Primecap Management Co. CA Sells 196,900 Shares of Citigroup Inc. $C

Primecap Management Co. CA cut its stake in shares of Citigroup Inc. (NYSE:C) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,590,055 shares of the company’s stock after selling 196,900 shares during the period. Primecap Management Co. CA’s holdings in Citigroup were worth $262,891,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wolff Wiese Magana LLC grew 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 valued at $26,000 after purchasing an additional 120 shares in the last quarter. Guerra Advisors Inc purchased a new position in shares of Citigroup during the third quarter worth about $33,000. Cloud Capital Management LLC bought a new position in shares of Citigroup in the third quarter worth approximately $40,000. Howard Hughes Medical Institute bought a new stake in Citigroup during the second quarter valued at approximately $34,000. Finally, Highline Wealth Partners LLC raised its position in Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after purchasing an additional 109 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the topic of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Oppenheimer increased their price target on shares of Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a research note on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Finally, Barclays boosted their price target on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.25.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup confirmed deals to sell an additional 24% stake in Banamex for about $2.5 billion, advancing its plan to separate and potentially IPO its Mexican retail unit — a cash-raising move that de-risks the business mix and improves capital deployment options. Article Title
• Positive Sentiment: Management has assembled a team to win advisory and lending mandates for the build-out of AI data centers and infrastructure (Citi estimates ~$3 trillion of capital need by 2030) — this could expand fee pools and corporate lending opportunities. Article Title
• Neutral Sentiment: Citigroup entities have exited “substantial holder” positions in several Australian stocks — routine asset-management/market-making portfolio moves that are unlikely to materially affect Citi’s core US banking fundamentals. Article Title
• Neutral Sentiment: Citi analysts/coverage actions and commentary (including comparisons with peers) are generating research flow but not immediate fundamental changes — watch analyst revisions for directional guidance. Article Title
• Neutral Sentiment: Citi reported notes that some hedge-fund clients sold dollars around the Supreme Court tariff ruling — market-flow commentary that reflects client trading activity rather than a Citi-specific credit or earnings event. Article Title
• Negative Sentiment: The White House is considering requiring banks to collect citizenship information for customers, which would raise compliance costs and could create onboarding/retention friction for large banks like Citi if implemented. Article Title
• Negative Sentiment: Options flow shows modestly bearish positioning in C (puts leading calls; elevated implied volatility), signaling some traders expect near-term downside or greater short-term movement — could amplify intraday selling if news turns negative. Article Title

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction dated 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 directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $114.35 on Thursday. The company has a market capitalization of $200.04 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.70 and a beta of 1.18. The business’s 50-day moving average is $116.75 and its 200 day moving average is $105.88. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the company earned $1.34 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

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.