USA Financial Formulas Reduces Stake in Citigroup Inc. $C

USA Financial Formulas cut its stake in Citigroup Inc. (NYSE:C) by 44.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,956 shares of the company’s stock after selling 5,660 shares during the quarter. USA Financial Formulas’ holdings in Citigroup were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elmwood Wealth Management Inc. raised its stake in Citigroup by 1.3% during the fourth quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock worth $799,000 after purchasing an additional 85 shares during the period. Park Place Capital Corp raised its position in shares of Citigroup by 16.7% during the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after buying an additional 85 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Citigroup by 0.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $1,870,000 after acquiring an additional 97 shares during the last quarter. Boltwood Capital Management grew its position in Citigroup by 2.6% in the fourth quarter. Boltwood Capital Management now owns 3,893 shares of the company’s stock worth $454,000 after acquiring an additional 98 shares during the period. Finally, FMB Wealth Management increased its stake in Citigroup by 4.1% during the third quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

C has been the topic of several recent analyst reports. Barclays upped their price target on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Wolfe Research reiterated an “outperform” rating and set a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. Morgan Stanley set a $152.00 price target on shares of Citigroup in a research note on Tuesday, February 17th. UBS Group restated a “neutral” rating and issued a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Citigroup Stock Performance

NYSE C opened at $107.40 on Friday. The company has a market cap of $187.87 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.69 and a beta of 1.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50-day moving average of $112.90 and a two-hundred day moving average of $108.13. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.16. The business had revenue of $19.87 billion for the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio is currently 34.43%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi’s push into London bullion custody and clearing is a strategic growth move that diversifies fee revenue and positions the bank in a recovering gold market; this expansion can lift non‑interest income over time. Read More.
• Positive Sentiment: Recent analyst actions are supportive: Jefferies initiated coverage with a buy/strong‑buy and Jefferies/Oppenheimer maintain above‑market targets ($135 and $132 noted), which can provide a floor for longer‑term investor demand. Read More. and Read More.
• Neutral Sentiment: Management/headcount moves in Asia (senior banker departures) are being reported; such changes can create short‑term noise but are not yet tied to Citi’s core U.S. earnings outlook. Read More.
• Neutral Sentiment: Citi commentary on payments, stablecoins and digital initiatives signals ongoing strategic investments in fee businesses; these are long‑lead revenue drivers rather than immediate EPS catalysts. Read More.
• Negative Sentiment: Bloomberg reported Citi is weighing a purchase of a large U.S. regional bank or brokerage — a high‑profile M&A rumor that triggered selling due to uncertainty over cost, regulatory scrutiny and potential execution risk. Citi later called the report “baseless speculation,” but the initial leak moved the tape. Read More. and Read More.
• Negative Sentiment: Broad weakness in financials amplified Citigroup’s decline today; the NYSE financial index dropped and traders rotated out of banking names on the headlines, increasing downside pressure. Read More.

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.