Citigroup Inc. $C Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management trimmed its stake in Citigroup by 15.6% in Q3, selling 217,609 shares and ending the quarter with 1,174,948 shares (about 0.06% of the company) valued at roughly $119.26 million.
• Insider Cantu Ernesto Torres sold 43,173 shares for about $4.8 million (a 48.5% reduction in his holding); institutional investors own about 71.72% of Citigroup while insiders hold roughly 0.08%.
• Analysts are generally positive (14 Buys vs. 5 Holds, consensus target $127.25) and Citigroup recently posted an EPS beat of $1.81 vs. $1.65 consensus, despite revenue missing estimates, and pays a $0.60 quarterly dividend (≈2.2% yield).

Victory Capital Management Inc. trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174,948 shares of the company's stock after selling 217,609 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Citigroup worth $119,257,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its holdings in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Dunhill Financial LLC increased its position 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 purchasing an additional 153 shares during the period. Guerra Advisors Inc acquired a new position in Citigroup during the 3rd quarter worth approximately $33,000. Howard Hughes Medical Institute purchased a new position in shares of Citigroup during the 2nd quarter worth approximately $34,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Added to SpaceX IPO banking roster — being named to the SpaceX IPO bank lineup raises the prospect of sizeable future investment‑banking fees and bolsters Citigroup’s profile in high‑visibility deals, supporting revenue growth and investor sentiment. Citigroup Joins SpaceX IPO Process
• Positive Sentiment: Analyst endorsement and profitability push — recent coverage (including Morgan Stanley attention) highlights Citigroup’s renewed focus on profitability, cost cuts and margin improvement, which supports valuation re‑rating expectations and may attract more buy‑side interest. Assessing Citigroup (C) Valuation After Morgan Stanley Endorsement And Profitability Push
• Neutral Sentiment: Regulatory/portfolio housekeeping: Citi Group entities have filed notices ceasing to be substantial holders in several small Australian companies — routine portfolio moves by Citi Global Markets Australia that are unlikely to materially affect group results. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Neutral Sentiment: Operational update — Citi signed a long‑term lease for new Luxembourg offices (The Rock in Cloche d’Or). This is a strategic real‑estate move with limited near‑term financial impact but signals ongoing investment in EMEA operations. Citi chooses The Rock in Cloche d’Or
• Negative Sentiment: Lawsuit and reputational risk — a current lawsuit from a banker alleging mishandled sexual‑harassment investigation and criticizing the firm's internal investigative unit raises reputational and potential legal liabilities; this could cause headline volatility and governance scrutiny. Citi banker suing for sexual harassment slams firm’s investigation unit as ‘internal hit squad’

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Oppenheimer upped their price objective on Citigroup from $141.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, January 15th. HSBC reiterated a "buy" rating and issued a $87.00 price target on shares of Citigroup in a report on Wednesday, January 7th. 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. Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company set a $150.00 price target on Citigroup in a report on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $127.25.

Insiders Place Their Bets

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company's stock.

Citigroup Stock Up 0.5%

C stock opened at $111.34 on Thursday. The firm has a market cap of $194.77 billion, a PE ratio of 15.97, a P/E/G ratio of 0.71 and a beta of 1.17. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. 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 firm has a 50 day simple moving average of $116.21 and a 200 day simple moving average of $106.50.

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

Citigroup Announces Dividend

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