Citigroup Inc. $C Stock: Sumitomo Mitsui Trust Group Inc. Trims Position

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Citigroup Inc. (NYSE:C) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,572,276 shares of the company’s stock after selling 313,058 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Citigroup were worth $462,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CFS Investment Advisory Services LLC grew its stake in shares of Citigroup by 0.4% in the 1st quarter. CFS Investment Advisory Services LLC now owns 20,596 shares of the company’s stock valued at $2,336,000 after purchasing an additional 79 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Citigroup by 1.8% in the third quarter. Grove Bank & Trust now owns 4,549 shares of the company’s stock valued at $589,000 after purchasing an additional 79 shares during the period. American Trust increased its holdings in shares of Citigroup by 3.6% in the second quarter. American Trust now owns 2,331 shares of the company’s stock valued at $326,000 after purchasing an additional 80 shares during the period. Invst LLC increased its holdings in shares of Citigroup by 0.8% in the second quarter. Invst LLC now owns 9,601 shares of the company’s stock valued at $1,344,000 after purchasing an additional 80 shares during the period. Finally, Tsfg LLC raised its stake in shares of Citigroup by 4.9% during the second quarter. Tsfg LLC now owns 1,701 shares of the company’s stock worth $238,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Down 2.5%

Shares of NYSE:C opened at $122.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. Citigroup Inc. has a 52-week low of $95.83 and a 52-week high of $147.96. The stock’s fifty day simple moving average is $130.02 and its 200-day simple moving average is $126.44. The company has a market capitalization of $209.14 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.54 and a beta of 1.13.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. Citigroup had a net margin of 10.97% and a return on equity of 10.57%. The business had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 11.44 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.68 annualized dividend and a yield of 2.2%. Citigroup’s dividend payout ratio is 26.15%.

Analyst Upgrades and Downgrades

C has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a research report on Wednesday, October 14th. UBS Group set a $148.00 price objective on Citigroup in a report on Wednesday, October 14th. Weiss Ratings cut Citigroup from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Truist Financial cut their target price on Citigroup from $158.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Loop Capital set a $155.00 price target on Citigroup in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $150.87.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

About Citigroup

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.