Citigroup Inc. $C Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Citigroup Inc. (NYSE:C) by 31.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 558,462 shares of the company’s stock after purchasing an additional 134,463 shares during the quarter. Teacher Retirement System of Texas’ holdings in Citigroup were worth $56,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Citigroup by 166.9% in the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Citigroup by 20.5% in the second quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Citigroup in the second quarter valued at approximately $783,000. Mather Group LLC. grew its position in shares of Citigroup by 15.6% in the second quarter. Mather Group LLC. now owns 7,186 shares of the company’s stock valued at $612,000 after purchasing an additional 968 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Citigroup by 3.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 42,313 shares of the company’s stock worth $3,602,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts largely dismissed fears of a multiple re-rating after Citigroup’s stronger-than-expected Q4 update, arguing core results and progress on restructuring reduce downside risk for the stock. Analysts Dismiss Re-Rating Fears After Bright Citigroup (C) Earnings Update
• Positive Sentiment: Company messaging and coverage signal stabilizing core businesses and tangible progress on the 80% overhaul/streamlining plan, which supports medium-term margin improvement expectations. Citigroup (C) Signals Stabilizing Core Businesses and Progress on Strategic Streamlining
• Positive Sentiment: Zacks added Citigroup to its Rank #1 (Strong Buy) list today, a vote of analyst confidence that can attract momentum buyers and institutional interest. New Strong Buy Stocks for January 23rd
• Neutral Sentiment: Reports say JPMorgan and Citigroup are considering fixed-pay cuts for senior UK executives — a small-cost-control measure that is unlikely to move U.S. earnings materially but signals ongoing expense management. JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
• Negative Sentiment: Exclusive Reuters report says Citigroup will lay off more employees in March after ~1,000 job cuts this month — a sign of deeper restructuring that may cut costs but also signals execution risk and short-term disruption. Exclusive: Citigroup to lay off more employees in March, sources say
• Negative Sentiment: Reports that Citi is exploring a 10% capped-rate credit-card product (to address political pressure) and CEO warnings that rate caps would restrict credit suggest potential margin compression and regulatory risk if a cap or voluntary product becomes widespread. Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports
• Negative Sentiment: Citi research flagged risks from Japan bond-market turmoil (potential large Treasury selling), a macro shock that could widen funding costs and volatility—an indirect headwind for large banks. Japan Bond Turmoil Risks Up to $130 Billion Treasury Selling, Citi Says

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on C. Keefe, Bruyette & Woods upped their target price on Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Piper Sandler set a $135.00 price objective on Citigroup in a research note on Thursday, January 15th. Truist Financial lifted their price objective on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group upped their target price on shares of Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Barclays raised their price target on shares of Citigroup from $115.00 to $146.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Citigroup Trading Up 1.5%

Shares of C stock opened at $115.55 on Friday. The firm’s 50-day simple moving average is $111.77 and its 200-day simple moving average is $101.83. 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 Inc. has a 1-year low of $55.51 and a 1-year high of $124.17. The firm has a market cap of $206.75 billion, a P/E ratio of 16.58, a PEG ratio of 0.72 and a beta of 1.18.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors 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 2.1%. The ex-dividend date of this dividend is Monday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 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.