Cramer Rosenthal Mcglynn LLC Has $2.07 Million Holdings in Citigroup Inc. $C

Cramer Rosenthal Mcglynn LLC cut its position in Citigroup Inc. (NYSE:C) by 29.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,391 shares of the company’s stock after selling 8,704 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Citigroup were worth $2,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its stake in shares of 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 increased its position in Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Guerra Advisors Inc bought a new stake in Citigroup in the third quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new stake in Citigroup in the second quarter valued at approximately $34,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the second quarter valued at approximately $38,000. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 2.1%

NYSE C opened at $109.01 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. The company has a market cap of $190.69 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.71 and a beta of 1.17. The company has a 50 day moving average of $115.95 and a 200-day moving average of $106.52. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16.

Citigroup (NYSE:C) last issued its quarterly 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. The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s payout ratio is 34.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research note on Thursday, January 15th. UBS Group reaffirmed a “neutral” rating and set a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Oppenheimer increased their price target on shares of Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Truist Financial upped their target price on Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $127.25.

More Citigroup News

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

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction dated 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 sale, the insider owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

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.