Citigroup Inc. $C is Causeway Capital Management LLC's 10th Largest Position

Key Points

• Causeway Capital trimmed its Citigroup stake by 20.8% in Q3, selling 261,900 shares and leaving 998,078 shares (about 0.06% of the company) — Citi is Causeway's 10th-largest holding, valued near $101.3 million.
• Citigroup beat EPS expectations ($1.81 vs. $1.65) but missed revenue estimates, and it pays a $0.60 quarterly dividend (≈2.3% yield with a ~34% payout ratio).
• Wall Street views are broadly constructive: 14 Buys vs. 5 Holds, a MarketBeat consensus of "Moderate Buy" and a $127.25 average price target, with several recently raised analyst targets.

Causeway Capital Management LLC cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 20.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 998,078 shares of the company's stock after selling 261,900 shares during the period. Citigroup accounts for 1.3% of Causeway Capital Management LLC's holdings, making the stock its 10th biggest position. Causeway Capital Management LLC owned about 0.06% of Citigroup worth $101,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Citigroup by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 13,844,014 shares of the company's stock valued at $1,405,167,000 after acquiring an additional 219,100 shares during the period. Sienna Gestion acquired a new position in Citigroup in the 3rd quarter worth about $7,091,000. LGT Group Foundation boosted its position in Citigroup by 6.0% during the third quarter. LGT Group Foundation now owns 308,688 shares of the company's stock worth $30,471,000 after purchasing an additional 17,496 shares in the last quarter. PFG Advisors acquired a new stake in Citigroup in the third quarter valued at approximately $346,000. Finally, Vinva Investment Management Ltd increased its position in shares of Citigroup by 12.0% in the third quarter. Vinva Investment Management Ltd now owns 157,534 shares of the company's stock valued at $16,251,000 after buying an additional 16,908 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Zacks upgraded Citigroup to a Buy (Zacks Rank #2), which often triggers short-term inflows and coverage-related buying from retail and quant screens. All You Need to Know About Citigroup (C) Rating Upgrade to Buy
• Positive Sentiment: Unusually large call-option buying was reported (≈93,383 calls, ~25% above average), signalling speculative or hedge-driven bullish positioning that can amplify upside into near-term expiries.
• Positive Sentiment: Citi issued a digitally native structured note on Euroclear’s D‑FMI DLT platform — a visible example of product innovation and growth in the wealth-management and capital-markets business lines. Citi Issues Inaugural Digitally Native Structured Note on Euroclear's D-FMI DLT Platform
• Positive Sentiment: Reports say Blackstone is working with Citi on a revived sale of ShyaHsin Packaging — indicative of ongoing M&A/advisory mandates that can boost fees and trading flows. Blackstone Is Said to Work With Citi on Revived Sale of ShyaHsin Packaging
• Positive Sentiment: TradeSmith’s health indicator recently included Citigroup among non-tech names in its "Green Zone," supporting a constructive view on Citigroup’s financial health. 3 Non-Tech Stocks in TradeSmith's Green Zone for Financial Health (C)
• Neutral Sentiment: Some brokerages collectively rate Citi as a "Moderate Buy" — steady, but not uniformly bullish enough to drive a larger re-rate on its own. Citigroup Inc. NYSE: C Given Average Rating of "Moderate Buy" by Brokerages
• Neutral Sentiment: Citi group entities notified Bapcor that holdings fell below the substantial‑holder threshold — a routine ownership update with limited direct impact on Citi’s core business. Citi Group Entities Fall Below Substantial Holder Threshold in Bapcor
• Neutral Sentiment: Wider Middle East conflict is driving higher energy prices and market volatility — a mixed macro backdrop for banks (higher rates can help net interest income, but volatility and recession risk can hurt credit and trading). Asia’s Fuel Crunch Forces Four-Day Weeks and School Closures
• Negative Sentiment: Citi suffered the largest fall among banks in a global gender ranking — a reputational/ESG negative that could affect investor perception and long-term flows from ESG-focused funds. Citi suffers largest fall among banks in global gender ranking
• Negative Sentiment: Industry friction over crypto bank charters — the Bank Policy Institute is weighing legal action against the OCC — underscores regulatory uncertainty that could raise compliance costs or slow industry initiatives, creating a broader headwind for big banks. US banking lobby considers suing OCC over crypto bank charters: Report

Wall Street Analysts Forecast Growth

C has been the subject of several research analyst reports. Truist Financial upped their target price on Citigroup from $123.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Wells Fargo & Company set a $150.00 price target on shares of Citigroup in a report on Monday, January 5th. Oppenheimer upped their price objective on shares of Citigroup from $141.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, January 15th. UBS Group reaffirmed a "neutral" rating and set a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research note on Wednesday, January 21st. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

Citigroup Trading Up 0.1%

Shares of C stock opened at $106.62 on Tuesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The stock's fifty day moving average is $115.45 and its two-hundred day moving average is $106.89. The firm has a market capitalization of $186.52 billion, a P/E ratio of 15.30, a PEG ratio of 0.68 and a beta of 1.17.

Citigroup (NYSE:C - Get Free Report) last released 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 analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company'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 earnings per share. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Insiders Place Their Bets

In other Citigroup 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 transaction, the insider directly 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 document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company 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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