Ameriprise Financial Inc. Trims Position in Citigroup Inc. $C

Key Points

• Ameriprise Financial trimmed its Citigroup stake by 1.4% in Q3, selling 217,067 shares and leaving it with 14,959,253 shares worth about $1.52 billion (≈0.84% of the company).
• Insider sale: Cantu Ernesto Torres sold 43,173 shares at an average price of $111.09 on Feb. 13, cutting his position by 48.5%; company insiders now own just 0.08% of Citigroup.
• Company performance & outlook: Citigroup beat EPS estimates ($1.81 vs. $1.65) but missed revenue expectations, pays a $0.60 quarterly dividend (2.3% yield), and has a consensus "Moderate Buy" with an average target of $127.25.

Ameriprise Financial Inc. lessened its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,959,253 shares of the company's stock after selling 217,067 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.84% of Citigroup worth $1,519,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC boosted its holdings in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Dunhill Financial LLC raised 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 purchasing an additional 153 shares in the last quarter. Guerra Advisors Inc purchased a new stake in shares of Citigroup in the 3rd quarter worth about $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Citigroup in the 2nd quarter worth about $34,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Citigroup during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm'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 completion of the transaction, the insider owned 45,835 shares of the company's stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Up 0.1%

Shares of NYSE C opened at $105.65 on Friday. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $125.16. 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 firm has a 50-day moving average of $114.66 and a 200 day moving average of $107.15. The stock has a market cap of $184.82 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup's dividend payout ratio (DPR) is 34.43%.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Reported insider buying — Rep. Jonathan Jackson disclosed a purchase of up to ~$275K of Citigroup stock, which can be interpreted by some investors as a signal of confidence from an insider-related actor and may provide modest demand support. Recent Report Shows That Rep. Jonathan Jackson Bought Up to $275K Worth of Citigroup Stock
• Positive Sentiment: Execution/innovation milestone — Citi issued its first digitally native structured note via Euroclear’s D‑FMI platform, showcasing product innovation and potential fee/revenue opportunities in wholesale and wealth businesses. That can bolster investor sentiment around Citi’s capital markets capabilities. Citigroup (C) Issues First Digitally Native Structured Note via Euroclear
• Positive Sentiment: Research reputation — Citigroup ranked highly on growth-factor grades among S&P financial holdings and continues to publish influential calls (e.g., upgrades elsewhere). Strong research can support fee business and market influence. Citigroup and Goldman Sachs top growth factor grades among S&P financial holdings
• Neutral Sentiment: Analyst activity — Citi’s research team stuck by coverage/ratings on defense names amid the Iran war and upgraded names like LyondellBasell; these moves matter more to those specific sectors than to Citi’s immediate P&L, though they illustrate active deal and research flow. Citigroup sticks by three missile and defense companies as Iran war rages
• Neutral Sentiment: Talent/industry spinout — An ex‑Citi CIO has launched an AI‑driven wealth manager. Startup activity highlights Citi alumni influence but is unlikely to materially affect Citi’s near‑term earnings. David Bailin: Armed With AI, an Ex-Citi CIO Strives to Shake Up the Industry
• Negative Sentiment: Operational/security risk — Citi instructed staff to evacuate several Dubai/UAE buildings and move to remote work after reported Iranian threats to Western banks. That raises short‑term operational disruption risk, potential security costs, and investor concern about regional exposure. Citigroup Dubai Evacuation Puts Operational Risks And Valuation In Focus
• Negative Sentiment: Recent price weakness context — Coverage summarizing why Citi shares fell more than the market earlier this week points to sector pressure and geopolitical risk; that context still weighs on sentiment and can amplify volatility around Citi. Here's Why Citigroup (C) Fell More Than Broader Market

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on C shares. JPMorgan Chase & Co. boosted their price target on shares of Citigroup from $130.00 to $134.00 and gave the company an "overweight" rating in a research report on Monday, February 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Wells Fargo & Company set a $150.00 target price on Citigroup in a report on Monday, January 5th. HSBC reissued a "buy" rating and issued a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Wolfe Research restated an "outperform" rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.25.

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.

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