Massachusetts Financial Services Co. MA Decreases Stake in Citigroup Inc. $C

Massachusetts Financial Services Co. MA cut its holdings in shares of Citigroup Inc. (NYSE:C) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,434,633 shares of the company’s stock after selling 1,177,291 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.89% of Citigroup worth $1,668,115,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Citigroup by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. Geode Capital Management LLC raised its holdings in shares of Citigroup by 1.0% during the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock valued at $3,645,084,000 after purchasing an additional 411,894 shares during the last quarter. Franklin Resources Inc. lifted its position in Citigroup by 2.2% during the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares during the period. Fisher Asset Management LLC boosted its holdings in Citigroup by 3.2% in the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock worth $2,737,583,000 after purchasing an additional 988,152 shares during the last quarter. Finally, Norges Bank bought a new stake in Citigroup in the 2nd quarter worth approximately $2,455,929,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q4 EPS beat and dealmaking strength — Citi reported $1.81 EPS vs. $1.65 expected and management highlighted a rebound in investment banking and corporate client fees, which supports earnings momentum and valuation re-ratings. Citigroup profit beats estimates as dealmaking rebounds
• Positive Sentiment: Analyst support and price-target lifts — Several firms refreshed views after the quarter (Wolfe Research cited constructive subsector outlook; RBC reaffirmed an outperform). That analyst activity can provide near-term buy-side support. Wolfe Research Raises Citigroup PT RBC Reaffirms Outperform (Benzinga)
• Neutral Sentiment: Unusual options activity — Large call buying was observed (≈108,979 calls, ~34% above average). That’s a bullish short-term signal but could reflect hedging or speculative flow rather than firm fundamental conviction.
• Negative Sentiment: Revenue miss and one‑time Russia loss — Revenue missed Street estimates and reported profit was pulled down by a Russia‑unit sale; the WSJ noted the profit drop tied to that divestiture, which tempers the headline EPS beat. Citigroup’s Fourth Quarter Profit Drops After Russia Sale (WSJ)
• Negative Sentiment: Cost cuts and restructuring risk — CEO Jane Fraser signaled more job cuts and the firm is executing layoffs (1,000 announced this week; a broader plan targets many more), which could weigh on near‑term morale, execution risk and transition costs. Citigroup CEO Signals More Job Cuts (TipRanks)
• Negative Sentiment: Credit-card exposure and regulatory/sector headwinds — Commentaries flagged Citi’s consumer/credit-card exposures as a vulnerability and the broader bank sector saw selling after earnings amid valuation scrutiny and political talk of credit-rate caps, creating an ongoing overhang. Record earnings overshadowed by credit-card exposure (TipRanks) Bank Stocks Get Punished After Earnings (MarketBeat)

Analysts Set New Price Targets

Several research firms have recently weighed in on C. Wells Fargo & Company set a $150.00 price target on Citigroup in a report on Monday, January 5th. Keefe, Bruyette & Woods increased their target price on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Barclays boosted their price target on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Bank of America upped their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.65.

Citigroup Price Performance

Shares of NYSE:C opened at $118.21 on Friday. The company has a market capitalization of $211.51 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.45 and a beta of 1.18. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The firm’s 50 day simple moving average is $110.67 and its two-hundred day simple moving average is $101.17. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The firm had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the firm earned $1.34 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

Citigroup Company 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.