Yousif Capital Management LLC Reduces Holdings in Citigroup Inc. $C

Yousif Capital Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 9.0% in the 4th quarter, Holdings Channel reports. The firm owned 234,262 shares of the company’s stock after selling 23,272 shares during the period. Yousif Capital Management LLC’s holdings in Citigroup were worth $26,425,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Elmwood Wealth Management Inc. grew its holdings in Citigroup by 1.3% in the 4th quarter. Elmwood Wealth Management Inc. now owns 6,845 shares of the company’s stock valued at $799,000 after buying an additional 85 shares in the last quarter. Park Place Capital Corp grew its holdings in Citigroup by 16.7% in the 4th quarter. Park Place Capital Corp now owns 595 shares of the company’s stock valued at $69,000 after buying an additional 85 shares in the last quarter. LeConte Wealth Management LLC grew its holdings in Citigroup by 3.9% in the 4th quarter. LeConte Wealth Management LLC now owns 2,502 shares of the company’s stock valued at $292,000 after buying an additional 94 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Citigroup by 0.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 15,411 shares of the company’s stock valued at $1,870,000 after buying an additional 97 shares in the last quarter. Finally, Boltwood Capital Management grew its holdings in Citigroup by 2.6% in the 4th quarter. Boltwood Capital Management now owns 3,893 shares of the company’s stock valued at $454,000 after buying an additional 98 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the company’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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and kept a Buy stance — a prominent shop increasing its target can attract flows and give the stock near-term upside. The Goldman Sachs Group Raises Citigroup Price Target
• Positive Sentiment: Axis Capital extended a $300M credit facility with Citibank Europe — a direct commercial banking revenue and relationship win that supports fee and lending activity in EMEA. Axis Capital Extends Credit Facility With Citibank Europe
• Positive Sentiment: Market commentary highlighting Citigroup’s macro call — Citi has pushed out its forecast for Fed rate cuts to September, implying a longer period of higher rates that typically boosts bank net interest income. That research-driven narrative is supportive for bank earnings expectations. Citigroup Delays Fed Rate Cut Timeline to September
• Neutral Sentiment: Citi is pushing to grow its wealth-management franchise and recruit bankers to close gaps with rivals — a strategic positive long term but likely involves near-term hiring costs and execution risk. Citi Races to Close Gap With Rivals in Wealth
• Neutral Sentiment: Street expectations and previews (Zacks, Seeking Alpha) position Citi for a solid Q1 — that sets up potential upside if results beat, but also raises the bar for the report. Citigroup Earnings Preview (Zacks)
• Negative Sentiment: JPMorgan trimmed its price target modestly (from $134 to $131) despite keeping an Overweight rating — a small analyst downgrade that can temper some upside momentum. JPMorgan Lowers Citigroup Price Target
• Negative Sentiment: Ongoing geopolitical risk in the Middle East keeps market volatility and trading headwinds elevated, which can pressure investment-banking and markets revenue for large global banks like Citi even as higher rates help NII. Fragile U.S.-Iran Ceasefire Sparks Market Relief (CNBC)

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Morgan Stanley set a $152.00 target price on Citigroup in a report on Tuesday, February 17th. JPMorgan Chase & Co. dropped their target price on Citigroup from $134.00 to $131.00 and set an “overweight” rating for the company in a report on Tuesday. HSBC restated a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. Finally, TD Cowen restated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Citigroup Stock Performance

Shares of Citigroup stock opened at $116.84 on Wednesday. Citigroup Inc. has a 52 week low of $56.07 and a 52 week high of $125.16. The business’s fifty day simple moving average is $112.83 and its 200-day simple moving average is $108.87. The firm has a market cap of $204.40 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.74 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating 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 business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders 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 2.1%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s dividend payout ratio is 34.43%.

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.