Citigroup Inc. $C Stock Holdings Boosted by Cresset Asset Management LLC

Key Points

• Cresset Asset Management increased its stake in Citigroup by 27% to 44,242 shares (worth about $4.49M), and institutional investors now own 71.72% of the stock.
• Insider Cantu Ernesto Torres sold 43,173 shares at an average of $111.09 (≈$4.8M), reducing his holdings by 48.5% and leaving total insider ownership at just 0.08%.
• Citigroup beat EPS estimates ($1.81 vs. $1.65) but missed revenue expectations, pays a $0.60 quarterly dividend (2.3% yield), and has a consensus analyst rating of Moderate Buy with a $127.25 price target.

Cresset Asset Management LLC grew its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,242 shares of the company's stock after purchasing an additional 9,416 shares during the quarter. Cresset Asset Management LLC's holdings in Citigroup were worth $4,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC grew 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 acquiring an additional 120 shares during the period. Dunhill Financial LLC lifted its holdings in Citigroup by 92.2% in the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company's stock valued at $32,000 after acquiring an additional 153 shares during the last quarter. Guerra Advisors Inc bought a new position in shares of Citigroup during the 3rd quarter valued at about $33,000. Howard Hughes Medical Institute bought a new position in shares of Citigroup during the 2nd quarter valued at about $34,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Citigroup in the 2nd quarter worth approximately $38,000. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other 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 value of $4,796,088.57. Following the completion of the sale, the insider directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

Shares of Citigroup stock opened at $106.58 on Friday. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The stock has a market cap of $186.44 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.70 and a beta of 1.17. The business has a fifty day simple moving average of $115.67 and a 200-day simple moving average of $106.60.

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

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders 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 dividend yield of 2.3%. Citigroup's dividend payout ratio is currently 34.43%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial boosted their target price on shares of Citigroup from $123.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Wolfe Research reaffirmed an "outperform" rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price objective on Citigroup from $130.00 to $134.00 and gave the company an "overweight" rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group increased their price target on Citigroup from $113.00 to $127.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.25.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi participated in a strategic investment in Adaptive (alongside HSBC), signaling continued corporate focus on capital-markets technology and partnerships that could support fee and tech-led growth. Adaptive announces strategic investment from HSBC and Citi
• Positive Sentiment: Investor write-ups highlight Citigroup as an attractive dividend option, reinforcing income-focused demand for the stock among yield-seeking investors. Citigroup (C) Could Be a Great Choice
• Positive Sentiment: Market commentators and some strategists are flagging banks as buyable after recent sell-offs, which supports sector-level interest in large U.S. banks like Citi if volatility stabilizes. War selloffs are buying opportunities, history shows; Jyotivardhan Jaipuria backs banks, trims IT
• Neutral Sentiment: Citi's institutional units have filed notices exiting substantial-holder status in a few smaller Australian names — routine portfolio/flow activity that can affect localized volumes but is unlikely to move Citi's share price materially. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Citigroup's own market commentary has warned that stock-market volatility is set to continue amid the Middle East shock — a caution that can exacerbate risk-off flows out of banks and financials. Stock market volatility set to continue, warns Citi
• Negative Sentiment: Negative press and legal risk surfaced after a Citi banker filed a sexual-harassment suit criticizing the firm's internal investigation unit; such reputational and legal headlines can pressure sentiment and prompt investor caution. Citi banker suing for sexual harassment slams firm’s investigation unit

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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