California Public Employees Retirement System Purchases 85,928 Shares of Citigroup Inc. $C

Key Points

• California Public Employees Retirement System (CalPERS) boosted its Citigroup stake by 2.5% in Q3, buying 85,928 shares to hold 3,578,435 shares (about 0.20%) valued at roughly $363.2 million.
• Insider Cantu Ernesto Torres sold 43,173 shares on Feb. 13 for about $4.8 million, reducing his position by 48.5%; company insiders now own just 0.08% of Citigroup.
• Analysts have a consensus rating of Moderate Buy with a $127.25 average price target; Citigroup recently beat EPS estimates ($1.81 vs. $1.65) but missed revenue, and pays a $2.40 annual dividend (yield ~2.3%).

California Public Employees Retirement System boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,578,435 shares of the company's stock after buying an additional 85,928 shares during the period. California Public Employees Retirement System owned approximately 0.20% of Citigroup worth $363,211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in C. Brighton Jones LLC boosted its position in shares of Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after acquiring an additional 12,499 shares in the last quarter. Sivia Capital Partners LLC raised its position in Citigroup by 20.5% during the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company's stock valued at $835,000 after purchasing an additional 1,669 shares in the last quarter. United Bank acquired a new position in Citigroup during the second quarter valued at approximately $972,000. Campbell & CO Investment Adviser LLC bought a new stake in Citigroup during the second quarter worth $687,000. Finally, Good Life Advisors LLC boosted its holdings in shares of Citigroup by 6.5% in the 2nd quarter. Good Life Advisors LLC now owns 8,292 shares of the company's stock valued at $706,000 after purchasing an additional 509 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Citigroup

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on C shares. Morgan Stanley set a $152.00 price target on Citigroup in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $118.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, December 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $121.00 target price on shares of Citigroup in a research report on Thursday, January 15th. HSBC reissued a "buy" rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group raised their price target on shares of Citigroup from $113.00 to $127.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

Insider Transactions at Citigroup

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 shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Up 0.1%

NYSE C opened at $105.65 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16. The company has a market cap of $184.82 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The business's fifty day moving average is $114.66 and its 200 day moving average is $107.15.

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

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.3%. Citigroup's dividend payout ratio is currently 34.43%.

Citigroup Company 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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