Manhattan West Asset Management LLC Trims Stock Position in Citigroup Inc. $C

Manhattan West Asset Management LLC cut its stake in shares of Citigroup Inc. (NYSE:C) by 21.4% in the 4th quarter, Holdings Channel reports. The fund owned 57,419 shares of the company’s stock after selling 15,622 shares during the quarter. Citigroup accounts for approximately 1.4% of Manhattan West Asset Management LLC’s portfolio, making the stock its 20th biggest position. Manhattan West Asset Management LLC’s holdings in Citigroup were worth $6,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC raised its position in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Citigroup during the 4th quarter worth $28,000. Dunhill Financial LLC raised its position in Citigroup by 92.2% during the 3rd quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock worth $32,000 after buying an additional 153 shares during the last quarter. Guerra Advisors Inc purchased a new position in Citigroup during the 3rd quarter worth $33,000. Finally, MH & Associates Securities Management Corp ADV purchased a new position in Citigroup during the 4th quarter worth $35,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on C shares. TD Cowen restated a “hold” rating on shares of Citigroup in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Royal Bank Of Canada restated an “outperform” rating and set a $139.00 price objective on shares of Citigroup in a research report on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group started coverage on shares of Citigroup in a research report on Thursday, March 26th. They set a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.79.

Insiders Place Their Bets

In other news, insider Edward Skyler sold 25,000 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the transaction, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This represents a 12.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 in the company, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 92,318 shares of company stock worth $10,764,814. Corporate insiders own 0.11% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citi and assigned an “overweight” rating, implying upside from current levels — a buy-side pillar that can support the stock. Benzinga
• Positive Sentiment: Unusually large call-option buying: traders bought roughly 125,853 Citi calls (about +68% vs. average), signaling short-term bullish positioning from options market participants — this can lift implied volatility and near-term demand for shares.
• Positive Sentiment: Strategic hires and expansion: Citi continues to add senior bankers in Asia and other units to boost cross-border M&A and infrastructure capabilities, which supports revenue growth prospects. Bloomberg: Shukla hire
• Positive Sentiment: Citi is advancing its planned disinvestment from Banamex with new investors on board, reducing legacy-country risk and helping clean up the balance sheet over time. Mexico News Daily
• Positive Sentiment: Recognition in digital assets: Citi received institutional nomination for digital asset adoption, supporting its positioning in tokenization and custody services — a potential long-term revenue stream. BeInCrypto
• Neutral Sentiment: Citi research commentary (e.g., on gold) and routine regulatory/participation notices are being circulated but are unlikely to move the stock materially on their own.
• Negative Sentiment: Reputational/legal risk: media reports about Citi hiring ex-JPMorgan banker Vis Raghavan (and a $52M payout despite past allegations) are drawing attention and could be a governance/reputational overhang for some investors. Inc.
• Negative Sentiment: Macro/geopolitical volatility — including Japan’s FX intervention (sharp yen moves) and recent Middle East developments — raises trading and market-risk uncertainty; that can pressure bank stocks via trading revenue swings and risk-off flows. Bloomberg/Yahoo

Citigroup Stock Performance

NYSE:C opened at $127.44 on Friday. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. Citigroup Inc. has a fifty-two week low of $69.17 and a fifty-two week high of $135.29. The stock has a market cap of $218.55 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.14. The firm’s fifty day simple moving average is $117.01 and its 200-day simple moving average is $112.16.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.63 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the company posted $1.96 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Citigroup Inc. will post 10.66 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup’s dividend payout ratio is 29.74%.

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.