Glenview Trust Co Lowers Position in Citigroup Inc. $C

Glenview Trust Co lessened its stake in Citigroup Inc. (NYSE:C) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,102 shares of the company’s stock after selling 4,469 shares during the quarter. Glenview Trust Co’s holdings in Citigroup were worth $29,385,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of C. Summit Global Investments grew its holdings in Citigroup by 2.7% during the first quarter. Summit Global Investments now owns 13,637 shares of the company’s stock worth $1,547,000 after buying an additional 356 shares in the last quarter. MWA Asset Management lifted its stake in Citigroup by 2.4% during the 1st quarter. MWA Asset Management now owns 14,215 shares of the company’s stock valued at $1,508,000 after acquiring an additional 329 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Citigroup by 62.5% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 32,210 shares of the company’s stock valued at $3,653,000 after acquiring an additional 12,383 shares in the last quarter. Florida Financial Advisors LLC boosted its holdings in Citigroup by 7.6% during the 1st quarter. Florida Financial Advisors LLC now owns 3,548 shares of the company’s stock worth $402,000 after acquiring an additional 250 shares during the last quarter. Finally, Beta Wealth Group Inc. boosted its holdings in Citigroup by 4.9% during the 1st quarter. Beta Wealth Group Inc. now owns 6,522 shares of the company’s stock worth $740,000 after acquiring an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup was highlighted by Zacks as a “Bull of the Day” after its strong second-quarter results, rising earnings estimates, and still-reasonable valuation reinforced the case for the stock. Citigroup and J&J Snack have been highlighted as Zacks Bull and Bear of the Day
• Positive Sentiment: Analysts continued to raise estimates for Citigroup, including an FY2026 EPS increase from Erste Group Bank, which supports the view that earnings momentum remains constructive. Citigroup FY2026 EPS Estimate Increased by Erste Group Bank
• Positive Sentiment: Citi’s own research said the bank can reach its medium-term ROTCE target by expanding higher-return businesses, cutting costs, and deploying capital more efficiently, a reminder of management’s profitability roadmap. How Does Citigroup Plan to Achieve Its Medium-Term ROTCE Target?
• Neutral Sentiment: Citigroup is leading a bank group arranging a $1.5 billion leveraged loan for Veritas Capital’s BGIS acquisition, which shows continued deal activity but is unlikely to materially move the stock on its own. Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy
• Neutral Sentiment: Citi also drew attention for a market strategy note saying the “Magnificent Seven” no longer fully explains the AI trade, reflecting broader Street positioning rather than a direct bank-specific catalyst. No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues
• Negative Sentiment: Citigroup’s stock was noted as the lone major U.S. bank trading below its 50-day moving average, a technical signal that may reinforce short-term caution. Citigroup lone major US bank below 50-day moving average
• Negative Sentiment: Broader risk sentiment worsened after news that the Trump administration plans 50% tariffs on some Canadian goods, which could raise trade-war concerns and weigh on financial stocks. US Sets 50% Tariff on Some Canadian Goods Over Retaliation Claim
• Negative Sentiment: Citigroup also downgraded South Korea to neutral amid AI-chip volatility, underscoring a more cautious tone around parts of the global growth and tech cycle. Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $150.00 price objective on shares of Citigroup in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.67.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares in the company, valued at $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by company insiders.

Citigroup Stock Performance

Shares of C opened at $128.73 on Tuesday. Citigroup Inc. has a 1 year low of $87.94 and a 1 year high of $147.96. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $134.40 and its two-hundred day moving average price is $123.45. The firm has a market cap of $219.56 billion, a PE ratio of 13.90, a PEG ratio of 0.59 and a beta of 1.11.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.75 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 11.15 EPS for the current year.

Citigroup declared that its board has approved a stock buyback program on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.