Viking Fund Management LLC Sells 15,000 Shares of Citigroup Inc. $C

Viking Fund Management LLC trimmed its holdings in Citigroup Inc. (NYSE:C) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,000 shares of the company’s stock after selling 15,000 shares during the quarter. Citigroup makes up about 1.6% of Viking Fund Management LLC’s portfolio, making the stock its 13th biggest position. Viking Fund Management LLC’s holdings in Citigroup were worth $13,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Onyx Bridge Wealth Group LLC boosted its stake in shares of Citigroup by 3.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the period. Fullcircle Wealth LLC lifted its holdings in Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock valued at $1,206,000 after buying an additional 111 shares in the last quarter. Binnacle Investments Inc boosted its position in Citigroup by 6.5% in the 2nd quarter. Binnacle Investments Inc now owns 1,847 shares of the company’s stock valued at $157,000 after buying an additional 113 shares during the period. Secure Asset Management LLC grew its stake in Citigroup by 3.7% in the 2nd quarter. Secure Asset Management LLC now owns 3,290 shares of the company’s stock worth $280,000 after acquiring an additional 118 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in Citigroup by 10.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,243 shares of the company’s stock worth $106,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: U.S. Federal Reserve has terminated formal supervisory notices that had required Citi to fix longstanding trading risk and control weaknesses — a meaningful removal of regulatory constraints that lowers compliance costs and recapitalization uncertainty. Read More.
• Positive Sentiment: The OCC has reduced a regulatory mandate tied to Citi’s risk-management systems, further easing the bank’s supervisory burden and signaling improved regulator confidence in Citi’s remediation progress. Read More.
• Positive Sentiment: Bloomberg Law reports Citi has shed a penalty related to risk and compliance — another headline that removes a prior overhang on capital and reputation. Read More.
• Positive Sentiment: Large, unusual call-option buying — about 117,314 calls traded (≈+47% vs. average) — suggests traders are positioning for further upside or a positive catalysts around earnings/regulatory momentum. (Market activity entry)
• Positive Sentiment: Truist raised its price target to $123 and left a Buy rating, providing fresh analyst support and incremental demand for the shares. Read More.
• Positive Sentiment: Analysts expect a strong quarter: previews flag an anticipated double-digit EPS rise next quarter, which creates an earnings catalyst if Citi delivers in-line or above. Read More.
• Neutral Sentiment: Citi’s research group set a 12‑month Bitcoin forecast of $143,000 — a bullish crypto view that could support fees and trading revenue if ETF adoption continues, but it’s indirect to Citi’s core bank earnings. Read More.
• Neutral Sentiment: Citi struck a multi‑year partnership with LSEG to standardize enterprise data and boost efficiency — operationally positive but a longer‑term productivity story rather than an immediate earnings driver. Read More.
• Negative Sentiment: Some commentary argues Citi is “no longer the value play it once was,” highlighting valuation re-rating risk and the need for continued execution to justify higher multiples — a cautionary view that could cap upside if growth disappoints. Read More.

Citigroup Price Performance

Shares of C stock opened at $114.79 on Friday. The company has a market cap of $205.39 billion, a P/E ratio of 16.12, a PEG ratio of 0.57 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day moving average is $102.83 and its 200 day moving average is $95.68. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $115.61.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.89 by $0.35. The business had revenue of $22.09 billion during the quarter, compared to analyst estimates of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 earnings per share. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s payout ratio is 33.71%.

Analysts Set New Price Targets

C has been the subject of a number of research reports. Truist Financial boosted their price target on Citigroup from $112.00 to $123.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research reissued an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Wednesday. JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $107.00 to $124.00 in a research note on Friday, December 12th. TD Cowen upped their price objective on shares of Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $118.00 target price on shares of Citigroup in a report on Tuesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $114.50.

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.