Citigroup Inc. $C Shares Sold by Manhattan West Asset Management LLC

Key Points

• Manhattan West Asset Management LLC cut its stake in Citigroup by 21.4%, selling 15,622 shares and leaving 57,419 shares valued at about $6.7 million, making Citi its 20th-largest holding.
• Citigroup beat expectations with $3.06 EPS (vs. $2.63) and $24.63 billion in revenue (up 14.1% YoY), and declared a quarterly dividend of $0.60 per share (ex-dividend May 4, payable May 22).
• Insiders sold roughly 92,318 shares in the last quarter (~$10.8M), while analysts remain broadly positive — MarketBeat shows a "Moderate Buy" consensus and an average price target of $136.79, with institutional ownership at 71.72%.

Manhattan West Asset Management LLC lessened its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 21.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,419 shares of the company's stock after selling 15,622 shares during the period. Citigroup comprises 1.4% of Manhattan West Asset Management LLC's investment portfolio, making the stock its 20th biggest holding. Manhattan West Asset Management LLC's holdings in Citigroup were worth $6,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC grew its holdings in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Citigroup during the 4th quarter worth approximately $28,000. Dunhill Financial LLC grew its holdings in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company's stock worth $32,000 after acquiring an additional 153 shares in the last quarter. Guerra Advisors Inc acquired a new position in Citigroup during the 3rd quarter worth approximately $33,000. Finally, MH & Associates Securities Management Corp ADV acquired a new position in Citigroup during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citi and assigned an "overweight" rating, implying upside from current levels — a buy-side pillar that can support the stock. Benzinga
• Positive Sentiment: Unusually large call-option buying: traders bought roughly 125,853 Citi calls (about +68% vs. average), signaling short-term bullish positioning from options market participants — this can lift implied volatility and near-term demand for shares.
• Positive Sentiment: Strategic hires and expansion: Citi continues to add senior bankers in Asia and other units to boost cross-border M&A and infrastructure capabilities, which supports revenue growth prospects. Bloomberg: Shukla hire
• Positive Sentiment: Citi is advancing its planned disinvestment from Banamex with new investors on board, reducing legacy-country risk and helping clean up the balance sheet over time. Mexico News Daily
• Positive Sentiment: Recognition in digital assets: Citi received institutional nomination for digital asset adoption, supporting its positioning in tokenization and custody services — a potential long-term revenue stream. BeInCrypto
• Neutral Sentiment: Citi research commentary (e.g., on gold) and routine regulatory/participation notices are being circulated but are unlikely to move the stock materially on their own.
• Negative Sentiment: Reputational/legal risk: media reports about Citi hiring ex-JPMorgan banker Vis Raghavan (and a $52M payout despite past allegations) are drawing attention and could be a governance/reputational overhang for some investors. Inc.
• Negative Sentiment: Macro/geopolitical volatility — including Japan's FX intervention (sharp yen moves) and recent Middle East developments — raises trading and market-risk uncertainty; that can pressure bank stocks via trading revenue swings and risk-off flows. Bloomberg/Yahoo

Citigroup Trading Down 0.4%

Shares of Citigroup stock opened at $127.44 on Friday. The company has a fifty day simple moving average of $117.01 and a 200-day simple moving average of $112.16. Citigroup Inc. has a 12-month low of $69.17 and a 12-month high of $135.29. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59. The stock has a market cap of $218.55 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.57 and a beta of 1.14.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion during the quarter, compared to analysts' expectations of $22.96 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Citigroup Inc. will post 10.66 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. Citigroup's dividend payout ratio is currently 29.74%.

Wall Street Analysts Forecast Growth

Several research firms have commented on C. TD Cowen reiterated a "hold" rating on shares of Citigroup in a report on Wednesday, January 7th. Piper Sandler restated an "overweight" rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Oppenheimer upped their target price on shares of Citigroup from $132.00 to $144.00 and gave the company an "outperform" rating in a report on Wednesday, April 15th. HSBC restated a "buy" rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group upped their target price on shares of Citigroup from $137.00 to $151.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $136.79.

Insiders Place Their Bets

In related news, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cantu Ernesto Torres sold 43,173 shares of the 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 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 92,318 shares of company stock valued at $10,764,814. 0.11% of the stock is owned by company insiders.

Citigroup 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.