Citigroup Inc. $C Shares Acquired by Parnassus Investments LLC

Parnassus Investments LLC increased its holdings in shares of Citigroup Inc. (NYSE:C) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,034,942 shares of the company’s stock after purchasing an additional 13,573 shares during the quarter. Parnassus Investments LLC’s holdings in Citigroup were worth $105,047,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of C. Vanguard Group Inc. boosted its stake in Citigroup by 0.7% in the second 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after acquiring an additional 411,894 shares during the last quarter. Franklin Resources Inc. raised its position in Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock worth $2,748,571,000 after buying an additional 679,967 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Citigroup by 3.2% during the second 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 acquired a new stake in Citigroup in the second quarter valued at about $2,455,929,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 0.6%

C stock opened at $121.33 on Friday. The company has a market cap of $217.08 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.47 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $124.17. The company has a 50 day moving average of $109.15 and a two-hundred day moving average of $99.93.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. Citigroup’s payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. Truist Financial increased their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Citigroup in a research note on Friday. Zacks Research downgraded shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a research report on Monday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.94.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts have raised Q4 earnings forecasts ahead of Citigroup’s upcoming report, citing stronger revenue and improved fundamentals that could beat consensus and support multiple expansion. Citigroup Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Positive Sentiment: Large, bullish options activity shows institutional “smart money” positioning for an upside move in Citi, a sign of conviction ahead of earnings. Smart Money Is Betting Big In Citigroup Options
• Positive Sentiment: Market commentary highlights Citigroup’s turnaround — coverage notes that Citi has recovered from deep-value status as profitability and returns on capital have improved, reinforcing investor confidence in the franchise. Citigroup Earnings Preview: The ‘Mess’ That Paid 100% Returns
• Positive Sentiment: High-profile endorsements and coverage (including commentary from CNBC/TV personalities) are reinforcing the “resurrection” narrative and drawing buyer interest. Jim Cramer Says Citigroup Will “Continue Its Resurrection From the Dead”
• Positive Sentiment: Management commentary and regional notes point to stronger deal activity in Asia-Pacific for 2026, which would support fee revenue and investment banking growth. Citigroup predicts strong deal activity in 2026 in Asia Pacific
• Neutral Sentiment: Pre-earnings analysis pieces dig into metrics beyond EPS (credit trends, trading, fees), useful for assessing whether the quarter’s beat is durable or one-off. Investors remain focused on those details at the Jan. 14 print. Countdown to Citigroup (C) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
• Neutral Sentiment: Broader market notes (weekly market rundowns) emphasize that bank earnings season and potential Fed rate cuts are key macro drivers for bank stocks generally; Citi benefits if rates stay supportive for net interest income. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Geopolitical/market opportunity in Venezuela appears to favor banks with deeper on-the-ground trade finance histories (JPMorgan cited as advantaged), which could limit Citi’s share of new cross-border oil-related financing opportunities. Focus: Banks eye Venezuela investment, JPMorgan seen with advantage
• Negative Sentiment: After a strong rally in 2025, some coverage flags that Citi’s valuation has moved to fair levels versus peers, which may temper near-term upside absent clear earnings acceleration or beats. This Dividend Stock Gained 66% Last Year. Is The 2026 Forecast As Bright?

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.