Illinois Municipal Retirement Fund Buys 43,638 Shares of Citigroup Inc. $C

Illinois Municipal Retirement Fund boosted its position in shares of Citigroup Inc. (NYSE:C) by 45.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,382 shares of the company’s stock after purchasing an additional 43,638 shares during the period. Illinois Municipal Retirement Fund’s holdings in Citigroup were worth $14,147,000 at the end of the most recent quarter.

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

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s rates desk warns markets are “too calm” about U.S. inflation — a view that implies higher‑for‑longer rates and could support banks’ net interest income (a key earnings driver). Read More.
• Positive Sentiment: Citi is expanding tokenized products to Solana, signaling growth in its digital‑assets and tokenization business — a potential revenue/fee diversification play if adoption rises. Read More.
• Positive Sentiment: Citi India management flagged trade‑deal driven investment opportunities — incremental international growth that could help long‑term revenue expansion. Read More.
• Positive Sentiment: The Fed is re‑calibrating supervision toward core financial stability and may ease some prior “matters requiring attention” (MRAs) — potentially lowering regulatory friction for large banks over time. Read More.
• Positive Sentiment: Citi’s incoming CFO publicly warned that a credit‑card rate cap would harm retail/travel/hospitality — a policy stance that, if it helps prevent restrictive caps, would protect card revenue and fees. Read More.
• Neutral Sentiment: Citi presented at major conferences (BoA, UBS); transcripts provide management commentary on strategy but no game‑changing guidance this round. Read More.
• Negative Sentiment: CEO Jane Fraser’s 2025 compensation was set at $42M (about $7.5M higher year‑over‑year). The pay increase — coming after layoffs — creates negative optics and shareholder pushback risk, which can weigh on sentiment. Read More.
• Negative Sentiment: Citi filed to create a new 6.5% Series JJ preferred stock — a capital‑raising tool that strengthens the balance sheet but can be seen as incremental claim senior to common equity and thus dilutive to common shareholders’ risk profile. Read More.

Analyst Ratings Changes

Several equities research analysts have recently commented on C shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their price target on Citigroup from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Monday. Wolfe Research reissued an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Morgan Stanley raised their target price on shares of Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.19.

Citigroup Price Performance

Shares of C opened at $111.12 on Friday. 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 capitalization of $198.82 billion, a PE ratio of 15.94, a P/E/G ratio of 0.75 and a beta of 1.18. The stock has a 50 day simple moving average of $116.35 and a 200 day simple moving average of $104.55. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16.

Citigroup (NYSE:C) last announced its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.2%. Citigroup’s payout ratio 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.