Cambria Investment Management L.P. Makes New Investment in Citigroup Inc. $C

Key Points

• Cambria Investment Management bought a new position in Citigroup during Q3 — 10,034 shares valued at about $1.02 million.
• Insider Cantu Ernesto Torres sold 43,173 shares at an average of $111.09 (≈$4.8 million), cutting his ownership by 48.5%; insiders now hold 0.08% of the stock.
• Wall Street sentiment is constructive: the consensus rating is "Moderate Buy" with a $127.25 price target, and Citi recently beat EPS estimates ($1.81 vs. $1.65) while paying a ~2.2% yield.

Cambria Investment Management L.P. bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,034 shares of the company's stock, valued at approximately $1,018,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company's stock worth $14,117,313,000 after buying an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Citigroup by 1.0% in the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company's stock valued at $3,645,084,000 after acquiring an additional 411,894 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Citigroup by 2.7% during the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company's stock worth $3,353,612,000 after acquiring an additional 879,056 shares during the period. Franklin Resources Inc. raised its holdings in Citigroup by 2.2% during the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company's stock worth $2,748,571,000 after purchasing an additional 679,967 shares in the last quarter. Finally, Norges Bank acquired a new stake in Citigroup in the second quarter valued at about $2,455,929,000. 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: Citigroup added to the banking lineup for the potential SpaceX IPO — this could translate into meaningful fee revenue and a high‑visibility mandate that supports investor sentiment. Citigroup Joins SpaceX IPO Process
• Positive Sentiment: Morgan Stanley’s recent public endorsement and renewed focus on Citigroup’s profitability targets and cost cuts is helping re‑rate the stock as investors track margin improvement and return‑on‑equity progress. Assessing Citigroup (C) Valuation After Morgan Stanley Endorsement And Profitability Push
• Positive Sentiment: Analyst coverage is constructive — Zacks highlights Citigroup as a top‑ranked growth stock under its style scores, which can attract momentum and quant flows. Citigroup (C) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Citi signed a long‑term lease for new premium office space in Luxembourg (The Rock, Cloche d’Or), signaling continued international operations investment and stable client footprint in Europe. Citi chooses The Rock in Cloche d’Or
• Neutral Sentiment: Citi strategists flagged that surging European natural gas raises inflation and equities risks — a macro note that could influence trading and rates desks but is not a firm‑specific operational change. Surging European natural gas prices are an inflation worry, not just a commodities story - analyst
• Neutral Sentiment: Following a recent volatility event, Citi says it is cutting risk across several macro positions — a prudent risk‑management move that may reduce short‑term trading P&L but preserves capital. Geopolitical shock prompts risk reduction - Citi
• Negative Sentiment: A current Citi banker has filed a sexual‑harassment lawsuit and criticized the bank’s internal investigations unit, creating reputational and potential legal exposure that investors should monitor for settlements, regulatory scrutiny, or governance fallout. Citi banker suing for sexual harassment slams firm’s investigation unit as ‘internal hit squad’

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the firm's stock in a transaction 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 approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen reissued a "hold" rating on shares of Citigroup in a research note on Wednesday, January 7th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Barclays boosted their target price on shares of Citigroup from $115.00 to $146.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. Oppenheimer increased their price target on shares of Citigroup from $141.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, January 15th. Finally, Truist Financial raised their price objective on shares of Citigroup from $123.00 to $129.00 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

Citigroup Trading Up 0.5%

NYSE:C opened at $111.34 on Thursday. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $116.21 and a 200-day simple moving average of $106.50. The company has a market capitalization of $194.77 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion for 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 firm's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. On average, equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup's dividend payout ratio (DPR) is 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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