First American Trust FSB Purchases 34,033 Shares of Citigroup Inc. $C

First American Trust FSB lifted its position in shares of Citigroup Inc. (NYSE:C) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,366 shares of the company’s stock after purchasing an additional 34,033 shares during the period. Citigroup accounts for 1.1% of First American Trust FSB’s portfolio, making the stock its 24th largest holding. First American Trust FSB’s holdings in Citigroup were worth $14,958,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Citigroup by 20.5% during the 2nd 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 last quarter. United Bank bought a new stake in Citigroup in the 2nd quarter valued at $972,000. Carnegie Investment Counsel bought a new stake in Citigroup in the 2nd quarter valued at $266,000. Finally, AlphaQuest LLC lifted its holdings in Citigroup by 5,207.5% during the 2nd quarter. AlphaQuest LLC now owns 10,562 shares of the company’s stock valued at $899,000 after purchasing an additional 10,363 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi has signed agreements to sell a 24% stake in Banamex to institutional investors and family offices for roughly $2.5 billion — the transaction delivers immediate cash, reduces direct country/asset exposure and is a concrete step toward Citi’s planned Banamex IPO, which can improve capital flexibility and de-risk the group. Citi signs deal to sell 24% equity stake in Banamex
• Neutral Sentiment: Reports (FT / Seeking Alpha / Bloomberg) show Citi is continuing staged stake sales in Banamex ahead of an IPO — this signals management is executing a predictable exit plan, but valuation and timing of a full IPO remain uncertain and will determine the ultimate shareholder benefit. Citi to sell another stake in Mexico’s Banamex ahead of IPO
• Negative Sentiment: Financial-sector weakness is pressuring Citi along with peers — a late-afternoon pullback in financial stocks is amplifying downward moves in C, driven by macro risk aversion and rate/earnings concerns. Sector Update: Financial Stocks Decline Late Afternoon
• Negative Sentiment: Security disruptions in Mexico after the killing of a cartel leader have led to travel advisories and localized chaos; this raises short-term operational and reputational risks for Banamex and could complicate IPO timing/valuation if market access or branch operations are affected. U.S. asks citizens in Mexico to shelter after cartel leader killed
• Negative Sentiment: Analyst commentary flags interest-rate swings as a material risk to Citi’s net interest income and profitability — a reminder that macro/rate path still threatens bank earnings even as Citi monetizes non-core assets. How Interest Rate Swings Threaten Citigroup’s Net Interest Income and Profitability

Insider Buying and Selling

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction dated 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 sale, the insider owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Down 4.6%

Shares of C opened at $110.67 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.99 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 firm’s 50 day moving average is $116.72 and its 200-day moving average is $105.71. The stock has a market capitalization of $198.02 billion, a PE ratio of 15.88, a P/E/G ratio of 0.74 and a beta of 1.18.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be given a $0.60 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Oppenheimer upped their price target on shares of Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. The Goldman Sachs Group raised their price objective on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Wolfe Research restated an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Finally, HSBC reiterated a “buy” rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.25.

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.