Citigroup Inc. $C Position Trimmed by ProVise Management Group LLC

ProVise Management Group LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,335 shares of the company’s stock after selling 10,256 shares during the period. Citigroup comprises 1.4% of ProVise Management Group LLC’s portfolio, making the stock its 19th largest holding. ProVise Management Group LLC’s holdings in Citigroup were worth $19,116,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in C. Brighton Jones LLC boosted its stake in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Citigroup by 20.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after acquiring an additional 1,669 shares in the last quarter. United Bank acquired a new position in shares of Citigroup in the second quarter worth $972,000. Vestmark Advisory Solutions Inc. increased its stake in shares of Citigroup by 36.1% in the second quarter. Vestmark Advisory Solutions Inc. now owns 9,101 shares of the company’s stock worth $775,000 after acquiring an additional 2,415 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in shares of Citigroup by 6.0% during the second quarter. KCM Investment Advisors LLC now owns 7,995 shares of the company’s stock worth $681,000 after acquiring an additional 456 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the business’s 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 of the company’s stock, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of NYSE C opened at $106.58 on Monday. The business’s 50-day simple moving average is $115.67 and its 200-day simple moving average is $106.79. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The firm has a market cap of $186.44 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 0.68 and a beta of 1.17.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were paid a $0.60 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on C. UBS Group restated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a research note on Thursday, January 15th. HSBC reiterated a “buy” rating and set a $87.00 price target on shares of Citigroup in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their price target on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a research report on Monday, January 5th. Finally, Truist Financial lifted their target price on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.25.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi participated in a strategic investment in Adaptive (alongside HSBC), signaling continued corporate focus on capital-markets technology and partnerships that could support fee and tech-led growth. Adaptive announces strategic investment from HSBC and Citi
• Positive Sentiment: Investor write-ups highlight Citigroup as an attractive dividend option, reinforcing income-focused demand for the stock among yield-seeking investors. Citigroup (C) Could Be a Great Choice
• Positive Sentiment: Market commentators and some strategists are flagging banks as buyable after recent sell-offs, which supports sector-level interest in large U.S. banks like Citi if volatility stabilizes. War selloffs are buying opportunities, history shows; Jyotivardhan Jaipuria backs banks, trims IT
• Neutral Sentiment: Citi’s institutional units have filed notices exiting substantial-holder status in a few smaller Australian names — routine portfolio/flow activity that can affect localized volumes but is unlikely to move Citi’s share price materially. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Citigroup’s own market commentary has warned that stock-market volatility is set to continue amid the Middle East shock — a caution that can exacerbate risk-off flows out of banks and financials. Stock market volatility set to continue, warns Citi
• Negative Sentiment: Negative press and legal risk surfaced after a Citi banker filed a sexual-harassment suit criticizing the firm’s internal investigation unit; such reputational and legal headlines can pressure sentiment and prompt investor caution. Citi banker suing for sexual harassment slams firm’s investigation unit

Citigroup Company 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.