Gabelli Funds LLC Sells 12,315 Shares of Citigroup Inc. $C

Key Points

• Gabelli Funds LLC reduced its stake in Citigroup by 4.2% in Q3, selling 12,315 shares and now holds 278,505 shares valued at about $28.27 million.
• Insider Cantu Ernesto Torres sold 43,173 shares on Feb. 13 at an average price of $111.09, cutting his ownership by 48.5% (he retains 45,835 shares).
• Citigroup shares opened at $106.58, trade in a 52‑week range of $55.51–$125.16, have a $186.4B market cap, pay a $0.60 quarterly dividend (2.3% yield), and carry a consensus "Moderate Buy" with an average price target of $127.25.

Gabelli Funds LLC reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 278,505 shares of the company's stock after selling 12,315 shares during the quarter. Gabelli Funds LLC's holdings in Citigroup were worth $28,268,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMB Wealth Management lifted its stake in Citigroup by 4.1% in the 3rd quarter. FMB Wealth Management now owns 2,618 shares of the company's stock worth $266,000 after purchasing an additional 103 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in shares of Citigroup by 2.1% in the third quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company's stock valued at $506,000 after purchasing an additional 104 shares during the last quarter. Highline Wealth Partners LLC lifted its position in Citigroup by 35.3% during the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company's stock worth $42,000 after buying an additional 109 shares in the last quarter. Arjuna Capital boosted its stake in Citigroup by 0.7% during the third quarter. Arjuna Capital now owns 16,587 shares of the company's stock worth $1,684,000 after buying an additional 112 shares during the last quarter. Finally, Binnacle Investments Inc grew its holdings in Citigroup by 6.5% in the 2nd quarter. Binnacle Investments Inc now owns 1,847 shares of the company's stock valued at $157,000 after buying an additional 113 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE:C opened at $106.58 on Friday. 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 company has a 50 day moving average price of $115.67 and a 200 day moving average price of $106.69. The stock has a market capitalization of $186.44 billion, a P/E ratio of 15.29, a PEG ratio of 0.68 and a beta of 1.17.

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

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, February 2nd. Citigroup's dividend payout ratio (DPR) is 34.43%.

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 shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on C. Keefe, Bruyette & Woods lifted their price target on Citigroup from $118.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, December 17th. Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Truist Financial increased their price target on shares of Citigroup from $123.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Piper Sandler set a $135.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Finally, Morgan Stanley set a $152.00 price objective on Citigroup in a report on Tuesday, February 17th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average 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

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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