Sippican Capital Advisors Sells 13,578 Shares of Citigroup Inc. $C

Key Points

• Sippican Capital Advisors cut its Citigroup stake by 48.8% in Q4, selling 13,578 shares and retaining 14,237 shares valued at about $1.661 million.
• Big institutions (e.g., Capital World Investors, Fisher, Franklin, BNY Mellon) have been increasing positions—institutional ownership stands at 71.72%—while insider Cantu sold 43,173 shares, a 48.5% reduction, leaving insiders with 0.11% ownership.
• Analysts are generally positive with a consensus rating of Moderate Buy and a $127.41 price target (several firms raised targets), Citi pays a $0.60 quarterly dividend (1.9% yield), and Q1 earnings are due April 14 as a near-term catalyst.

Sippican Capital Advisors reduced its holdings in Citigroup Inc. (NYSE:C - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,237 shares of the company's stock after selling 13,578 shares during the quarter. Sippican Capital Advisors' holdings in Citigroup were worth $1,661,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in C. Capital World Investors grew its stake in Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company's stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares during the period. Fisher Asset Management LLC grew its stake in Citigroup by 2.7% in the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company's stock valued at $3,353,612,000 after acquiring an additional 879,056 shares during the period. Franklin Resources Inc. grew its stake in Citigroup by 1.8% in the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company's stock valued at $3,336,362,000 after acquiring an additional 580,027 shares during the period. Bank of New York Mellon Corp grew its stake in Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company's stock valued at $2,854,788,000 after acquiring an additional 4,211,099 shares during the period. Finally, Legal & General Group Plc grew its stake in Citigroup by 1.6% in the third quarter. Legal & General Group Plc now owns 13,844,014 shares of the company's stock valued at $1,405,167,000 after acquiring an additional 219,100 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the subject of a number of research reports. Barclays raised their price objective on Citigroup from $115.00 to $146.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Piper Sandler set a $135.00 price objective on Citigroup in a research note on Thursday, January 15th. Morgan Stanley set a $152.00 price objective on Citigroup in a research note on Tuesday, February 17th. UBS Group reissued a "neutral" rating and issued a $132.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.41.

Citigroup Stock Down 0.1%

Shares of NYSE:C opened at $124.32 on Monday. The stock has a market cap of $213.20 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 0.64 and a beta of 1.11. 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 Inc. has a 12-month low of $59.92 and a 12-month high of $125.48. The business's 50 day moving average is $113.39 and its 200 day moving average is $109.33.

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 the consensus estimate of $1.65 by $0.16. The company had revenue of $19.87 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $1.34 earnings per share. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. Citigroup's payout ratio is presently 34.43%.

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the transaction, the insider owned 45,835 shares of the company's stock, valued at $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi highlights cost and efficiency gains from AI: management says AI has cut account‑opening times (about 1 hour) and is being used to modernize legacy systems — a tangible cost/productivity catalyst that can support margins and customer onboarding growth. Citigroup using AI to speed account openings
• Positive Sentiment: Street support: Goldman Sachs recently raised its price target on C to $137 (Buy), signaling analyst optimism into the April earnings print and providing upside to sentiment/flows. Goldman Sachs Raises Citigroup (C) Target Ahead of Q1 Banking Readout
• Positive Sentiment: Research/product tailwind: Citi published a bullish ETF market outlook (U.S. ETF AUM could top $25T by 2030) — a thematic win for prime brokerage, markets, custody and fee pools where Citi participates. Citi sees US ETF assets topping $25 trillion by 2030 as active funds gain ground
• Neutral Sentiment: Q1 earnings calendar risk/reward: Citigroup reports Q1 results on April 14; consensus expectations and preview pieces highlight strong revenue/profit momentum but also flag items investors will watch (trading revenue, investment banking, expenses). Earnings are the immediate catalyst. Citigroup Set to Report Q1 Earnings: How to Approach the Stock Now?
• Neutral Sentiment: Price action context: the shares recently hit a 52‑week high — momentum that can amplify both buying and near‑term profit‑taking ahead of the print. Citigroup stock reaches 52-week high at 125.17 USD
• Neutral Sentiment: Analyst model tweaks: some firms (e.g., Erste Group) have nudged FY26 estimates higher, reflecting improved revenue mix and rate environment — supports the case for modest upward revisions but not guaranteed until earnings/guidance. Citigroup FY2026 EPS Estimate Raised by Erste Group Bank
• Negative Sentiment: Cyber/AI model risk flagged by regulators: U.S. Treasury and Fed held an “urgent” meeting with major banks about potential cyber threats tied to advanced AI models (Anthropic’s Mythos). Heightened regulatory scrutiny and security spend could raise costs and operational risk. Feds Warn Major Banks of Anthropic Mythos Cyber Threat
• Negative Sentiment: Macro and credit watch: previews and analyst notes flag rising costs and potential asset‑quality pressures (loan loss trends, regional exposures, and rate‑sensitive credit) as key downsides that could weigh on near‑term results and multiple expansion. What Can Investors Expect from Bank Earnings?

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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