Tocqueville Asset Management L.P. Trims Stock Position in Citigroup Inc. $C

Key Points

• Tocqueville Asset Management cut its stake in Citigroup by 16.2% in Q3, selling 72,923 shares and ending the period with 378,018 shares worth about $38.4 million.
• Wall Street remains largely positive — 14 Buy vs 5 Hold with an average target of $127.25 — even as Citi beat EPS estimates ($1.81 vs $1.65) but missed revenue and saw an insider (Cantu Ernesto Torres) sell 43,173 shares (~$4.8M).

Tocqueville Asset Management L.P. decreased its stake in Citigroup Inc. (NYSE:C - Free Report) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,018 shares of the company's stock after selling 72,923 shares during the period. Tocqueville Asset Management L.P.'s holdings in Citigroup were worth $38,369,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC boosted its stake in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company's stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Dunhill Financial LLC grew its holdings in shares of Citigroup by 92.2% during the third quarter. Dunhill Financial LLC now owns 319 shares of the company's stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Guerra Advisors Inc acquired a new stake in shares of Citigroup during the third quarter worth about $33,000. Cloud Capital Management LLC acquired a new stake in shares of Citigroup during the third quarter worth about $40,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Citigroup in the 2nd quarter valued at about $34,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler set a $135.00 price target on Citigroup in a research note on Thursday, January 15th. The Goldman Sachs Group boosted their price objective on Citigroup from $113.00 to $127.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $118.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, December 17th. HSBC restated a "buy" rating and set a $87.00 target price on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.25.

Insider Buying and Selling

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 transaction of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi executed a milestone digital-markets transaction by issuing its first digitally native structured note via Euroclear’s D‑FMI platform — a sign of product/technology leadership in capital markets that could expand distribution and fee revenue over time. Citigroup (C) Issues First Digitally Native Structured Note via Euroclear
• Positive Sentiment: Analyst commentary and coverage note Citi’s ongoing turnaround — improvement in investment banking fees and market revenues tied to its transformation plan, supporting the longer-term growth outlook for the franchise. C's Turnaround Strengthens Growth Outlook: Should You Buy the Stock?
• Neutral Sentiment: Citi group entities notified an exit as substantial holders in Australian restaurant chain Guzman y Gomez — a routine institutional position update that has limited direct impact on Citi’s own stock fundamentals. Citi Group Entities Cease to Be Substantial Holders in Guzman y Gomez
• Negative Sentiment: Citi evacuated multiple buildings in the U.A.E. after reported threats tied to the Iran-related tensions — a direct operational disruption and a catalyst for risk-averse investor flows into safer assets and away from regional operations exposure. Citi evacuates offices in the Middle East after Iran threatens to target banks
• Negative Sentiment: Financial sector weakness more broadly is pressuring bank shares, and Citi has been singled out to fall more than peers amid recent profit-taking and macro/geopolitical worries. Here's Why Citigroup (C) Fell More Than Broader Market
• Negative Sentiment: Sector reports show the NYSE financial index pulling back, which amplifies downward pressure on Citigroup due to its large weighting in bank indices and sensitivity to macro risk sentiment. Sector Update: Financial Stocks Fall Late Afternoon

Citigroup Stock Performance

C traded up $1.53 on Friday, hitting $107.03. 3,175,303 shares of the company traded hands, compared to its average volume of 14,910,789. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $125.16. The company has a 50 day moving average of $114.92 and a 200-day moving average of $106.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $187.22 billion, a PE ratio of 15.35, a PEG ratio of 0.70 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 for the quarter, beating the consensus estimate 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 the consensus estimate of $20.99 billion. During the same period last year, the business posted $1.34 EPS. The company's revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup's payout ratio is currently 34.43%.

Citigroup 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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