CI Investments Inc. reduced its stake in Citigroup Inc. (NYSE:C – Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,151,460 shares of the company’s stock after selling 25,661 shares during the quarter. CI Investments Inc.’s holdings in Citigroup were worth $130,587,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in C. Norges Bank purchased a new position in Citigroup during the fourth quarter valued at $2,800,944,000. Vanguard Group Inc. grew its stake in shares of Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after acquiring an additional 4,938,923 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Citigroup during the fourth quarter valued at $298,082,000. SEB Asset Management AB bought a new position in shares of Citigroup during the first quarter valued at $252,972,000. Finally, SG Americas Securities LLC raised its position in shares of Citigroup by 291.4% in the 4th quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock worth $153,978,000 after purchasing an additional 2,008,946 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.
Citigroup Trading Up 3.2%
Shares of NYSE:C opened at $132.82 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. Citigroup Inc. has a 1 year low of $87.94 and a 1 year high of $147.96. The company has a market cap of $226.54 billion, a P/E ratio of 14.34, a PEG ratio of 0.58 and a beta of 1.11. The stock’s fifty day moving average price is $134.53 and its 200-day moving average price is $123.56.
Citigroup announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Insider Activity
In other news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares in the company, valued at $1,527,908.20. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler reiterated an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Friday. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.
Get Our Latest Research Report on C
Citigroup News Summary
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Citigroup posted strong Q2 results, with net income surging 45% and revenue reaching a decade high of $24.8 billion, reinforcing the case that the bank’s turnaround is gaining traction. Citi (C) Q2 2026 Earnings Call Transcript
- Positive Sentiment: The board declared a quarterly common-stock dividend of $0.67 per share, which signals confidence in capital strength and provides an immediate return to shareholders. Citigroup Declares Common Stock Dividend
- Positive Sentiment: Analysts are also highlighting Citigroup’s strong earnings momentum, rising earnings estimates, and relatively low valuation, which may be adding to bullish sentiment. Citigroup and J&J Snack have been highlighted as Zacks Bull and Bear of the Day
- Neutral Sentiment: Citigroup also remains active in capital markets, leading a lending group preparing a $1.5 billion leveraged loan for Veritas Capital’s BGIS acquisition, which points to steady deal-making but is not a major stock catalyst by itself. Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy
- Neutral Sentiment: Separately, Citi strategists said the “Magnificent Seven” label is outdated and that U.S. stock positioning may still have room to unwind, a broader market call that does not directly change Citigroup’s fundamentals. No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues
Citigroup Profile
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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