1248 Management LLC Buys Shares of 6,976 Citigroup Inc. $C

1248 Management LLC bought a new position in Citigroup Inc. (NYSE:C) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,976 shares of the company’s stock, valued at approximately $708,000.

A number of other large investors have also made changes to their positions in the company. 44 Wealth Management LLC grew its position in shares of Citigroup by 3.3% during the 3rd quarter. 44 Wealth Management LLC now owns 36,897 shares of the company’s stock valued at $3,745,000 after acquiring an additional 1,175 shares during the period. Alliancebernstein L.P. lifted its position in Citigroup by 52.1% during the third quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company’s stock valued at $538,389,000 after purchasing an additional 1,816,786 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Citigroup by 22.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 92,745 shares of the company’s stock valued at $9,414,000 after purchasing an additional 17,062 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Citigroup by 28.4% during the third quarter. Lazard Asset Management LLC now owns 191,170 shares of the company’s stock valued at $19,404,000 after purchasing an additional 42,262 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Citigroup in the third quarter worth about $4,913,000. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of NYSE C opened at $105.65 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $184.82 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.68 and a beta of 1.17. The firm’s fifty day moving average is $114.66 and its two-hundred day moving average is $107.15. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16.

Citigroup (NYSE:C) last released 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 business had revenue of $19.87 billion during 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 business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, February 2nd. Citigroup’s dividend payout ratio is currently 34.43%.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Reported insider buying — Rep. Jonathan Jackson disclosed a purchase of up to ~$275K of Citigroup stock, which can be interpreted by some investors as a signal of confidence from an insider-related actor and may provide modest demand support. Recent Report Shows That Rep. Jonathan Jackson Bought Up to $275K Worth of Citigroup Stock
• Positive Sentiment: Execution/innovation milestone — Citi issued its first digitally native structured note via Euroclear’s D‑FMI platform, showcasing product innovation and potential fee/revenue opportunities in wholesale and wealth businesses. That can bolster investor sentiment around Citi’s capital markets capabilities. Citigroup (C) Issues First Digitally Native Structured Note via Euroclear
• Positive Sentiment: Research reputation — Citigroup ranked highly on growth-factor grades among S&P financial holdings and continues to publish influential calls (e.g., upgrades elsewhere). Strong research can support fee business and market influence. Citigroup and Goldman Sachs top growth factor grades among S&P financial holdings
• Neutral Sentiment: Analyst activity — Citi’s research team stuck by coverage/ratings on defense names amid the Iran war and upgraded names like LyondellBasell; these moves matter more to those specific sectors than to Citi’s immediate P&L, though they illustrate active deal and research flow. Citigroup sticks by three missile and defense companies as Iran war rages
• Neutral Sentiment: Talent/industry spinout — An ex‑Citi CIO has launched an AI‑driven wealth manager. Startup activity highlights Citi alumni influence but is unlikely to materially affect Citi’s near‑term earnings. David Bailin: Armed With AI, an Ex-Citi CIO Strives to Shake Up the Industry
• Negative Sentiment: Operational/security risk — Citi instructed staff to evacuate several Dubai/UAE buildings and move to remote work after reported Iranian threats to Western banks. That raises short‑term operational disruption risk, potential security costs, and investor concern about regional exposure. Citigroup Dubai Evacuation Puts Operational Risks And Valuation In Focus
• Negative Sentiment: Recent price weakness context — Coverage summarizing why Citi shares fell more than the market earlier this week points to sector pressure and geopolitical risk; that context still weighs on sentiment and can amplify volatility around Citi. Here’s Why Citigroup (C) Fell More Than Broader Market

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on C. Wells Fargo & Company set a $150.00 price objective on Citigroup in a research note on Monday, January 5th. HSBC restated a “buy” rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

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.