Citigroup Inc. $C Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Citigroup Inc. (NYSE:C) by 3.4% in the third quarter, Holdings Channel reports. The fund owned 2,377,488 shares of the company’s stock after buying an additional 78,035 shares during the period. Mackenzie Financial Corp’s holdings in Citigroup were worth $241,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Citigroup in the second quarter valued at approximately $2,455,929,000. Bank of New York Mellon Corp increased its stake in shares of Citigroup by 17.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares during the last quarter. Capital World Investors raised its holdings in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares during the period. Bessemer Group Inc. raised its holdings in shares of Citigroup by 6,172.0% during the 3rd quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after acquiring an additional 2,858,481 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Citigroup by 440.5% in the third quarter. Jupiter Asset Management Ltd. now owns 1,835,767 shares of the company’s stock valued at $186,330,000 after purchasing an additional 1,496,125 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the topic of several analyst reports. Piper Sandler set a $135.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Wells Fargo & Company set a $150.00 target price on shares of Citigroup in a report on Monday, January 5th. HSBC reaffirmed a “buy” rating and issued a $87.00 target price on shares of Citigroup in a report on Wednesday, January 7th. The Goldman Sachs Group upped their price objective on Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $118.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.25.

Insider Buying and Selling

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the sale, the insider owned 45,835 shares of the company’s stock, valued at approximately $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi told investors it expects mid‑teens percentage growth in first‑quarter investment‑banking fees, signaling a rebound in deal activity that supports higher fees and trading revenue. Citigroup sees mid‑teens growth in first‑quarter investment banking fees
• Positive Sentiment: CEO Jane Fraser gave a bullish update at an RBC conference describing progress in investment banking and markets — comments that helped re‑rate sentiment and spur analyst attention. Citi Stock Rebounds As CEO Jane Fraser Paints A Bullish Picture
• Positive Sentiment: Citi has raised AI capex and revenue projections as enterprise AI demand picks up — positioning the bank to win advisory, trading and financing work tied to AI infrastructure. That narrative supports multiple expansion. Citigroup Elevates AI Investment Projections Amid Rising Demand
• Positive Sentiment: Management outlined a plan to achieve ~5–6% year‑over‑year net interest income (NII) growth in 2026 through loan growth, deposit expansion and reinvesting maturing securities at higher yields — a clear driver for earnings growth. How Citigroup Plans to Achieve 5‑6% Y/Y NII Growth in 2026?
• Positive Sentiment: Momentum signals: recent analyst upgrades and heavy call‑option buying have amplified bullish flows and short‑term momentum, reinforcing price strength. Citigroup Stock (C) Opinions on Recent Price Momentum and Analyst Upgrades
• Neutral Sentiment: Citi research highlighted top semiconductor winners amid the AI chip rally — useful for client research/revenue but not a direct corporate earnings driver. Citi Picks Four Semiconductor Winners
• Neutral Sentiment: Citi issued an inaugural digitally native structured note on Euroclear’s D‑FMI platform — a primer on product innovation that may modestly expand wealth management capabilities. Citi Issues Inaugural Digitally Native Structured Note
• Negative Sentiment: Offsetting risks: notable institutional reductions and recent insider sales have appeared in filings, which can cap upside and raise questions about near‑term flows. Citigroup Stock (C) Opinions on Recent Price Momentum and Analyst Upgrades
• Negative Sentiment: Reputational headwinds: Citi suffered a large fall in a global gender ranking — an ESG/reputation datapoint that can matter to some investors and stakeholders over time. Citi suffers largest fall among banks in global gender ranking

Citigroup Price Performance

NYSE:C opened at $108.92 on Wednesday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $125.16. The company’s 50-day moving average is $115.28 and its two-hundred day moving average is $106.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a market cap of $190.54 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping the consensus estimate 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%. Citigroup’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. Research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 2nd. Citigroup’s dividend payout ratio is presently 34.43%.

Citigroup 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.