North Dakota State Investment Board lifted its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,752 shares of the company’s stock after purchasing an additional 21,716 shares during the period. North Dakota State Investment Board’s holdings in Citigroup were worth $9,549,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in Citigroup in the 2nd quarter valued at $898,000. Andra AP fonden lifted its holdings in Citigroup by 22.3% during the 2nd quarter. Andra AP fonden now owns 274,600 shares of the company’s stock valued at $38,433,000 after purchasing an additional 50,100 shares during the last quarter. Saudi Central Bank boosted its position in Citigroup by 80.8% during the second quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock worth $16,710,000 after purchasing an additional 53,348 shares during the period. Concurrent Investment Advisors LLC boosted its position in Citigroup by 30.7% during the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock worth $18,467,000 after purchasing an additional 31,007 shares during the period. Finally, State Street Corp boosted its position in Citigroup by 3.7% during the second quarter. State Street Corp now owns 80,956,349 shares of the company’s stock worth $11,199,986,000 after purchasing an additional 2,913,701 shares during the period. 71.72% of the stock is owned by institutional investors.
Key Citigroup News
Here are the key news stories impacting Citigroup this week:
- Positive Sentiment: Profitability is improving. Citigroup’s return on tangible common equity rose 400 basis points year over year to 12.6% during the first nine months of 2026. The improvement was attributed to revenue growth, cost savings, resilient net interest income and better operating execution. The company also recently exceeded quarterly earnings and revenue expectations, supporting the case for further upside. C’s Profitability Gains Accelerate: Is the Stock Worth Buying Now?
- Positive Sentiment: Card partnerships are being strengthened. Citi and American Airlines announced enhancements to select AAdvantage cards, including additional ways to earn miles and new travel benefits. Citi also added Copa Airlines’ ConnectMiles as a ThankYou Rewards transfer partner, which could improve card engagement, customer retention and fee income. American Airlines and Citi Enhance Citi AAdvantage Cards
- Neutral Sentiment: Wealth-management commentary was broadly strategic. Citi Wealth head Andy Sieg discussed potential stress in private credit and the bank’s use of artificial intelligence, including its focus on AI safety. The comments reinforce Citi’s technology and wealth-management priorities but do not provide a direct earnings catalyst. Citi’s Andy Sieg Discusses Private Credit and AI
- Neutral Sentiment: Analyst activity highlights Citi’s broader research platform. Citi upgraded MercadoLibre to Buy and issued research on extreme small-cap short positioning. These items may support Citi’s investment-banking and markets franchise, but they have limited immediate impact on C’s earnings. Citigroup Upgrades MercadoLibre to Buy
- Negative Sentiment: Higher-rate risks remain. A broader market analysis warned that rising Treasury yields, persistent inflation and heavy government and AI-related borrowing could pressure valuations and financial conditions. Higher rates can support net interest income, but sustained market stress or credit deterioration could weigh on banks, including Citigroup. Why Rising Rates Could Break the Bull Market
Analyst Ratings Changes
Several equities analysts have commented on the stock. Loop Capital set a $155.00 price objective on shares of Citigroup in a report on Tuesday, October 13th. Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen reduced their target price on shares of Citigroup from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Citigroup from $149.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.79.
Check Out Our Latest Analysis on C
Citigroup Price Performance
Shares of NYSE C opened at $124.15 on Thursday. The firm has a market cap of $211.75 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The business’s 50 day moving average is $130.31 and its 200-day moving average is $126.40.
Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.19. The business had revenue of $23.84 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.86 EPS. Equities research analysts predict that Citigroup Inc. will post 11.44 earnings per share for the current year.
Citigroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup’s dividend payout ratio (DPR) is presently 26.15%.
Citigroup Company Profile
Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.
Citi’s consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.
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