Jennison Associates LLC Boosts Stock Position in Citigroup Inc. $C

Jennison Associates LLC raised its stake in Citigroup Inc. (NYSE:C) by 2,496.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 564,595 shares of the company’s stock after buying an additional 542,846 shares during the quarter. Jennison Associates LLC’s holdings in Citigroup were worth $65,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in C. Wolff Wiese Magana LLC grew its stake in Citigroup by 87.6% in the third quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in Citigroup in the fourth quarter valued at about $28,000. Dunhill Financial LLC grew its stake in Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. Guerra Advisors Inc purchased a new position in Citigroup in the third quarter valued at about $33,000. Finally, MH & Associates Securities Management Corp ADV purchased a new position in Citigroup in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of NYSE C opened at $127.97 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99. The company has a market cap of $219.46 billion, a PE ratio of 15.86, a P/E/G ratio of 0.57 and a beta of 1.11. The business has a 50-day simple moving average of $117.01 and a two-hundred day simple moving average of $112.16. Citigroup Inc. has a fifty-two week low of $67.89 and a fifty-two week high of $135.29.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

Insider Activity

In related news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider owned 182,022 shares of the company’s stock, valued at $23,919,511.02. The trade was a 12.08% decrease in their ownership of the stock. 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 Citigroup stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the sale, the insider directly owned 45,835 shares of the company’s stock, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 92,318 shares of company stock valued at $10,764,814. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on C shares. The Goldman Sachs Group lifted their target price on Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Barclays lifted their target price on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Jefferies Financial Group assumed coverage on Citigroup in a research note on Thursday, March 26th. They issued a “buy” rating and a $135.00 target price on the stock. Wolfe Research reissued an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a report on Wednesday, January 7th. Finally, Oppenheimer raised their price target on Citigroup from $132.00 to $144.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $136.32.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citigroup to $135.50 and put the stock on an “-overweight” rating, implying further upside and reinforcing buy-side momentum. Read More.
• Positive Sentiment: Erste Group boosted its FY2026 and FY2027 EPS forecasts for Citi (higher earnings outlook supports valuation and buy-side sentiment). Read More.
• Positive Sentiment: Senior hiring and expansion moves: Citi appointed JPMorgan’s Shukla as head of Asia infrastructure and hired senior coverage leaders (Potts) while targeting senior hires in Japan/China — moves that strengthen M&A, infrastructure and cross-border franchises. These hires support revenue growth in higher-fee businesses. Read More.
• Positive Sentiment: Citi was nominated for a BeInCrypto institutional award for leadership in digital asset adoption (CIDAP and token services), highlighting potential growth in fee-based digital services. Read More.
• Neutral Sentiment: Market and regulatory updates: Citi issued participation notifications (technical/regulatory disclosures) — routine but relevant for governance and compliance watchers. Read More.
• Neutral Sentiment: Coverage and media pieces (Zacks, Yahoo) are driving investor attention and conversation around Citi’s strategic moves and potential involvement in a complex deal; these are informational and may increase trading volume but are not definitive catalysts. Read More. Read More.
• Neutral Sentiment: Citi’s Japan banking head says the firm seeks expansion there despite a talent crunch — signals ongoing strategic focus on Asian growth, but execution risk remains. Read More.
• Neutral Sentiment: Macro backdrop: the Fed left rates unchanged in a divided vote, a development that keeps loan and deposit margins (and investor sentiment) in focus for banks including Citi. Read More.
• Negative Sentiment: Reputational/legal headline: a report says Citi paid an ex-JPMorgan banker $52M despite allegations of bullying and abusive behavior — a potential reputational and governance overhang that could attract scrutiny and increase legal/compensation questions. Read More.

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.