Glenview Trust Co reduced its stake in Citigroup Inc. (NYSE:C – Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,102 shares of the company’s stock after selling 4,469 shares during the period. Glenview Trust Co’s holdings in Citigroup were worth $29,385,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Whipplewood Advisors LLC purchased a new stake in Citigroup during the 1st quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new position in Citigroup during the 4th quarter valued at about $25,000. Richards Merrill & Peterson Inc. purchased a new position in Citigroup during the 4th quarter valued at about $28,000. TD Capital Management LLC bought a new stake in shares of Citigroup during the fourth quarter valued at about $28,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Citigroup during the first quarter valued at about $29,000. 71.72% of the stock is currently owned by institutional investors.
Citigroup Price Performance
Shares of Citigroup stock opened at $128.73 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. Citigroup Inc. has a 52-week low of $87.94 and a 52-week high of $147.96. The company has a fifty day moving average of $134.40 and a 200-day moving average of $123.45. The stock has a market capitalization of $219.56 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.59 and a beta of 1.11.
Citigroup declared that its board has initiated a stock repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Citigroup News Roundup
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
C has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. upped their target price on shares of Citigroup from $135.50 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Barclays increased their target price on shares of Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Argus set a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Finally, Truist Financial decreased their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.67.
View Our Latest Stock Report on C
Insider Activity
In other news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the transaction, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.
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.
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