Citigroup Inc. $C Stock Position Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 15.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 110,145 shares of the company’s stock after buying an additional 14,876 shares during the quarter. Park Avenue Securities LLC’s holdings in Citigroup were worth $12,853,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wolff Wiese Magana LLC grew its position in Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Guerra Advisors Inc acquired a new position in shares of Citigroup during the third quarter valued at approximately $33,000. GoalVest Advisory LLC raised its holdings in Citigroup by 57.2% during the fourth quarter. GoalVest Advisory LLC now owns 393 shares of the company’s stock worth $46,000 after purchasing an additional 143 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in Citigroup during the third quarter worth approximately $40,000. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction that occurred on 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 of the company’s stock, 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 legal filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Performance

Shares of NYSE C opened at $109.46 on Friday. The stock’s fifty day simple moving average is $113.33 and its 200 day simple moving average is $107.49. The stock has a market capitalization of $191.47 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.70 and a beta of 1.17. 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 Inc. has a 52-week low of $55.51 and a 52-week high of $125.16.

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 analysts’ consensus estimates of $1.65 by $0.16. The business had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. As a group, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased 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. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. UBS Group reaffirmed a “neutral” rating and set a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus target price of $127.25.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Senate/industry chatter suggests a tentative deal between banking and crypto groups could be announced, potentially clearing the path for the long-stalled CLARITY Act. Regulatory clarity on crypto could unlock custody, trading and advisory opportunities for large banks that are building crypto businesses, a potential upside for Citigroup’s institutional franchises. CNBC Teases Deal Between Banks And Crypto For Long-Awaited Market Structure Bill
• Positive Sentiment: The Federal Reserve has proposed easing certain capital rules for major banks under the Basel III Endgame framework. Reduced capital burdens or more flexible requirements could improve return-on-equity and dividend/buyback capacity for large banks including Citigroup. Fed proposes easing capital rules for major banks
• Positive Sentiment: Analyst commentary: Barron’s included Citigroup among several banks that could thrive in a choppy market, highlighting relative value in the sector — a supportive narrative for longer-term investor interest in C. Citigroup and 5 More Bank Stocks Set to Thrive in a Choppy Market
• Neutral Sentiment: Citi’s research desk is active — the bank recently initiated coverage on an electric-vehicle manufacturer with a rare buy rating. This showcases Citi’s advisory/research strengths that can support investment-banking fees, but is not an immediate earnings driver for the bank itself. Citigroup initiates coverage on this electric vehicle manufacturer with a rare buy rating
• Neutral Sentiment: Citigroup analysts trimmed price targets on several crypto-related stocks while keeping a surprise pick; reflects a cautious institutional view on crypto asset prices (affects research credibility and client flows but not direct bank P&L immediately). Citigroup quietly trims most crypto stocks, except one surprise pick
• Negative Sentiment: The Fed’s decision to hold rates while signaling higher-for-longer inflation has pressured bank stocks broadly (near-term hit to trading and credit dynamics). That macro backdrop can weigh on Citigroup’s quarterly revenue mix and investor sentiment. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks
• Negative Sentiment: Leadership news: a report says Citi executive Mason plans to leave by year-end while pursuing a CEO role elsewhere — any senior departures can create short-term uncertainty on strategy and succession until clarity emerges. Citi’s Mason plans to leave by year’s end, gunning for a CEO role – report

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.