Sumitomo Mitsui Trust Group Inc. Cuts Position in Citigroup Inc. $C

Posted by on Jul 9th, 2026

Sumitomo Mitsui Trust Group Inc. decreased its stake in Citigroup Inc. (NYSE:C – Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,036,831 shares of the company’s stock after selling 311,577 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Citigroup were worth $457,817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in C. Norges Bank acquired a new position in Citigroup during the fourth quarter worth about $2,800,944,000. Vanguard Group Inc. lifted 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 valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Citigroup during the 4th quarter valued at approximately $298,082,000. SG Americas Securities LLC boosted its stake in shares of Citigroup by 291.4% during the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after acquiring an additional 2,008,946 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Citigroup by 52.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company’s stock worth $538,389,000 after acquiring an additional 1,816,786 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

  • Positive Sentiment: Citigroup received bullish analyst attention, including a Bank of America price target increase to $176 and a separate UBS target hike to $150, signaling confidence in the bank’s earnings outlook and upside potential.
  • Positive Sentiment: The company was also cited as benefiting from a strong banking backdrop ahead of Q2 earnings, with Wall Street expecting higher revenue and profit growth for financial stocks overall.
  • Positive Sentiment: Citi expanded its commodities franchise by joining London Precious Metals Clearing Limited and advising StepStone Group on a landmark $3.3 billion structured solutions vehicle, both of which reinforce its capital-markets and clearing capabilities.
  • Neutral Sentiment: Citigroup heads into its July 14 earnings release with investor expectations elevated after a strong recent share-price run, so near-term moves may reflect positioning ahead of results rather than a fundamental change.
  • Neutral Sentiment: Recent articles also noted that Citi is projected to report earnings next week and that financial stocks broadly remain in focus as investors look for confirmation of loan-growth and net-interest-margin trends.

Insider Buying and Selling

In related news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.30, for a total transaction of $265,260.10. Following the sale, the director owned 12,194 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $139.00 target price on shares of Citigroup in a research report on Wednesday, April 15th. Morgan Stanley upped their target price on Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Jefferies Financial Group began coverage on Citigroup in a research report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price target on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Get Our Latest Report on Citigroup

Citigroup Price Performance

NYSE:C opened at $137.40 on Thursday. Citigroup Inc. has a 12-month low of $85.59 and a 12-month high of $147.96. The firm has a market cap of $234.35 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11. The company’s 50-day moving average is $133.22 and its two-hundred day moving average is $122.55. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.35% and a return on equity of 9.19%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. Research analysts expect that Citigroup Inc. will post 10.85 EPS for the current year.

Citigroup declared that its board has authorized a stock buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Citigroup Profile

(Free Report)

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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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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