Swedbank AB decreased its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,333,971 shares of the company’s stock after selling 510,792 shares during the period. Citigroup comprises 1.2% of Swedbank AB’s holdings, making the stock its 12th largest holding. Swedbank AB owned approximately 0.58% of Citigroup worth $1,205,871,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares in the last quarter. Capital World Investors boosted its position in shares of Citigroup by 6.5% during 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 in the last quarter. Fisher Asset Management LLC boosted its position in shares of Citigroup by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company’s stock worth $3,353,612,000 after acquiring an additional 879,056 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Citigroup by 1.8% during the 3rd 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Citigroup by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.
Analysts Set New Price Targets
C has been the topic of several analyst reports. Morgan Stanley increased their price target on shares of Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. The Goldman Sachs Group increased their price objective on shares of Citigroup from $137.00 to $151.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $132.00 price target on shares of Citigroup in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.79.
Citigroup News Summary
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Citi will unveil medium‑term profit targets and is leaning on AI to grow its wealth business — management framed the investor day as evidence the multi‑year overhaul is starting to deliver both revenue and expense improvements, which supports higher forward earnings expectations. Citigroup to announce new profit targets at investor day, CEO says
- Positive Sentiment: Citi Wealth launched “Citi Sky,” an AI assistant built with Google Cloud/DeepMind to offer always‑on, advice‑focused digital interactions — a concrete push into fee‑based wealth tech that could expand client engagement and recurring revenues. Citi Sky AI Assistant Highlights Citigroup Wealth Push With Google Partnership
- Positive Sentiment: Citi has changed how referral pay works across banking and wealth — introducing “partnership awards” that pay employees directly for cross‑business lead generation rather than revenue‑sharing between units. That should accelerate cross‑sell and simplify economics of referrals, potentially boosting fee income (though it could raise near‑term compensation costs). Citigroup sets new rewards structure for banking and wealth referrals Citi changes referral pay for bankers and wealth advisers
- Positive Sentiment: Citi hired Raj Rathi to lead M&A in India, strengthening local deal advisory capabilities in a high‑growth market — a strategic hire that supports international fee income ambitions. Citibank onboards Raj Rathi to head M&A operations in India
- Neutral Sentiment: Analyst commentary and long‑term writeups (Zacks, BarChart, MSN) are generally constructive on Citi’s growth trajectory and valuation metrics, which likely supports investor appetite but doesn’t represent new company news. Are Wall Street Analysts Predicting Citigroup Stock Will Climb or Sink? Why Citigroup (C) is a Top Growth Stock for the Long-Term
Insider Buying and Selling at Citigroup
In other Citigroup news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider directly owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 92,318 shares of company stock valued at $10,764,814. Insiders own 0.11% of the company’s stock.
Citigroup Trading Up 2.0%
C opened at $128.08 on Wednesday. Citigroup Inc. has a 1-year low of $69.17 and a 1-year high of $135.29. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.59. The company has a market cap of $219.65 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a fifty day moving average price of $117.26 and a two-hundred day moving average price of $112.56.
Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Analysts predict that Citigroup Inc. will post 10.66 EPS for the current fiscal year.
Citigroup Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid 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 payout ratio is 29.74%.
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.
Further Reading
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