Worth Asset Management LLC Sells 12,755 Shares of Citigroup Inc. $C

Key Points

• Worth Asset Management LLC trimmed its Citigroup stake by 75.9%, selling 12,755 shares in Q4 and leaving 4,061 shares valued at about $474,000.
• Analyst sentiment is broadly positive with multiple firms raising targets and coverage — Citigroup's consensus rating is "Moderate Buy" with a consensus price target near $127 — partly supported by strategic moves like its push into London bullion custody.
• An insider, Cantu Ernesto Torres, sold 43,173 shares for roughly $4.8 million, while institutional investors continue to own about 71.7% of the stock.

Worth Asset Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 75.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,061 shares of the company's stock after selling 12,755 shares during the quarter. Worth Asset Management LLC's holdings in Citigroup were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after buying an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Citigroup by 20.5% during the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company's stock worth $835,000 after acquiring an additional 1,669 shares during the period. United Bank bought a new stake in Citigroup during the second quarter worth $972,000. American Century Companies Inc. boosted its position in Citigroup by 8.8% in the second quarter. American Century Companies Inc. now owns 403,385 shares of the company's stock worth $34,336,000 after purchasing an additional 32,684 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Citigroup by 342.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 643,642 shares of the company's stock valued at $54,787,000 after purchasing an additional 498,330 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi’s push into London bullion custody and clearing is a strategic growth move that diversifies fee revenue and positions the bank in a recovering gold market; this expansion can lift non‑interest income over time. Read More.
• Positive Sentiment: Recent analyst actions are supportive: Jefferies initiated coverage with a buy/strong‑buy and Jefferies/Oppenheimer maintain above‑market targets ($135 and $132 noted), which can provide a floor for longer‑term investor demand. Read More. and Read More.
• Neutral Sentiment: Management/headcount moves in Asia (senior banker departures) are being reported; such changes can create short‑term noise but are not yet tied to Citi’s core U.S. earnings outlook. Read More.
• Neutral Sentiment: Citi commentary on payments, stablecoins and digital initiatives signals ongoing strategic investments in fee businesses; these are long‑lead revenue drivers rather than immediate EPS catalysts. Read More.
• Negative Sentiment: Bloomberg reported Citi is weighing a purchase of a large U.S. regional bank or brokerage — a high‑profile M&A rumor that triggered selling due to uncertainty over cost, regulatory scrutiny and potential execution risk. Citi later called the report “baseless speculation,” but the initial leak moved the tape. Read More. and Read More.
• Negative Sentiment: Broad weakness in financials amplified Citigroup’s decline today; the NYSE financial index dropped and traders rotated out of banking names on the headlines, increasing downside pressure. Read More.

Analysts Set New Price Targets

C has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on Citigroup from $113.00 to $127.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Wolfe Research reissued an "outperform" rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Morgan Stanley set a $152.00 price target on shares of Citigroup in a research report on Tuesday, February 17th. Barclays lifted their price objective on shares of Citigroup from $115.00 to $146.00 and gave the stock an "overweight" rating in a research report on Monday, January 5th. Finally, Jefferies Financial Group began coverage on shares of Citigroup in a research note on Thursday. They issued a "buy" rating and a $135.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

Insiders Place Their Bets

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction dated 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 sale, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.08% of the stock is owned by insiders.

Citigroup Stock Performance

Shares of C opened at $107.40 on Friday. The firm has a market cap of $187.87 billion, a PE ratio of 15.41, a PEG ratio of 0.69 and a beta of 1.17. The stock's fifty day moving average price is $112.90 and its two-hundred day moving average price is $108.13. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $125.16.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.28% and a net margin of 8.50%.The company had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced 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 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup's payout ratio is presently 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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