Banque Pictet & Cie SA Raises Position in Citigroup Inc. $C

Banque Pictet & Cie SA increased its stake in Citigroup Inc. (NYSE:C) by 39.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,717 shares of the company’s stock after purchasing an additional 25,156 shares during the quarter. Banque Pictet & Cie SA’s holdings in Citigroup were worth $10,352,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after buying an additional 4,211,099 shares during the last quarter. Capital World Investors lifted its position in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after buying an additional 2,871,074 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Citigroup by 6,172.0% during the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock valued at $294,838,000 after buying an additional 2,858,481 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Citigroup by 291.4% during the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after acquiring an additional 2,008,946 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Citigroup by 52.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company’s stock worth $538,389,000 after acquiring an additional 1,816,786 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction that occurred 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 in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

NYSE:C opened at $115.42 on Thursday. The business’s fifty day moving average is $112.71 and its 200 day moving average is $108.41. The firm has a market cap of $201.91 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.73 and a beta of 1.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.00 and a current ratio of 1.00. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping 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 return on equity of 8.28% and a net margin of 8.50%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Analyst Ratings Changes

C has been the subject of several recent research reports. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen reiterated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average target price of $127.00.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Breakingviews argues Citi is a prime candidate to spur big‑bank M&A, which could unlock strategic value and boost takeover / consolidation speculation around the stock. Citi is a prime candidate to revive big-bank M&A
• Positive Sentiment: Citi CEO Jane Fraser was named to the Federal Reserve Board of Governors’ Federal Advisory Council (NY Fed), raising Citi’s regulatory and policymaker profile — a credibility boost for investors. Citi CEO Jane Fraser Joins Federal Reserve Advisory Council for NY Fed
• Positive Sentiment: Recent earnings history and analyst commentary point to continued upside: Citi beat EPS in January and Zacks highlights the stock outpacing market gains, supporting expectations for further beats. Citigroup (C) Outpaces Stock Market Gains
• Positive Sentiment: Macro tailwind: reports that hostilities with Iran may be winding down reduced geopolitical risk—an immediate catalyst for banks, and cited by press as a reason for today’s rally. Why Is Citigroup (C) Stock Rocketing Higher Today
• Neutral Sentiment: Dividend and relative strength: coverage pieces note Citi’s ~2.2% yield and recent outperformance vs. markets, which supports income‑oriented and momentum flows but isn’t a fundamental rerating on its own. This Dividend Stock Has Been Steady Amid the Iran War
• Neutral Sentiment: Citi research activity (analyst target changes at other companies) and occasional institutional filing updates are ongoing but have limited direct impact on Citi’s share price today. Citi trims Micron target price
• Negative Sentiment: Bearish/hold views on valuation and mixed margin outlook persist in some commentary (e.g., Seeking Alpha’s caution on margins and valuation), which could cap upside until clearer margin improvement or buybacks are visible. Citigroup: Hold On Mixed Margins And Valuation Outlook

Citigroup Company 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.