SteelPeak Wealth LLC Cuts Position in Citigroup Inc. $C

SteelPeak Wealth LLC trimmed its position in shares of Citigroup Inc. (NYSE:C) by 47.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,064 shares of the company’s stock after selling 22,573 shares during the quarter. SteelPeak Wealth LLC’s holdings in Citigroup were worth $2,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Capital World Investors grew its stake in Citigroup by 6.5% in the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares during the period. Fisher Asset Management LLC grew its holdings in Citigroup by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock valued at $3,353,612,000 after buying an additional 879,056 shares during the period. Franklin Resources Inc. boosted its position in shares of Citigroup by 1.8% in the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company’s stock worth $3,336,362,000 after acquiring an additional 580,027 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Citigroup by 17.6% in the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock valued at $2,854,788,000 after purchasing an additional 4,211,099 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Citigroup by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 15,176,320 shares of the company’s stock worth $1,292,923,000 after purchasing an additional 535,950 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Management announced a reorganization of segment reporting and an updated capital-allocation framework for Q1 2026, which should improve transparency on business performance and help investors model returns and capital deployment. Citigroup Restructures Segment Reporting and Capital Allocation
• Positive Sentiment: The board declared a quarterly common-stock dividend of $0.60 per share (payable May 22), a clear shareholder-return signal that supports income-oriented investors and can bolster sentiment toward the stock. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Bank of America reiterated a Buy rating on Citi with a $140 price target, reinforcing analyst support and helping underpin demand amid broader market volatility. BofA Reiterates a Buy Rating on Citi (C)
• Neutral Sentiment: Market commentary and valuation pieces are keeping Citi in focus as investors weigh long‑term returns versus near-term volatility; these analyses are informative but do not constitute immediate catalysts. Citigroup (C) Valuation In Focus
• Neutral Sentiment: Short-term market coverage noted Citi outpaced the broader market in recent sessions — helpful context for flows but not a standalone fundamental change. Citigroup (C) Outpaces Stock Market Gains
• Negative Sentiment: Citi asked some staff in Paris and Frankfurt to work remotely after authorities foiled an alleged bomb plot targeting a U.S. bank in Paris — a precautionary step that raises operational disruption and security-cost concerns. Goldman, Citi staff to work remotely after foiled bomb attack on another bank in Paris
• Negative Sentiment: Broader macro pressure from higher oil prices and ongoing Iran-related geopolitical risk continues to weigh on financial-sector sentiment and could cap multiple expansion even as Citi reports steady fundamentals. MarketBeat Week in Review – 03/30 – 04/03

Wall Street Analyst Weigh In

A number of analysts have recently commented on C shares. Keefe, Bruyette & Woods upped their price objective on Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their target price on Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Monday, February 9th. UBS Group reissued a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Morgan Stanley set a $152.00 target price on shares of Citigroup in a report on Tuesday, February 17th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Citigroup Price Performance

Shares of NYSE:C opened at $115.27 on Friday. The company has a market cap of $201.64 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.74 and a beta of 1.11. The business has a 50 day moving average price of $112.74 and a 200 day moving average price of $108.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a twelve month low of $55.51 and a twelve month high of $125.16.

Citigroup (NYSE:C) last issued 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 the consensus estimate of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 2nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, February 2nd. Citigroup’s payout ratio is currently 34.43%.

Insider Buying and Selling

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

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.