Principal Financial Group Inc. Sells 237,490 Shares of Citigroup Inc. $C

Posted by Geri Gentry on Jul 15th, 2026

Principal Financial Group Inc. reduced its position in Citigroup Inc. (NYSE:C – Free Report) by 9.1% in the first quarter, Holdings Channel.com reports. The fund owned 2,385,387 shares of the company’s stock after selling 237,490 shares during the period. Principal Financial Group Inc.’s holdings in Citigroup were worth $270,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Citigroup in the 1st quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Citigroup during the fourth quarter valued at $25,000. Richards Merrill & Peterson Inc. bought a new position in shares of Citigroup during the fourth quarter valued at $28,000. TD Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $28,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of Citigroup during the fourth quarter valued at $32,000. 71.72% of the stock is owned by institutional investors.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup posted Q2 EPS of $3.15 and revenue of $24.77 billion, both above Wall Street estimates, driven by stronger fixed income trading and investment banking fees. Reuters: Citi results beat Wall St estimates on investment banking, trading strength
Positive Sentiment: The company said quarterly profit rose 45% year over year, highlighting improving operating momentum across its core businesses. Yahoo Finance: Citigroup Q2 2026 earnings beat every analyst estimate
Positive Sentiment: Management said Citi is moving closer to completing its transformation work, which supports the long-term turnaround thesis. Barrons: Citi Moves Toward Completing ‘Transformation’ Work, CFO Says
Neutral Sentiment: Citi also emphasized continued investments in technology and other strategic initiatives as part of its broader remake, keeping the focus on execution rather than near-term margin expansion. Seeking Alpha: Citigroup stock slides after comments on investments, staff cuts
Negative Sentiment: Shares fell after CEO Jane Fraser signaled the bank may speed up job cuts, with reports also pointing to about $800 million spent on the restructuring effort, raising concerns about costs and disruption. Newsbytes: Citigroup stock falls as Jane Fraser plans layoffs, $800 million spent

Insider Activity

In other news, Director John Cunningham Dugan sold 2,117 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 12,194 shares of the company’s stock, valued at $1,527,908.20. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by insiders.

Citigroup Stock Performance

C opened at $133.30 on Wednesday. The company’s 50 day moving average is $134.06 and its 200 day moving average is $123.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $227.35 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.66 and a beta of 1.11. Citigroup Inc. has a 12-month low of $87.94 and a 12-month high of $147.96.

Citigroup (NYSE:C – Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The business had revenue of $24.75 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that Citigroup Inc. will post 10.89 EPS for the current year.

Citigroup announced that its board has initiated a stock buyback plan on Thursday, May 7th that authorizes the company to buyback $30.00 billion in shares. This buyback authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on C. Wall Street Zen raised Citigroup from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on shares of Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Morgan Stanley lifted their price target 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. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $139.00 target price on shares of Citigroup in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Check Out Our Latest Report on C

About Citigroup

(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.