Longfellow Investment Management Co. LLC Trims Stock Holdings in Citigroup Inc. $C

Longfellow Investment Management Co. LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 46.3% in the third quarter, HoldingsChannel reports. The fund owned 12,084 shares of the company’s stock after selling 10,415 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Citigroup were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in Citigroup by 14.3% during the third quarter. Crossmark Global Holdings Inc. now owns 352,499 shares of the company’s stock valued at $35,779,000 after purchasing an additional 44,097 shares in the last quarter. KCM Investment Advisors LLC raised its position in shares of Citigroup by 3.2% during the 3rd quarter. KCM Investment Advisors LLC now owns 8,253 shares of the company’s stock valued at $838,000 after purchasing an additional 258 shares during the period. Advisory Alpha LLC lifted its stake in shares of Citigroup by 79.7% during the 3rd quarter. Advisory Alpha LLC now owns 8,721 shares of the company’s stock valued at $849,000 after buying an additional 3,869 shares in the last quarter. Cambria Investment Management L.P. bought a new position in Citigroup in the 3rd quarter worth $1,018,000. Finally, Insigneo Advisory Services LLC boosted its holdings in Citigroup by 3.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 28,535 shares of the company’s stock worth $2,896,000 after buying an additional 873 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

NYSE:C opened at $109.01 on Friday. The business’s 50-day moving average is $115.95 and its 200 day moving average is $106.52. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. The company has a market capitalization of $190.69 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.71 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.16. The business had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, February 2nd. Citigroup’s payout ratio is currently 34.43%.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the 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 completion of the transaction, the insider owned 45,835 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is on the banker roster for the potential SpaceX IPO, which would be a large, fee-generating mandate if it proceeds — a vote of confidence for Citi’s investment-banking pipeline. Citigroup Joins SpaceX IPO Process
• Positive Sentiment: MarketBeat/TradeSmith notes Citigroup remains in a “Green Zone” for financial health (strong metrics, earnings beats track record), supporting longer-term upside versus peers. This underpins analyst upside targets cited elsewhere. 3 Non-Tech Stocks in TradeSmith’s Green Zone
• Positive Sentiment: Citi participated in a strategic investment into trading-technology firm Adaptive alongside HSBC — a sign Citi is investing in capital-markets tech and potential future trading/execution product advantages. Adaptive announces strategic investment
• Neutral Sentiment: Citi research is flagging sustained market volatility from the Middle East conflict and higher gas prices as possible inflation/earnings headwinds — useful for framing macro risk but not a direct Citi-specific operational item. Stock market volatility set to continue, warns Citi
• Neutral Sentiment: Citi has trimmed or exited substantial‑holder positions in small Australian names (administrative holdings disclosures) — routine portfolio housekeeping with minimal direct impact on U.S. share value. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Legal/reputational risk: a current lawsuit from a Citi banker alleging sexual harassment and criticizing the bank’s investigation unit has drawn media attention — this could create reputational noise and potential legal costs. Citi banker suing for sexual harassment

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Barclays raised 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. Piper Sandler set a $135.00 target price on Citigroup in a research report on Thursday, January 15th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. TD Cowen restated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.25.

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.