Matrix Trust Co Cuts Position in Citigroup Inc. $C

Matrix Trust Co reduced its position in Citigroup Inc. (NYSE:C) by 25.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,350 shares of the company’s stock after selling 4,832 shares during the quarter. Matrix Trust Co’s holdings in Citigroup were worth $2,008,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Baron Financial Group LLC lifted its position in Citigroup by 37.0% during the second quarter. Baron Financial Group LLC now owns 7,809 shares of the company’s stock valued at $1,093,000 after buying an additional 2,109 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Citigroup by 6,204.3% in the second quarter. Contravisory Investment Management Inc. now owns 8,700 shares of the company’s stock worth $1,218,000 after acquiring an additional 8,562 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of Citigroup by 6.0% in the second quarter. Focus Financial Network Inc. now owns 4,502 shares of the company’s stock worth $630,000 after acquiring an additional 255 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Citigroup in the 2nd quarter valued at $1,620,000. Finally, Great Waters Wealth Management purchased a new position in shares of Citigroup in the 2nd quarter valued at $202,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on C shares. The Goldman Sachs Group upped their price target on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods upped their target price on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.22.

Citigroup Price Performance

Shares of C stock opened at $134.95 on Monday. The firm has a fifty day simple moving average of $136.81 and a 200-day simple moving average of $124.88. The company has a market capitalization of $230.17 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. Citigroup Inc. has a twelve month low of $90.68 and a twelve month high of $147.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the previous year, the firm posted $1.96 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.67 per share. This is a boost from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 3rd. Citigroup’s payout ratio is 28.94%.

Citigroup declared that its board has approved a stock buyback program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
• Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
• Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
• Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last

About Citigroup

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.