Citigroup Inc. $C Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its stake in Citigroup Inc. (NYSE:C) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 537,658 shares of the company’s stock after selling 12,503 shares during the period. Arizona State Retirement System’s holdings in Citigroup were worth $54,572,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after buying an additional 1,148,451 shares during the last quarter. Geode Capital Management LLC raised its position in Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after acquiring an additional 411,894 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Citigroup by 2.2% in the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after acquiring an additional 679,967 shares during the period. Fisher Asset Management LLC boosted its position in Citigroup by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after purchasing an additional 988,152 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Citigroup during the 2nd quarter worth approximately $2,455,929,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. HSBC reissued a “buy” rating and set a $87.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. UBS Group reiterated a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Oppenheimer raised their price objective on Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $107.00 to $124.00 in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup Trading Up 0.8%

Shares of C opened at $115.11 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The firm has a market capitalization of $205.96 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.73 and a beta of 1.18. The firm has a 50-day moving average price of $113.33 and a 200 day moving average price of $102.80. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63.

Citigroup (NYSE:C) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, beating 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 company had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business posted $1.34 EPS. Citigroup’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Short interest fell meaningfully in January (down ~12.7% month‑over‑month to ~25.2M shares), reducing a near‑term downside pressure and suggesting some investors are less bearish on C. This can support upside momentum as shorts cover and buyers step in.
• Positive Sentiment: Zacks and other analysts are highlighting Citigroup’s restructuring and stronger 2026 EPS outlook versus peers, which boosts conviction that the multi‑year overhaul could lift profitability and valuation. Citigroup or Wells Fargo: Which Bank Stock Has More Upside in 2026?
• Positive Sentiment: CEO Jane Fraser’s push to retrain ~175,000 employees for AI-driven change signals management is proactively addressing productivity and long‑run cost/revenue dynamics — a strategic positive for investors focused on efficiency gains. As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees
• Neutral Sentiment: Participation/ownership notifications filed in Europe (press release) are routine investor disclosure activity; they don’t change fundamentals but are worth monitoring for any large stake movements. Participation notifications by Citigroup Inc.
• Neutral Sentiment: Zacks notes Citigroup is attracting investor attention — increased interest can amplify moves in either direction depending on upcoming catalysts (earnings, restructuring updates). Citigroup Inc. (C) is Attracting Investor Attention
• Negative Sentiment: Citigroup is set to continue layoffs in March as part of a 20,000‑job reduction through 2026 — near‑term execution risk and potential costs (severance, disruption) could weigh on sentiment, though cuts are intended to improve long‑term margins. More Layoffs Are Coming at Citigroup in March
• Negative Sentiment: A former Citigroup managing director pleaded guilty to serious crimes in a separate case — a reputational negative that may draw media attention but is unlikely to have a large direct financial impact on the bank’s operations unless further internal issues emerge. Ex‑Citi Managing Director Pleads Guilty

About Citigroup

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.