Pitcairn Co. Cuts Position in Citigroup Inc. $C

Key Points

• Pitcairn Co. trimmed its stake in Citigroup by 24.3% in Q3, selling 18,965 shares and retaining 58,941 shares valued at about $5.98 million.
• Analysts maintain a consensus “Moderate Buy” on Citigroup (14 Buys, 5 Holds) with an average price target of $127.25 and several firms recently raising targets into the $131–$146 range.
• Citigroup beat quarterly EPS estimates ($1.81 vs. $1.65), pays a $0.60 quarterly dividend (≈2.2% yield), and insider Cantu Ernesto Torres sold 43,173 shares for roughly $4.8 million.

Pitcairn Co. trimmed its stake in Citigroup Inc. (NYSE:C - Free Report) by 24.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,941 shares of the company's stock after selling 18,965 shares during the period. Pitcairn Co.'s holdings in Citigroup were worth $5,983,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in Citigroup by 14.3% in the third quarter. Crossmark Global Holdings Inc. now owns 352,499 shares of the company's stock worth $35,779,000 after purchasing an additional 44,097 shares in the last quarter. KCM Investment Advisors LLC raised its stake in shares of Citigroup by 3.2% during the 3rd quarter. KCM Investment Advisors LLC now owns 8,253 shares of the company's stock worth $838,000 after acquiring an additional 258 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of Citigroup by 79.7% during the 3rd quarter. Advisory Alpha LLC now owns 8,721 shares of the company's stock worth $849,000 after acquiring an additional 3,869 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in Citigroup during the third quarter valued at approximately $1,018,000. Finally, Insigneo Advisory Services LLC boosted its stake in Citigroup by 3.2% in the third quarter. Insigneo Advisory Services LLC now owns 28,535 shares of the company's stock valued at $2,896,000 after acquiring an additional 873 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on C. Wolfe Research reiterated an "outperform" rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on Citigroup from $118.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, December 17th. Piper Sandler set a $135.00 price target on Citigroup in a research note on Thursday, January 15th. Barclays increased their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. Finally, UBS Group reissued a "neutral" rating and set a $132.00 target price on shares of Citigroup in a research report on Thursday, January 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $127.25.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction 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 sale, the insider directly owned 45,835 shares of the company's stock, valued at approximately $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 corporate insiders.

More Citigroup News

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

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. The company has a market capitalization of $190.69 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. Citigroup Inc. has a 52 week low of $55.51 and a 52 week 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.

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

Citigroup Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. 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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