Chevy Chase Trust Holdings LLC Sells 47,032 Shares of Citigroup Inc. $C

Key Points

• Chevy Chase Trust trimmed its stake in Citigroup by 4.7%, selling 47,032 shares and leaving it with 947,050 shares worth about $96.1 million (≈0.05% of the company) at quarter-end.
• Citigroup recently reported $1.81 EPS (beat) and $19.87B revenue (miss), pays a quarterly dividend of $0.60 (2.3% yield), and carries a consensus analyst rating of “Moderate Buy” with a $127.25 price target.
• News flow is mixed: management/insider activity includes an insider sale (~$4.8M) and a congressional disclosure of a ~$275K purchase, while operational risk rose after Citigroup evacuated Dubai offices amid reported threats.

Chevy Chase Trust Holdings LLC trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 947,050 shares of the company's stock after selling 47,032 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Citigroup worth $96,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its stake in Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock valued at $26,000 after acquiring an additional 120 shares during the period. Dunhill Financial LLC lifted its holdings in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company's stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Guerra Advisors Inc bought a new position in Citigroup during the third quarter worth $33,000. Cloud Capital Management LLC bought a new position in Citigroup during the third quarter worth $40,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Citigroup in the second quarter valued at $34,000. 71.72% of the stock is currently owned by institutional investors.

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 Analysts Forecast Growth

Several equities analysts have recently weighed in on C shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. JPMorgan Chase & Co. lifted their target price on shares of Citigroup from $130.00 to $134.00 and gave the stock an "overweight" rating in a report on Monday, February 9th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a research note on Monday, January 5th. Truist Financial increased their price target on shares of Citigroup from $123.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Finally, UBS Group restated a "neutral" rating and set a $132.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

Citigroup Price Performance

Citigroup stock opened at $105.65 on Friday. The firm has a market cap of $184.82 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. 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's fifty day moving average price is $114.66 and its two-hundred day moving average price is $107.15. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16.

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

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were paid a $0.60 dividend. 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 payout ratio is 34.43%.

Insiders Place Their Bets

In related 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 completion of the sale, the insider owned 45,835 shares of the company's stock, valued at $5,091,810.15. This represents 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 the SEC website. 0.08% of the stock is owned by corporate insiders.

About Citigroup

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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