DNB Asset Management AS Increases Stock Position in Citigroup Inc. $C

DNB Asset Management AS grew its position in shares of Citigroup Inc. (NYSE:C) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,714,144 shares of the company’s stock after purchasing an additional 24,707 shares during the period. Citigroup makes up approximately 0.6% of DNB Asset Management AS’s investment portfolio, making the stock its 27th biggest position. DNB Asset Management AS’s holdings in Citigroup were worth $173,986,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in C. Wolff Wiese Magana LLC grew its holdings in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Guerra Advisors Inc bought a new position in shares of Citigroup during the 3rd quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new position in shares of Citigroup during the 2nd quarter valued at approximately $34,000. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup in the second quarter valued at $38,000. Finally, Capital A Wealth Management LLC bought a new stake in Citigroup in the second quarter worth $38,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.08% of the company’s stock.

Citigroup Trading Up 1.6%

NYSE C opened at $116.16 on Friday. The company’s 50-day moving average price is $116.81 and its 200-day moving average price is $105.96. 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 stock has a market cap of $203.20 billion, a PE ratio of 16.67, a PEG 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 $125.16.

Citigroup (NYSE:C) last announced its quarterly earnings data 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 company had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi has formed an AI infrastructure team to advise and finance the build‑out of data centers and other AI infrastructure, targeting an estimated $3 trillion opportunity by 2030 — a potential long‑term source of advisory fees and lending volume. Citigroup forms AI infrastructure team to capture data center boom – Bloomberg
• Positive Sentiment: BlackRock appointed Citi Investor Services to provide select middle‑office services for $4.0 trillion of U.S. iShares ETFs on Aladdin — a meaningful institutional mandate that can boost custody/servicing revenues and strengthen client relationships. BlackRock Appoints Citi to Provide Select ETF Middle Office Services on Aladdin
• Positive Sentiment: Citi committed $60 billion to affordable‑housing investments, nearly doubling its pace in the sector — a strategic capital deployment that supports recurring lending, tax‑credit and structured‑finance businesses while enhancing ESG credentials. Citi Commits $60B To Affordable Housing, Nearly Doubling Pace Of Sector Investment
• Positive Sentiment: Citi made a strategic investment in Japan’s Sakana AI — reinforcing its push into AI partnerships and local dealflow in Asia. Such minority/strategic stakes can seed future advisory or financing engagements. Citigroup invests in Japan’s Sakana AI
• Neutral Sentiment: Analyst and media attention: Citi is a “trending” stock on Zacks/Yahoo and has recent analyst support (e.g., Piper Sandler reiterated Overweight and lifted targets earlier), which can amplify flows and volatility but is not an immediate earnings change. Citigroup Inc. (C) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Option activity showed some bearish positioning recently (puts leading calls, higher implied vol), which can increase short‑term downside risk if sentiment shifts or news disappoints. Option traders moderately bearish in Citi with shares down 1.7%

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Truist Financial increased their price target on shares of Citigroup from $123.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. lifted their price target on Citigroup from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.