Edgar Lomax Co. VA Has $50.48 Million Position in Citigroup Inc. $C

Edgar Lomax Co. VA lowered its stake in Citigroup Inc. (NYSE:C) by 22.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 497,375 shares of the company’s stock after selling 144,945 shares during the period. Citigroup makes up approximately 4.0% of Edgar Lomax Co. VA’s holdings, making the stock its 5th biggest position. Edgar Lomax Co. VA’s holdings in Citigroup were worth $50,484,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC lifted its holdings in Citigroup by 87.6% in 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 lifted its stake in shares of Citigroup by 92.2% in 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 shares of Citigroup during the 3rd quarter worth $33,000. Howard Hughes Medical Institute acquired a new position in Citigroup in the 2nd quarter valued at $34,000. Finally, Legacy Investment Solutions LLC acquired a new position in Citigroup in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Roundup

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

Citigroup Price Performance

Shares of NYSE:C opened at $109.01 on Friday. The firm has a market capitalization of $190.69 billion, a PE ratio of 15.64, a PEG ratio of 0.71 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. The business’s 50 day moving average is $115.95 and its 200-day moving average is $106.52.

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

Citigroup Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. Morgan Stanley set a $152.00 target price on shares of Citigroup in a research report on Tuesday, February 17th. Oppenheimer boosted their price objective on Citigroup from $141.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. HSBC reaffirmed a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and set a $132.00 price target on shares of Citigroup in a report on Thursday, January 15th. Finally, Piper Sandler set a $135.00 price objective on Citigroup in a research report on Thursday, January 15th. Fourteen investment 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.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is 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.