Banque Pictet & Cie SA Grows Stake in Citigroup Inc. $C

Banque Pictet & Cie SA lifted its position in Citigroup Inc. (NYSE:C) by 39.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,717 shares of the company’s stock after purchasing an additional 25,156 shares during the quarter. Banque Pictet & Cie SA’s holdings in Citigroup were worth $10,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Citigroup by 166.9% during the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after acquiring an additional 1,669 shares in the last quarter. United Bank bought a new stake in shares of Citigroup during the 2nd quarter valued at about $972,000. VestGen Advisors LLC boosted its position in shares of Citigroup by 45.4% during the 2nd quarter. VestGen Advisors LLC now owns 5,857 shares of the company’s stock valued at $499,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Citigroup by 238.4% during the second quarter. Panagora Asset Management Inc. now owns 177,567 shares of the company’s stock worth $15,115,000 after purchasing an additional 125,093 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Breakingviews argues Citi is a prime candidate to spur big‑bank M&A, which could unlock strategic value and boost takeover / consolidation speculation around the stock. Citi is a prime candidate to revive big-bank M&A
• Positive Sentiment: Citi CEO Jane Fraser was named to the Federal Reserve Board of Governors’ Federal Advisory Council (NY Fed), raising Citi’s regulatory and policymaker profile — a credibility boost for investors. Citi CEO Jane Fraser Joins Federal Reserve Advisory Council for NY Fed
• Positive Sentiment: Recent earnings history and analyst commentary point to continued upside: Citi beat EPS in January and Zacks highlights the stock outpacing market gains, supporting expectations for further beats. Citigroup (C) Outpaces Stock Market Gains
• Positive Sentiment: Macro tailwind: reports that hostilities with Iran may be winding down reduced geopolitical risk—an immediate catalyst for banks, and cited by press as a reason for today’s rally. Why Is Citigroup (C) Stock Rocketing Higher Today
• Neutral Sentiment: Dividend and relative strength: coverage pieces note Citi’s ~2.2% yield and recent outperformance vs. markets, which supports income‑oriented and momentum flows but isn’t a fundamental rerating on its own. This Dividend Stock Has Been Steady Amid the Iran War
• Neutral Sentiment: Citi research activity (analyst target changes at other companies) and occasional institutional filing updates are ongoing but have limited direct impact on Citi’s share price today. Citi trims Micron target price
• Negative Sentiment: Bearish/hold views on valuation and mixed margin outlook persist in some commentary (e.g., Seeking Alpha’s caution on margins and valuation), which could cap upside until clearer margin improvement or buybacks are visible. Citigroup: Hold On Mixed Margins And Valuation Outlook

Citigroup Stock Performance

Shares of NYSE C opened at $115.42 on Thursday. The stock’s 50-day moving average is $112.71 and its 200 day moving average is $108.41. The stock has a market cap of $201.91 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.73 and a beta of 1.11. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. 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 (NYSE:C) last issued its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Citigroup’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

Insider Activity

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on C. Royal Bank Of Canada restated an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. The Goldman Sachs Group lifted their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, TD Cowen restated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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.