Whittier Trust Co. Sells 14,205 Shares of Citigroup Inc. $C

Whittier Trust Co. decreased its position in shares of Citigroup Inc. (NYSE:C) by 39.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,844 shares of the company’s stock after selling 14,205 shares during the quarter. Whittier Trust Co.’s holdings in Citigroup were worth $2,135,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMB Wealth Management boosted its position in shares of Citigroup by 4.1% during the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company’s stock worth $266,000 after acquiring an additional 103 shares in the last quarter. Tritonpoint Wealth LLC boosted its holdings in shares of Citigroup by 2.1% in the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company’s stock valued at $506,000 after purchasing an additional 104 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its stake in shares of Citigroup by 3.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 3,117 shares of the company’s stock valued at $265,000 after purchasing an additional 109 shares during the last quarter. Highline Wealth Partners LLC raised its holdings in shares of Citigroup by 35.3% during the 3rd quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock worth $42,000 after buying an additional 109 shares in the last quarter. Finally, Fullcircle Wealth LLC lifted its position in shares of Citigroup by 0.9% during the 2nd quarter. Fullcircle Wealth LLC now owns 13,097 shares of the company’s stock worth $1,206,000 after buying an additional 111 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Investors remain focused on Citigroup’s recent upside in profitability: the bank beat on quarterly EPS (reported Jan. 14) which supports the view that core earnings and capital returns can hold up even as revenue mixes shift. (Earnings beat remains a near‑term supportive driver.)
• Positive Sentiment: Industry compensation data show banks including Citigroup are boosting investment‑banker bonuses ~20%, which can be read as a sign of healthy deal flow and trading/IB revenue across large banks — a potential tailwind for Citigroup’s investment‑banking franchise. UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20%
• Neutral Sentiment: Regulatory / payments news could shift the long‑run card economics for banks: a proposed swipe‑fee amendment was reportedly held back from markup, which moderates immediate downside risk to card revenue but keeps the regulatory variable in play. Sen. Marshall to cut card fees provision in crypto bill markup: Report
• Negative Sentiment: Legal and reputational risk: a former Citi wealth executive has sued the bank alleging the mishandling of sexual‑harassment claims. This could generate headline risk, potential legal costs and reputational pressure if the case expands or uncovers systemic issues. Former Citigroup executive sues bank over handling of sexual harassment claims – Financial Times
• Negative Sentiment: Firm risk disclosure: Citigroup publicly warned it’s concerned about a potential “volatility event” from rising rates — signaling the bank sees exposure in positions that could be hurt by sudden rate moves or trading‑desk dislocations. That warning can cap investor enthusiasm and increase perceived downside risk to trading and markets revenue. Citigroup is worried about a ‘volatility event’ triggered by rising rates

Citigroup Trading Down 0.2%

NYSE C opened at $114.60 on Tuesday. The business’s 50-day moving average price is $112.37 and its two-hundred day moving average price is $102.44. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $205.05 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17.

Citigroup (NYSE:C) last released its 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 the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.40 annualized dividend and a yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and set a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $124.00 in a research note on Friday, December 12th. Truist Financial boosted their target price on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.56.

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.