First American Trust FSB Has $14.96 Million Stock Position in Citigroup Inc. $C

First American Trust FSB boosted its holdings in shares of Citigroup Inc. (NYSE:C) by 30.0% in the 3rd quarter, Holdings Channel reports. The firm owned 147,366 shares of the company’s stock after buying an additional 34,033 shares during the period. Citigroup accounts for about 1.1% of First American Trust FSB’s holdings, making the stock its 24th largest position. First American Trust FSB’s holdings in Citigroup were worth $14,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Citigroup during the 2nd quarter worth $2,455,929,000. Bank of New York Mellon Corp raised its stake in Citigroup by 17.6% during the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Citigroup by 6,172.0% in the third quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after acquiring an additional 2,858,481 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Citigroup by 440.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,835,767 shares of the company’s stock valued at $186,330,000 after purchasing an additional 1,496,125 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Citigroup by 47.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock valued at $368,945,000 after purchasing an additional 1,393,865 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 4.6%

NYSE C opened at $110.67 on Tuesday. The firm has a market capitalization of $198.02 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. The business’s 50-day moving average price is $116.72 and its two-hundred day moving average price is $105.71. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi has signed agreements to sell a 24% stake in Banamex to institutional investors and family offices for roughly $2.5 billion — the transaction delivers immediate cash, reduces direct country/asset exposure and is a concrete step toward Citi’s planned Banamex IPO, which can improve capital flexibility and de-risk the group. Citi signs deal to sell 24% equity stake in Banamex
• Neutral Sentiment: Reports (FT / Seeking Alpha / Bloomberg) show Citi is continuing staged stake sales in Banamex ahead of an IPO — this signals management is executing a predictable exit plan, but valuation and timing of a full IPO remain uncertain and will determine the ultimate shareholder benefit. Citi to sell another stake in Mexico’s Banamex ahead of IPO
• Negative Sentiment: Financial-sector weakness is pressuring Citi along with peers — a late-afternoon pullback in financial stocks is amplifying downward moves in C, driven by macro risk aversion and rate/earnings concerns. Sector Update: Financial Stocks Decline Late Afternoon
• Negative Sentiment: Security disruptions in Mexico after the killing of a cartel leader have led to travel advisories and localized chaos; this raises short-term operational and reputational risks for Banamex and could complicate IPO timing/valuation if market access or branch operations are affected. U.S. asks citizens in Mexico to shelter after cartel leader killed
• Negative Sentiment: Analyst commentary flags interest-rate swings as a material risk to Citi’s net interest income and profitability — a reminder that macro/rate path still threatens bank earnings even as Citi monetizes non-core assets. How Interest Rate Swings Threaten Citigroup’s Net Interest Income and Profitability

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction on 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 directly owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wolfe Research reissued an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a research note on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research note on Thursday, January 15th. HSBC restated a “buy” rating and set a $87.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group lifted their price target on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

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.