Artemis Investment Management LLP Reduces Stake in Citigroup Inc. $C

Key Points

• Artemis Investment Management LLP trimmed its stake in Citigroup by 5.1% in Q4, selling 61,025 shares and holding 1,133,786 shares worth about $132.3 million, making Citigroup its 17th-largest position.
• Citigroup beat expectations with $3.06 EPS versus $2.63 expected and revenue of $24.63 billion (up 14.1% year-over-year), and it declared a $0.60 quarterly dividend (1.9% yield) while MarketBeat shows a consensus "Moderate Buy" and $136.79 average price target.
• Institutional ownership is high at 71.72% — Vanguard owns 163.24 million shares (~$19.05 billion) — but insiders have sold roughly 92,318 shares (~$10.8 million) in the last 90 days, reflecting mixed signals between large holders and recent insider selling.

Artemis Investment Management LLP decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,133,786 shares of the company's stock after selling 61,025 shares during the period. Citigroup accounts for 1.6% of Artemis Investment Management LLP's investment portfolio, making the stock its 17th largest position. Artemis Investment Management LLP owned about 0.06% of Citigroup worth $132,301,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in C. Vanguard Group Inc. raised its holdings in shares of Citigroup by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Capital World Investors raised its holdings in shares of Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company's stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company's stock valued at $3,353,612,000 after acquiring an additional 879,056 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Citigroup by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company's stock valued at $3,336,362,000 after acquiring an additional 580,027 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Citigroup by 17.6% in 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 acquiring an additional 4,211,099 shares in the last quarter. 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: JPMorgan raised its price target on Citi and assigned an "overweight" rating, implying upside from current levels — a buy-side pillar that can support the stock. Benzinga
• Positive Sentiment: Unusually large call-option buying: traders bought roughly 125,853 Citi calls (about +68% vs. average), signaling short-term bullish positioning from options market participants — this can lift implied volatility and near-term demand for shares.
• Positive Sentiment: Strategic hires and expansion: Citi continues to add senior bankers in Asia and other units to boost cross-border M&A and infrastructure capabilities, which supports revenue growth prospects. Bloomberg: Shukla hire
• Positive Sentiment: Citi is advancing its planned disinvestment from Banamex with new investors on board, reducing legacy-country risk and helping clean up the balance sheet over time. Mexico News Daily
• Positive Sentiment: Recognition in digital assets: Citi received institutional nomination for digital asset adoption, supporting its positioning in tokenization and custody services — a potential long-term revenue stream. BeInCrypto
• Neutral Sentiment: Citi research commentary (e.g., on gold) and routine regulatory/participation notices are being circulated but are unlikely to move the stock materially on their own.
• Negative Sentiment: Reputational/legal risk: media reports about Citi hiring ex-JPMorgan banker Vis Raghavan (and a $52M payout despite past allegations) are drawing attention and could be a governance/reputational overhang for some investors. Inc.
• Negative Sentiment: Macro/geopolitical volatility — including Japan's FX intervention (sharp yen moves) and recent Middle East developments — raises trading and market-risk uncertainty; that can pressure bank stocks via trading revenue swings and risk-off flows. Bloomberg/Yahoo

Wall Street Analyst Weigh In

C has been the topic of several recent analyst reports. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Wells Fargo & Company raised their price target on Citigroup from $160.00 to $162.00 and gave the company an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on Citigroup from $131.00 to $140.00 and gave the company an "outperform" rating in a report on Wednesday, April 15th. Evercore set a $139.00 price target on Citigroup in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $136.79.

Insider Activity at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup 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. The trade was a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,318 shares of company stock worth $10,764,814 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

Citigroup Price Performance

Shares of C stock opened at $127.44 on Friday. The firm has a market cap of $218.55 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.57 and a beta of 1.14. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99. The business's 50 day moving average price is $117.01 and its 200-day moving average price is $112.16. Citigroup Inc. has a fifty-two week low of $69.17 and a fifty-two week high of $135.29.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the company posted $1.96 earnings per share. The firm's revenue was up 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Citigroup Inc. will post 10.66 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. Citigroup's payout ratio is currently 29.74%.

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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