Citigroup Inc. $C Shares Sold by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management trimmed its Citigroup stake by 36.9% in Q3, selling 10,269 shares and leaving 17,532 shares valued at about $1.78 million.
• Several large institutions increased positions—Vanguard now holds ~165.85 million shares (~$14.12B), Fisher, Geode and Franklin boosted stakes, and Norges Bank initiated a roughly $2.46 billion position; institutional ownership stands at 71.72%.
• Insider Cantu Ernesto Torres sold 43,173 shares at $111.09 (a 48.5% reduction in his holding); analysts maintain a "Moderate Buy" consensus with a $127.25 target while the stock trades near $109 and yields ~2.2%.

Kingsview Wealth Management LLC trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 36.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,532 shares of the company's stock after selling 10,269 shares during the period. Kingsview Wealth Management LLC's holdings in Citigroup were worth $1,780,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of C. Vanguard Group Inc. boosted its holdings in shares of Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company's stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Citigroup by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company's stock valued at $3,645,084,000 after purchasing an additional 411,894 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in 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 purchasing an additional 879,056 shares in the last quarter. Franklin Resources Inc. increased its position in Citigroup by 2.2% during the 2nd 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 during the period. Finally, Norges Bank purchased a new position in shares of Citigroup during the 2nd quarter worth approximately $2,455,929,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred on 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 approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup is on the banker roster for the potential SpaceX IPO, which would be a large, fee-generating mandate if it proceeds — a vote of confidence for Citi’s investment-banking pipeline. Citigroup Joins SpaceX IPO Process
• Positive Sentiment: MarketBeat/TradeSmith notes Citigroup remains in a “Green Zone” for financial health (strong metrics, earnings beats track record), supporting longer-term upside versus peers. This underpins analyst upside targets cited elsewhere. 3 Non-Tech Stocks in TradeSmith's Green Zone
• Positive Sentiment: Citi participated in a strategic investment into trading-technology firm Adaptive alongside HSBC — a sign Citi is investing in capital-markets tech and potential future trading/execution product advantages. Adaptive announces strategic investment
• Neutral Sentiment: Citi research is flagging sustained market volatility from the Middle East conflict and higher gas prices as possible inflation/earnings headwinds — useful for framing macro risk but not a direct Citi-specific operational item. Stock market volatility set to continue, warns Citi
• Neutral Sentiment: Citi has trimmed or exited substantial‑holder positions in small Australian names (administrative holdings disclosures) — routine portfolio housekeeping with minimal direct impact on U.S. share value. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Legal/reputational risk: a current lawsuit from a Citi banker alleging sexual harassment and criticizing the bank’s investigation unit has drawn media attention — this could create reputational noise and potential legal costs. Citi banker suing for sexual harassment

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wells Fargo & Company set a $150.00 price target on Citigroup in a research note on Monday, January 5th. Barclays raised their target price on Citigroup from $115.00 to $146.00 and gave the company an "overweight" rating in a report on Monday, January 5th. Wolfe Research restated an "outperform" rating and set a $141.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Morgan Stanley set a $152.00 price target on shares of Citigroup in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $118.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, December 17th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.25.

Citigroup Trading Down 2.1%

Citigroup stock opened at $109.01 on Friday. The stock has a 50-day moving average price of $115.95 and a 200 day moving average price of $106.52. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $125.16. The stock has a market cap of $190.69 billion, a PE ratio of 15.64, a P/E/G ratio of 0.71 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during 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%. Citigroup's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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