Citigroup Inc. $C Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc reduced its stake in Citigroup Inc. (NYSE:C) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 660,025 shares of the company’s stock after selling 9,974 shares during the period. Citigroup accounts for approximately 1.4% of First Financial Bankshares Inc’s holdings, making the stock its 26th biggest position. First Financial Bankshares Inc’s holdings in Citigroup were worth $66,993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in Citigroup by 87.6% during the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Guerra Advisors Inc acquired a new position in shares of Citigroup during the 3rd quarter valued at $33,000. Cloud Capital Management LLC bought a new stake in shares of Citigroup in the 3rd quarter worth $40,000. Howard Hughes Medical Institute acquired a new stake in shares of Citigroup in the second quarter valued at $34,000. Finally, Highline Wealth Partners LLC lifted its holdings in shares of Citigroup by 35.3% in the third quarter. Highline Wealth Partners LLC now owns 418 shares of the company’s stock valued at $42,000 after buying an additional 109 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

C has been the topic of a number of research analyst reports. Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday. HSBC reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Citigroup in a research note on Wednesday, January 7th. Wolfe Research reissued an “outperform” rating and set a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a 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 company. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.25.

Insider Buying and Selling at Citigroup

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Citigroup stock opened at $110.67 on Tuesday. Citigroup Inc. has a fifty-two week low of $55.51 and a fifty-two week high of $125.16. The firm’s 50 day simple moving average is $116.72 and its 200-day simple moving average is $105.71. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $198.02 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $1.34 EPS. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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

Key Headlines Impacting Citigroup

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

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.