Citigroup Inc. $C Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of Citigroup Inc. (NYSE:C) by 45.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,382 shares of the company’s stock after buying an additional 43,638 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Citigroup were worth $14,147,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock worth $835,000 after buying an additional 1,669 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Citigroup by 5.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 58,062 shares of the company’s stock valued at $4,942,000 after buying an additional 3,238 shares during the period. Mutual Advisors LLC boosted its stake in Citigroup by 2.2% during the second quarter. Mutual Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,572,000 after buying an additional 405 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in Citigroup by 27.5% during the second quarter. Bridges Investment Management Inc. now owns 11,012 shares of the company’s stock worth $937,000 after acquiring an additional 2,372 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s rates desk warns markets are “too calm” about U.S. inflation — a view that implies higher‑for‑longer rates and could support banks’ net interest income (a key earnings driver). Read More.
• Positive Sentiment: Citi is expanding tokenized products to Solana, signaling growth in its digital‑assets and tokenization business — a potential revenue/fee diversification play if adoption rises. Read More.
• Positive Sentiment: Citi India management flagged trade‑deal driven investment opportunities — incremental international growth that could help long‑term revenue expansion. Read More.
• Positive Sentiment: The Fed is re‑calibrating supervision toward core financial stability and may ease some prior “matters requiring attention” (MRAs) — potentially lowering regulatory friction for large banks over time. Read More.
• Positive Sentiment: Citi’s incoming CFO publicly warned that a credit‑card rate cap would harm retail/travel/hospitality — a policy stance that, if it helps prevent restrictive caps, would protect card revenue and fees. Read More.
• Neutral Sentiment: Citi presented at major conferences (BoA, UBS); transcripts provide management commentary on strategy but no game‑changing guidance this round. Read More.
• Negative Sentiment: CEO Jane Fraser’s 2025 compensation was set at $42M (about $7.5M higher year‑over‑year). The pay increase — coming after layoffs — creates negative optics and shareholder pushback risk, which can weigh on sentiment. Read More.
• Negative Sentiment: Citi filed to create a new 6.5% Series JJ preferred stock — a capital‑raising tool that strengthens the balance sheet but can be seen as incremental claim senior to common equity and thus dilutive to common shareholders’ risk profile. Read More.

Wall Street Analysts Forecast Growth

Several analysts recently commented on C shares. 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. UBS Group reaffirmed a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a report on Thursday, January 15th. Morgan Stanley raised their price objective on Citigroup from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $121.00 target price 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.19.

Citigroup Stock Performance

Shares of NYSE C opened at $111.12 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99. Citigroup Inc. has a one year low of $55.51 and a one year high of $125.16. The business’s 50-day moving average price is $116.35 and its two-hundred day moving average price is $104.55. The company has a market capitalization of $198.82 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18.

Citigroup (NYSE:C) last announced its quarterly 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 company had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

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.