Arizona State Retirement System Cuts Position in Citigroup Inc. $C

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

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. Geode Capital Management LLC grew its position in shares of Citigroup by 1.0% in 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 purchasing an additional 411,894 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares during the period. Fisher Asset Management LLC lifted its holdings in Citigroup by 3.2% during 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 purchased a new stake in Citigroup during the 2nd quarter worth about $2,455,929,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 0.8%

C opened at $115.11 on Friday. The stock has a 50-day moving average of $113.33 and a 200 day moving average 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 Inc. has a 12 month low of $55.51 and a 12 month high of $124.17. The firm has a market cap 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.

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

Citigroup Announces Dividend

The firm also recently declared 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 2.1%. The ex-dividend date of this dividend is Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a report on Monday, January 5th. Piper Sandler set a $135.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Oppenheimer raised their price target on Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Finally, Wolfe Research restated an “outperform” rating and issued a $141.00 target price on shares of Citigroup in a research note on Wednesday, January 7th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

More Citigroup News

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

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.