Citigroup Inc. $C Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 11.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,213,694 shares of the company’s stock after selling 424,888 shares during the quarter. Principal Financial Group Inc. owned approximately 0.17% of Citigroup worth $326,188,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in C. Brookstone Capital Management lifted its position in shares of Citigroup by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after acquiring an additional 18,176 shares during the period. Permanent Capital Management LP acquired a new position in Citigroup during the third quarter worth $1,238,000. Penobscot Investment Management Company Inc. boosted its position in Citigroup by 61.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after purchasing an additional 21,720 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after purchasing an additional 16,171 shares during the last quarter. Finally, Keystone Financial Services acquired a new stake in Citigroup in the second quarter valued at $216,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on C. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. Oppenheimer raised their target price on shares of Citigroup from $141.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $107.00 to $124.00 in a report on Friday, December 12th. Piper Sandler set a $135.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Finally, Wells Fargo & Company set a $150.00 price objective on Citigroup in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup Stock Up 0.4%

Shares of NYSE C opened at $115.68 on Monday. The firm’s 50 day moving average price is $113.67 and its 200 day moving average price is $103.18. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $206.98 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17.

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

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup India said to hire Ankur Khurana to head commercial banking — adds experienced leadership to a high-growth region and supports loan and fee-income expansion in Asia. Citigroup India said to hire Ankur Khurana to head commercial banking
• Positive Sentiment: Q4 earnings beat on EPS ($1.81 vs. $1.65 expected) — the surprise on the bottom line supports investor confidence in Citi’s core profitability, despite a revenue miss; helps justify current valuation and steadies sentiment heading into the quarter.
• Neutral Sentiment: Nomura temporarily reducing crypto exposure — signals broader caution at banks with digital-asset units; may temper enthusiasm for financials with crypto operations but doesn’t directly implicate Citi’s strategy. Nomura temporarily reduces crypto exposure as Q3 profits drop
• Neutral Sentiment: Ghana advances crypto regulation — greater regulatory clarity can support institutional adoption over time but has limited near-term impact on Citi’s global earnings. Ghana Advances Crypto Regulation with NAVALI to Educate Citizens on Digital Assets
• Negative Sentiment: India STT hike sparks sell-off in broker/exchange stocks — the government’s move to raise securities transaction tax on F&O is increasing volatility in Indian financial names and could pressure sentiment around Citi’s regional businesses or trading revenues. F&O satta is highly risky… how can the government stay quiet: Nirmala Sitharaman on STT hike
• Negative Sentiment: U.S. political uncertainty and temporary government shutdown risk — headline-driven volatility can pressure trading volumes and capital-markets activity that contribute to Citi’s quarterly swings. Speaker Johnson: ‘Confident’ government shutdown will end by Tuesday

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.