OFI Invest Asset Management Buys 664,951 Shares of Citigroup Inc. $C

OFI Invest Asset Management raised its stake in Citigroup Inc. (NYSE:C) by 4,877.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 678,585 shares of the company’s stock after buying an additional 664,951 shares during the quarter. Citigroup comprises approximately 1.0% of OFI Invest Asset Management’s investment portfolio, making the stock its 20th biggest holding. OFI Invest Asset Management’s holdings in Citigroup were worth $79,184,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its stake in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Dunhill Financial LLC lifted its stake in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Guerra Advisors Inc bought a new stake in shares of Citigroup in the third quarter worth $33,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of Citigroup in the fourth quarter worth $35,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of Citigroup in the second quarter worth $38,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $123.54 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm’s fifty day moving average price is $113.02 and its two-hundred day moving average price is $108.97. Citigroup Inc. has a 1 year low of $56.07 and a 1 year high of $125.16. The firm has a market capitalization of $216.11 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s dividend payout ratio is 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Goldman Sachs raised its price target on Citigroup to $137 (from $123) and kept a Buy rating, signaling fresh analyst confidence that could attract inflows and support the share price. Read More.
• Positive Sentiment: Citi says AI is already speeding account openings and systems upgrades (cutting onboarding times by roughly an hour). Operational automation lowers costs and can lift margins over time — a tangible efficiency story ahead of earnings. Read More.
• Positive Sentiment: Analyst estimate momentum: coverage notes and research (Zacks and others) point to improving bank fundamentals after recent macro relief (ceasefire), which supports expectations for better trading/loan margins in the quarter. Upward revisions can underpin multiple expansion. Read More.
• Neutral Sentiment: Event risk: Citigroup reports Q1 on April 14 with consensus roughly $2.61 EPS and $23.44B revenue — the print and management commentary (NII, trading, expense outlook, capital return) will determine near‑term direction. Volatility around the release is likely. Read More.
• Negative Sentiment: Some sell‑side moves cap upside: JPMorgan trimmed its price target slightly (from $134 to $131) while remaining constructive — such tweaks can temper momentum even if the rating stays positive. Read More.
• Negative Sentiment: Macro/geo risks remain: oil, rate expectations and Middle East volatility can swing trading revenue, loan demand and market sentiment quickly; ceasefire relief has helped banks, but the situation is fragile. Watch oil and Fed messaging. Read More.

Insider Transactions at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on C. JPMorgan Chase & Co. cut their price objective on shares of Citigroup from $134.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays boosted their price objective on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Morgan Stanley set a $152.00 price objective on shares of Citigroup in a research report on Tuesday, February 17th. Wells Fargo & Company set a $150.00 price objective on shares of Citigroup in a research report on Monday, January 5th. Finally, Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

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.