Cambria Investment Management L.P. Buys Shares of 10,034 Citigroup Inc. $C

Cambria Investment Management L.P. bought a new position in Citigroup Inc. (NYSE:C) in the third quarter, HoldingsChannel reports. The institutional investor bought 10,034 shares of the company’s stock, valued at approximately $1,018,000.

Several other hedge funds have also recently modified their holdings of the business. Wolff Wiese Magana LLC lifted its holdings in shares of Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares in the last quarter. Dunhill Financial LLC increased its holdings in Citigroup by 92.2% in the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after buying an additional 153 shares in the last quarter. Guerra Advisors Inc purchased a new position in Citigroup in the 3rd quarter worth about $33,000. Howard Hughes Medical Institute bought a new position in Citigroup during the 2nd quarter valued at about $34,000. Finally, Capital A Wealth Management LLC bought a new position in Citigroup during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi could benefit if regulators ease capital requirements — the Fed’s proposal to relax some capital rules would improve return-on-equity and capital flexibility across big banks, supporting bank stocks including C. Fed proposes easing capital rules for major banks
• Positive Sentiment: Analyst/media pieces are highlighting Citigroup as a bank that can “thrive” in a choppy market — favorable coverage can attract buyers and support multiple expansion. Citigroup and 5 More Bank Stocks Set to Thrive in a Choppy Market
• Positive Sentiment: Citi’s own research activity (e.g., initiating coverage with upbeat ratings) signals ongoing franchise strength in institutional research/trading, which can support fee revenue and client flows. Citigroup initiates coverage on this electric vehicle manufacturer with a rare buy rating
• Neutral Sentiment: Citi’s research desk is recalibrating crypto outlooks (lower 12‑month crypto targets and trims across crypto stocks) — a prudent risk-management stance that could reduce trading volatility but also signals caution around crypto exposure. Citigroup quietly trims most crypto stocks, except one surprise pick
• Neutral Sentiment: Citi macro calls (e.g., predicting Brent crude at $110–$120/bbl) add market context — higher oil can pressure inflation and rates, which has mixed implications for bank earnings and trading revenue. Citi sees Brent rising to $110–120/bbl in the coming days
• Negative Sentiment: Executive turnover — reports that CFO Mark Mason plans to leave by year‑end create short‑term governance/transition uncertainty; investors often discount banks around senior leadership changes. Citi’s Mason plans to leave by year’s end, gunning for a CEO role – report
• Negative Sentiment: Macro headwinds persist — the Fed’s pause but “higher-for-longer” inflation messaging keeps pressure on near-term loan growth and trading; analysts flagged banks sliding after the Fed update, which could cap upside for C. Fed Keeps Rates Steady Amid Rising Inflation: What it Means for Banks

Insiders Place Their Bets

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on C. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. HSBC restated a “buy” rating and set a $87.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a report on Monday, January 5th. Barclays lifted their target price on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Piper Sandler set a $135.00 target price on shares of Citigroup in a research note on Thursday, January 15th. 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, the company has an average rating of “Moderate Buy” and an average target price of $127.25.

Citigroup Trading Up 1.1%

Shares of Citigroup stock opened at $109.85 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The company has a fifty day moving average of $113.57 and a 200 day moving average of $107.40. The company has a market capitalization of $192.17 billion, a P/E ratio of 15.76, a P/E/G ratio of 0.69 and a beta of 1.17.

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

Citigroup Announces Dividend

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