., cuts to India/Nifty targets), which raise operational and market risk concerns in affected geographies. Citi to keep most UAE branches closed indefinitely due to Iran war

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.