Rathbones Group PLC Sells 6,111 Shares of Citigroup Inc. $C

Rathbones Group PLC decreased its holdings in Citigroup Inc. (NYSE:C) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,172 shares of the company’s stock after selling 6,111 shares during the quarter. Rathbones Group PLC’s holdings in Citigroup were worth $20,091,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Capital World Investors lifted its position in shares of Citigroup by 6.5% during the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after purchasing an additional 2,871,074 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Citigroup by 2.7% in the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock worth $3,353,612,000 after purchasing an additional 879,056 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Citigroup by 1.8% during the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company’s stock worth $3,336,362,000 after acquiring an additional 580,027 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Citigroup by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock valued at $2,854,788,000 after purchasing an additional 4,211,099 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Citigroup by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,176,320 shares of the company’s stock valued at $1,292,923,000 after purchasing an additional 535,950 shares during the period. 71.72% of the stock is owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’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 transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 and reiterated a “buy” rating — a direct analyst catalyst that boosts investor demand by implying ~17% upside from recent levels. Benzinga
• Positive Sentiment: Citigroup declared a quarterly dividend of $0.60 per share (record May 4, payable May 22) — increases cash return visibility and supports income-focused ownership. (Company announcement)
• Positive Sentiment: Citigroup itself pushed back its Fed rate‑cut forecast, now expecting cuts to start in September — a later cut schedule implies higher interest rates for longer, which generally supports banks’ net interest margins and near‑term profitability. TipRanks
• Neutral Sentiment: Industry outlook: analysts expect major U.S. banks (including Citigroup) to deliver broadly in‑line to slightly better Q1 results — supportive overall but keeps focus on Citigroup’s specific revenue mix and trading/loan trends. ProactiveInvestors
• Negative Sentiment: Wider macro and geopolitical risks (inflation concerns and Middle East tensions) are being flagged by Fed officials and markets — these raise volatility and could weigh on fee businesses, trading revenue and investor sentiment even if higher rates help margins. Blockonomi

Citigroup Stock Performance

Shares of Citigroup stock opened at $117.25 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $205.11 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.74 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 firm’s 50-day moving average is $112.79 and its 200 day moving average is $108.77.

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. The business had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s dividend payout ratio is currently 34.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Jefferies Financial Group started coverage on shares of Citigroup in a report on Thursday, March 26th. They set a “buy” rating and a $135.00 target price on the stock. UBS Group restated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $127.59.

Citigroup Profile

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.