Provident Living Financial Services Inc. Makes New Investment in Citigroup Inc. $C

Provident Living Financial Services Inc. bought a new position in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,157 shares of the company’s stock, valued at approximately $6,553,000. Citigroup comprises about 6.2% of Provident Living Financial Services Inc.’s investment portfolio, making the stock its 4th largest holding.

Several other large investors also recently bought and sold shares of C. Wolff Wiese Magana LLC grew its position in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of Citigroup by 92.2% in the 3rd 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 last quarter. Guerra Advisors Inc purchased a new stake in shares of Citigroup in the 3rd quarter valued at $33,000. Capital A Wealth Management LLC purchased a new stake in shares of Citigroup in the 2nd quarter valued at $38,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Citigroup in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

C opened at $123.54 on Thursday. 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 firm has a fifty day moving average price of $113.02 and a 200 day moving average price of $108.97. Citigroup Inc. has a 1 year low of $56.07 and a 1 year high of $125.16. The stock has a market cap of $216.11 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.74 and a beta of 1.11.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the previous year, the business posted $1.34 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, May 4th. Citigroup’s payout ratio is currently 34.43%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Geopolitical relief: global markets rallied after a U.S.–Iran ceasefire reduced haven demand and pushed oil lower, easing a key downside risk for bank earnings and credit stress — a broad market tailwind for big banks like Citi. Dollar Erases 2026 Gains
• Positive Sentiment: Bank earnings season kickoff: Zacks notes JPMorgan, Citigroup and Wells Fargo start the March-quarter reporting cycle on April 14; the sector rebound after the ceasefire has raised expectations that banks may report resilience. What Can Investors Expect from Bank Earnings?
• Positive Sentiment: Fundamental/strategic support: market commentary highlights Citi’s relative strength during the conflict and its sticky global treasury & trade franchise — a structural revenue source that could lead Citi to outperform on a recovery. The War Won’t Last Forever
• Positive Sentiment: Analyst support: Goldman Sachs raised its price target on C to $137, signaling more upside from institutional coverage; smaller estimate bumps (Erste Group nudging FY26 EPS) add to the constructive analyst tone. Goldman Sachs Raises Citi Price Target Erste Group Estimate Note
• Neutral Sentiment: Street nuance: JPMorgan trimmed its Citi price target slightly (still “overweight”), a reminder analyst views vary — this is a modest signal rather than a change in conviction. Benzinga: JPMorgan PT Change
• Neutral Sentiment: Citi research stance: Citi pushed out the expected Fed rate?cut timeline to September in recent notes — a longer-for-higher-rates scenario can help bank net interest margins but also risks slower growth; impact is ambiguous near term. Citi Delays Fed Cut Timeline
• Neutral Sentiment: Business execution moves: Citi is tightening targets for private/wealth bankers and pressing to close gaps with rivals — positive for medium?term revenue but may pressure near-term comp/expenses. Citi Tougher Targets for Private Bankers
• Positive Sentiment: Client activity example: Citi-backed commercial activity continues (e.g., Axis Capital extended a $300M facility with Citibank Europe), highlighting ongoing client franchise strength. Axis Capital Credit Facility
• Negative Sentiment: Macro/earnings risk still present: investors will watch upcoming CPI/PCE prints and Citi’s April 14 earnings — sticky inflation or a revenue miss could reverse the relief rally, so headline risk remains. Inflation & Dividend Strategy
• Negative Sentiment: Broader geopolitical risk: commentators (e.g., Ray Dalio coverage) warn of prolonged conflict risk — if tensions re?escalate the earlier relief could fade quickly, pressuring bank multiples. Ray Dalio Warns on Prolonged Conflict

Insider Activity

In related 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 value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on C. Barclays upped their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Jefferies Financial Group began coverage on shares of Citigroup in a report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of Citigroup from $123.00 to $137.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

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.