Robertson Stephens Wealth Management LLC Sells 10,852 Shares of Citigroup Inc. $C

Key Points

• Robertson Stephens trimmed its Citigroup stake by 42.2%, selling 10,852 shares in Q4 and leaving 14,867 shares worth about $1.735 million per its latest 13F filing.
• Citigroup beat quarterly expectations, reporting $3.06 EPS versus $2.63 expected and $24.63 billion in revenue (up 14.1% YoY), which has led several analysts to raise price targets and a MarketBeat average target of $136.79.
• Significant insider selling has occurred recently—insiders sold 92,318 shares (~$10.76M) over the past 90 days, including Edward Skyler (25,000 shares) and Ernesto Cantu Torres (43,173 shares), leaving insiders with just 0.11% ownership.

Robertson Stephens Wealth Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,867 shares of the company's stock after selling 10,852 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Citigroup were worth $1,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Whelan Financial grew its stake in Citigroup by 10.7% during the fourth quarter. Whelan Financial now owns 2,916 shares of the company's stock worth $340,000 after buying an additional 282 shares during the last quarter. Danske Bank A S grew its stake in Citigroup by 6.7% during the fourth quarter. Danske Bank A S now owns 1,035,472 shares of the company's stock worth $120,829,000 after buying an additional 64,959 shares during the last quarter. GenTrust LLC bought a new stake in Citigroup during the fourth quarter worth about $333,000. SNS Financial Group LLC bought a new stake in Citigroup during the fourth quarter worth about $212,000. Finally, Secured Retirement Advisors LLC grew its stake in Citigroup by 3.7% during the fourth quarter. Secured Retirement Advisors LLC now owns 16,254 shares of the company's stock worth $1,897,000 after buying an additional 583 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Key Stories Impacting 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

Insider Activity at Citigroup

In related news, insider Edward Skyler sold 25,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares in the company, valued at $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $4,796,088.57. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. Insiders sold 92,318 shares of company stock worth $10,764,814 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

C has been the topic of several research analyst reports. Evercore set a $139.00 price objective on shares of Citigroup in a research note on Wednesday, April 15th. Morgan Stanley upped their target price on shares of Citigroup from $140.00 to $144.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of Citigroup from $131.00 to $135.50 and gave the stock an "overweight" rating in a research report on Thursday. Zacks Research lowered shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Citigroup in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $136.79.

Citigroup Price Performance

Shares of C stock opened at $127.44 on Friday. Citigroup Inc. has a 1 year low of $69.17 and a 1 year high of $135.29. The firm's 50 day moving average is $117.01 and its 200-day moving average is $112.27. The firm has a market capitalization of $218.55 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.57 and a beta of 1.14. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59.

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

Citigroup Announces Dividend

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

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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

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.