Citigroup Inc. $C Stock Position Cut by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC trimmed its stake in shares of Citigroup Inc. (NYSE:C) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,371 shares of the company’s stock after selling 4,842 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Citigroup were worth $10,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in C. Norges Bank acquired a new position in shares of Citigroup during the second quarter valued at approximately $2,455,929,000. Bank of New York Mellon Corp lifted its position in Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after purchasing an additional 4,211,099 shares during the period. Bessemer Group Inc. increased its position in shares of Citigroup by 6,172.0% during the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock valued at $294,838,000 after purchasing an additional 2,858,481 shares during the period. Jupiter Asset Management Ltd. increased its position in shares of Citigroup by 440.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,835,767 shares of the company’s stock valued at $186,330,000 after purchasing an additional 1,496,125 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after buying an additional 1,393,865 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s 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 sale, the insider 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

C has been the subject of several research reports. Wolfe Research reaffirmed an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a research note on Monday, January 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.25.

Citigroup Price Performance

C stock opened at $109.01 on Friday. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The firm has a 50-day moving average of $115.95 and a two-hundred day moving average of $106.52. The firm has a market capitalization of $190.69 billion, a PE 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The business had revenue of $19.87 billion for 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 firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were issued a $0.60 dividend. The ex-dividend date 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 presently 34.43%.

Trending Headlines about Citigroup

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

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.