Legal & General Group Plc Grows Position in Citigroup Inc. $C

Legal & General Group Plc increased its position in shares of Citigroup Inc. (NYSE:C) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 13,844,014 shares of the company’s stock after acquiring an additional 219,100 shares during the period. Legal & General Group Plc’s holdings in Citigroup were worth $1,405,167,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brookstone Capital Management increased its stake in Citigroup by 31.5% during the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after acquiring an additional 18,176 shares during the last quarter. Permanent Capital Management LP bought a new stake in shares of Citigroup in the 3rd quarter valued at approximately $1,238,000. Donaldson Capital Management LLC bought a new stake in shares of Citigroup in the 3rd quarter valued at approximately $58,994,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of Citigroup by 61.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after purchasing an additional 21,720 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in shares of Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after purchasing an additional 16,171 shares during the period. 71.72% of the stock is 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 company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the transaction, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on C shares. Wells Fargo & Company set a $150.00 price target on Citigroup in a report on Monday, January 5th. UBS Group reiterated a “neutral” rating and set a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group upped their price target on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.25.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Unusual bullish options flow: traders bought a large block of call options (93,383 contracts, ~25% above the daily average), signaling short-term bullish positioning or hedging by institutional players that can lift near-term demand for the shares.
• Positive Sentiment: Zacks upgraded Citigroup to a Rank #2 (Buy), citing improved earnings prospects — analyst upgrades can attract fresh inflows and support price momentum. All You Need to Know About Citigroup (C) Rating Upgrade to Buy
• Positive Sentiment: TradeSmith flagged Citigroup in its “Green Zone” for financial health, reinforcing investor perception of balance-sheet strength and supporting dividend/total-return narratives. 3 Non-Tech Stocks in TradeSmith’s Green Zone for Financial Health (C)
• Positive Sentiment: Product/technology innovation: Citi issued the first digitally native structured note on Euroclear’s D-FMI DLT platform — a signal that the bank is leveraging new infrastructure for capital-markets and wealth-management clients, which could support fee revenue growth. Citi Issues Inaugural Digitally Native Structured Note on Euroclear’s D-FMI DLT Platform
• Neutral Sentiment: Advisory role on M&A: Bloomberg reports Blackstone working with Citi on a revived sale of ShyaHsin Packaging — a recurring advisory engagement can boost fee income but is transaction-dependent. Blackstone Is Said to Work With Citi on Revived Sale of ShyaHsin Packaging
• Neutral Sentiment: Industry/regulatory backdrop: Reports that traditional banks may challenge OCC crypto charter approvals highlight ongoing regulatory friction in fintech/crypto policy — a sector-level risk that could influence Citi if it ramps crypto activity or advisory work. Traditional Banks Consider Lawsuit Against OCC Over Crypto Charter Approvals
• Neutral Sentiment: Stablecoin ecosystem funding: large raises for payments/crypto firms (e.g., Kast) show continued fintech competition and infrastructure build — both potential partners and competitors for bank services. Stablecoin payments firm Kast raises $80M at $600M valuation: Report
• Negative Sentiment: Reputational/ESG concern: Citi posted the largest fall among banks in a global gender ranking, which could draw investor scrutiny on diversity and governance metrics and pressure ESG-focused funds or corporate reputation. Citi suffers largest fall among banks in global gender ranking

Citigroup Stock Performance

C stock opened at $106.62 on Tuesday. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16. The firm has a market cap of $186.52 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.68 and a beta of 1.17. The business’s fifty day simple moving average is $115.45 and its two-hundred day simple moving average is $106.89. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last issued its earnings results 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. The firm had revenue of $19.87 billion during 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%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. Analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 2nd. 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.