Tevis Investment Management Sells 5,069 Shares of Citigroup Inc. $C

Tevis Investment Management lowered its position in Citigroup Inc. (NYSE:C) by 26.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,989 shares of the company’s stock after selling 5,069 shares during the period. Tevis Investment Management’s holdings in Citigroup were worth $1,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in shares of Citigroup by 31.5% in the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after acquiring an additional 18,176 shares in the last quarter. Permanent Capital Management LP bought a new stake in Citigroup during the third quarter worth $1,238,000. Donaldson Capital Management LLC bought a new stake in Citigroup during the third quarter worth $58,994,000. Penobscot Investment Management Company Inc. boosted its position in Citigroup by 61.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after purchasing an additional 21,720 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after purchasing an additional 16,171 shares during the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Wolfe Research restated an “outperform” rating and set a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. Barclays raised their price objective on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, The Goldman Sachs Group lifted 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. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $127.25.

Citigroup Stock Performance

Shares of C opened at $108.57 on Thursday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $125.16. 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 stock’s fifty day moving average price is $113.79 and its two-hundred day moving average price is $107.38. The firm has a market cap of $189.92 billion, a PE ratio of 15.58, a PEG ratio of 0.69 and a beta of 1.17.

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

Citigroup Announces Dividend

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

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Barron’s included Citigroup among bank stocks likely to “thrive” in a choppy market, which can boost investor sentiment and attract flows into the stock. Citigroup and 5 More Bank Stocks Set to Thrive in a Choppy Market
• Positive Sentiment: Citigroup research expects Brent crude to jump toward $110–$120/bbl as supply risks from the Middle East intensify — higher oil often lifts trading revenues, energy‑sector M&A and corporate banking fees for big banks like Citi. Citi sees Brent rising to $110–120/bbl in the coming days
• Positive Sentiment: Fed’s pause and messaging of a “higher‑for‑longer” rate path (and similar central‑bank caution globally) supports bank net interest margins and reduces immediate rate‑cut risk — a tailwind for bank profitability expectations. US Stock Market | War, Oil, and Rates: Fed’s pause sets stage for choppy markets
• Neutral Sentiment: Citi trimmed its 12‑month price targets for Bitcoin and Ethereum, citing slower U.S. legislation and softer ETF inflows — this is a research/product update that may modestly reduce crypto‑related trading volumes but is unlikely to move core banking metrics materially. Citigroup Reduces Bitcoin and Ethereum Forecasts as ETF Inflows Slow in US
• Neutral Sentiment: The Bank of Japan held rates and signaled caution amid inflation risks — another macro datapoint contributing to volatile markets; its direct impact on U.S. bank earnings is limited but it supports the narrative of elevated global rate uncertainty. Bank of Japan Holds Rates as Inflation Risks Mount
• Negative Sentiment: Senior finance executive Mark Mason is leaving Citigroup to pursue a CEO role elsewhere — leadership turnover at a major bank can raise near‑term uncertainty around execution and investor confidence. He’s Leaving Citigroup to Be a CEO. Can He Land the Big Job?

Insiders Place Their Bets

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated 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 owned 45,835 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is owned by corporate 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.