Sanders Capital LLC Has $95.77 Million Position in Citigroup Inc. $C

Key Points

• Sanders Capital cut its position by 92% in the third quarter, selling 10,831,813 Citigroup shares and retaining 943,584 shares worth $95.77 million (about 0.05% of the company).
• Mixed insider and analyst signals: Rep. Jonathan Jackson disclosed a purchase of up to ~$275K in Citi stock while insider Ernesto Cantu Torres sold 43,173 shares (~$4.8M), and analysts hold a "Moderate Buy" consensus with an average price target of $127.25.
• Operational/security concerns may raise volatility: Citi evacuated several Dubai/UAE offices after reported Iranian threats, a development that increases short‑term operational risk and likely contributed to recent share weakness.

Sanders Capital LLC cut its position in Citigroup Inc. (NYSE:C - Free Report) by 92.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 943,584 shares of the company's stock after selling 10,831,813 shares during the quarter. Sanders Capital LLC owned 0.05% of Citigroup worth $95,774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. FMB Wealth Management grew its holdings in shares of Citigroup by 4.1% during the third quarter. FMB Wealth Management now owns 2,618 shares of the company's stock worth $266,000 after purchasing an additional 103 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in Citigroup by 2.1% in the 3rd quarter. Tritonpoint Wealth LLC now owns 4,989 shares of the company's stock valued at $506,000 after buying an additional 104 shares during the last quarter. Highline Wealth Partners LLC boosted its position in Citigroup by 35.3% during the 3rd quarter. Highline Wealth Partners LLC now owns 418 shares of the company's stock worth $42,000 after buying an additional 109 shares during the period. Arjuna Capital grew its holdings in Citigroup by 0.7% during the 3rd quarter. Arjuna Capital now owns 16,587 shares of the company's stock worth $1,684,000 after acquiring an additional 112 shares during the last quarter. Finally, Binnacle Investments Inc grew its holdings in Citigroup by 6.5% during the 2nd quarter. Binnacle Investments Inc now owns 1,847 shares of the company's stock worth $157,000 after acquiring an additional 113 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Reported insider buying — Rep. Jonathan Jackson disclosed a purchase of up to ~$275K of Citigroup stock, which can be interpreted by some investors as a signal of confidence from an insider-related actor and may provide modest demand support. Recent Report Shows That Rep. Jonathan Jackson Bought Up to $275K Worth of Citigroup Stock
• Positive Sentiment: Execution/innovation milestone — Citi issued its first digitally native structured note via Euroclear’s D‑FMI platform, showcasing product innovation and potential fee/revenue opportunities in wholesale and wealth businesses. That can bolster investor sentiment around Citi’s capital markets capabilities. Citigroup (C) Issues First Digitally Native Structured Note via Euroclear
• Positive Sentiment: Research reputation — Citigroup ranked highly on growth-factor grades among S&P financial holdings and continues to publish influential calls (e.g., upgrades elsewhere). Strong research can support fee business and market influence. Citigroup and Goldman Sachs top growth factor grades among S&P financial holdings
• Neutral Sentiment: Analyst activity — Citi’s research team stuck by coverage/ratings on defense names amid the Iran war and upgraded names like LyondellBasell; these moves matter more to those specific sectors than to Citi’s immediate P&L, though they illustrate active deal and research flow. Citigroup sticks by three missile and defense companies as Iran war rages
• Neutral Sentiment: Talent/industry spinout — An ex‑Citi CIO has launched an AI‑driven wealth manager. Startup activity highlights Citi alumni influence but is unlikely to materially affect Citi’s near‑term earnings. David Bailin: Armed With AI, an Ex-Citi CIO Strives to Shake Up the Industry
• Negative Sentiment: Operational/security risk — Citi instructed staff to evacuate several Dubai/UAE buildings and move to remote work after reported Iranian threats to Western banks. That raises short‑term operational disruption risk, potential security costs, and investor concern about regional exposure. Citigroup Dubai Evacuation Puts Operational Risks And Valuation In Focus
• Negative Sentiment: Recent price weakness context — Coverage summarizing why Citi shares fell more than the market earlier this week points to sector pressure and geopolitical risk; that context still weighs on sentiment and can amplify volatility around Citi. Here's Why Citigroup (C) Fell More Than Broader Market

Insiders Place Their Bets

In other news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares of the company's stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on C shares. HSBC reaffirmed a "buy" rating and set a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Barclays boosted their price objective on shares of Citigroup from $115.00 to $146.00 and gave the stock an "overweight" rating in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on Citigroup from $130.00 to $134.00 and gave the company an "overweight" rating in a report on Monday, February 9th. Wolfe Research reaffirmed an "outperform" rating and set a $141.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $127.25.

Citigroup Stock Up 0.1%

Shares of NYSE C opened at $105.65 on Friday. The company's 50 day moving average price is $114.66 and its 200-day moving average price is $107.07. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16. The company has a market capitalization of $184.82 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the company posted $1.34 earnings per share. Citigroup's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders 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 presently 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.

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.