DNB Asset Management AS Grows Position in Citigroup Inc. $C

DNB Asset Management AS boosted its holdings in Citigroup Inc. (NYSE:C) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,714,144 shares of the company’s stock after buying an additional 24,707 shares during the quarter. Citigroup accounts for approximately 0.6% of DNB Asset Management AS’s holdings, making the stock its 27th biggest position. DNB Asset Management AS owned approximately 0.09% of Citigroup worth $173,986,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in C. Wolff Wiese Magana LLC lifted its position in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares during the period. Guerra Advisors Inc purchased a new stake in Citigroup during the 3rd quarter valued at $33,000. Howard Hughes Medical Institute purchased a new stake in Citigroup during the 2nd quarter valued at $34,000. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 2nd quarter valued at $38,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Citigroup in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on C. HSBC reissued a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Wednesday, January 21st. Finally, Piper Sandler set a $135.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.25.

Citigroup Price Performance

Shares of NYSE:C opened at $116.16 on Friday. The company has a market capitalization of $203.20 billion, a P/E ratio of 16.67, a P/E/G ratio of 0.73 and a beta of 1.18. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. The firm’s 50 day simple moving average is $116.81 and its two-hundred day simple moving average is $105.96. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. Citigroup’s dividend payout ratio is 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 sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi has formed an AI infrastructure team to advise and finance the build‑out of data centers and other AI infrastructure, targeting an estimated $3 trillion opportunity by 2030 — a potential long‑term source of advisory fees and lending volume. Citigroup forms AI infrastructure team to capture data center boom – Bloomberg
• Positive Sentiment: BlackRock appointed Citi Investor Services to provide select middle‑office services for $4.0 trillion of U.S. iShares ETFs on Aladdin — a meaningful institutional mandate that can boost custody/servicing revenues and strengthen client relationships. BlackRock Appoints Citi to Provide Select ETF Middle Office Services on Aladdin
• Positive Sentiment: Citi committed $60 billion to affordable‑housing investments, nearly doubling its pace in the sector — a strategic capital deployment that supports recurring lending, tax‑credit and structured‑finance businesses while enhancing ESG credentials. Citi Commits $60B To Affordable Housing, Nearly Doubling Pace Of Sector Investment
• Positive Sentiment: Citi made a strategic investment in Japan’s Sakana AI — reinforcing its push into AI partnerships and local dealflow in Asia. Such minority/strategic stakes can seed future advisory or financing engagements. Citigroup invests in Japan’s Sakana AI
• Neutral Sentiment: Analyst and media attention: Citi is a “trending” stock on Zacks/Yahoo and has recent analyst support (e.g., Piper Sandler reiterated Overweight and lifted targets earlier), which can amplify flows and volatility but is not an immediate earnings change. Citigroup Inc. (C) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Option activity showed some bearish positioning recently (puts leading calls, higher implied vol), which can increase short‑term downside risk if sentiment shifts or news disappoints. Option traders moderately bearish in Citi with shares down 1.7%

About Citigroup

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.