Vinva Investment Management Ltd Buys 16,908 Shares of Citigroup Inc. $C

Key Points

• Vinva Investment Management Ltd raised its stake in Citigroup by 12.0% in Q3, buying 16,908 shares to hold 157,534 shares valued at about $16.25 million.
• Insider Cantu Ernesto Torres sold 43,173 shares on Feb. 13 at an average of $111.09 for roughly $4.8 million, cutting his ownership by 48.5%; insiders now own 0.08% of the stock.
• Wall Street sentiment is mildly positive—14 Buy vs. 5 Hold ratings with a consensus target of $127.25—and Citi recently beat EPS estimates ($1.81 vs. $1.65) and pays a $0.60 quarterly dividend (2.3% yield).

Vinva Investment Management Ltd lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,534 shares of the company's stock after purchasing an additional 16,908 shares during the quarter. Vinva Investment Management Ltd's holdings in Citigroup were worth $16,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of C. Parallel Advisors LLC increased its stake in Citigroup by 7.0% during the 3rd quarter. Parallel Advisors LLC now owns 30,004 shares of the company's stock valued at $3,045,000 after purchasing an additional 1,972 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Citigroup by 2.0% in the third quarter. Meiji Yasuda Life Insurance Co now owns 38,623 shares of the company's stock worth $3,920,000 after buying an additional 753 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of Citigroup by 1.0% in the third quarter. Riggs Asset Managment Co. Inc. now owns 121,792 shares of the company's stock worth $12,362,000 after buying an additional 1,171 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA bought a new position in shares of Citigroup in the third quarter worth approximately $204,000. Finally, Marvin & Palmer Associates Inc. purchased a new stake in shares of Citigroup during the third quarter valued at approximately $7,722,000. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm's 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 transaction, the insider owned 45,835 shares of the company's stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on C. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a research report on Wednesday, January 21st. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on Citigroup from $130.00 to $134.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Oppenheimer lifted their target price on Citigroup from $141.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group boosted their price target on Citigroup from $113.00 to $127.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.25.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi participated in a strategic investment in Adaptive (alongside HSBC), signaling continued corporate focus on capital-markets technology and partnerships that could support fee and tech-led growth. Adaptive announces strategic investment from HSBC and Citi
• Positive Sentiment: Investor write-ups highlight Citigroup as an attractive dividend option, reinforcing income-focused demand for the stock among yield-seeking investors. Citigroup (C) Could Be a Great Choice
• Positive Sentiment: Market commentators and some strategists are flagging banks as buyable after recent sell-offs, which supports sector-level interest in large U.S. banks like Citi if volatility stabilizes. War selloffs are buying opportunities, history shows; Jyotivardhan Jaipuria backs banks, trims IT
• Neutral Sentiment: Citi's institutional units have filed notices exiting substantial-holder status in a few smaller Australian names — routine portfolio/flow activity that can affect localized volumes but is unlikely to move Citi's share price materially. Citigroup Group Ceases to Be Substantial Holder in Bapcor
• Negative Sentiment: Citigroup's own market commentary has warned that stock-market volatility is set to continue amid the Middle East shock — a caution that can exacerbate risk-off flows out of banks and financials. Stock market volatility set to continue, warns Citi
• Negative Sentiment: Negative press and legal risk surfaced after a Citi banker filed a sexual-harassment suit criticizing the firm's internal investigation unit; such reputational and legal headlines can pressure sentiment and prompt investor caution. Citi banker suing for sexual harassment slams firm’s investigation unit

Citigroup Stock Down 2.2%

Shares of C stock opened at $106.58 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $125.16. The stock has a market cap of $186.44 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.68 and a beta of 1.17. The company has a 50 day simple moving average of $115.67 and a two-hundred day simple moving average of $106.69.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business 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 annualized dividend and a yield of 2.3%. 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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