Letko Brosseau & Associates Inc. Cuts Stake in Citigroup Inc. $C

Letko Brosseau & Associates Inc. lowered its stake in Citigroup Inc. (NYSE:C) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 810,460 shares of the company’s stock after selling 11,035 shares during the quarter. Citigroup accounts for 1.5% of Letko Brosseau & Associates Inc.’s portfolio, making the stock its 22nd biggest position. Letko Brosseau & Associates Inc.’s holdings in Citigroup were worth $94,573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock valued at $19,048,467,000 after purchasing an additional 4,938,923 shares during the last quarter. Capital World Investors lifted its position in Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock valued at $4,797,292,000 after purchasing an additional 2,871,074 shares during the last quarter. Geode Capital Management LLC lifted its position in Citigroup by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. lifted its position in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Citigroup by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after purchasing an additional 846,772 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s equity strategists turned more bullish on the market, raising their year-end S&P 500 target and arguing that strong earnings growth and AI spending are still outweighing macro risks. The Stock Market Just Got Crushed. Why Citi Is Raising Its S&P 500 Target.
• Positive Sentiment: Citigroup said it expects 5% to 6% year-over-year net interest income growth in 2026, helped by rising loan demand, stabilizing deposit costs, and restructuring benefits. Citigroup’s Path to 5-6% NII Rise in 2026: What’s Driving the Upside?
• Positive Sentiment: Citi hired Andrew Conway as global chair of consumer and retail investment banking, a move aimed at expanding the firm’s banking franchise in that sector. Citi hires Andrew Conway as global chair of consumer and retail investment banking
• Positive Sentiment: Citi announced the full redemption of $3.15 billion in notes due 2027, a routine balance-sheet action that can modestly support capital management. Citigroup (C) Announces Full Redemption of $3.15B in Notes Due 2027
• Neutral Sentiment: Citi also warned that traders are building aggressive short positions in U.S. stocks, underscoring elevated market risk even as positioning has improved after last week’s selloff. Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
• Neutral Sentiment: Citi trimmed its 3-month gold target to $4,000 on softer demand, which is more of a commodity call than a direct stock driver. Citi trims 3-month gold target to $4,000 on softer demand

Citigroup Price Performance

Shares of Citigroup stock opened at $134.63 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $229.63 billion, a PE ratio of 16.68, a P/E/G ratio of 0.60 and a beta of 1.12. The business has a 50 day moving average of $125.83 and a 200 day moving average of $117.38. Citigroup Inc. has a 52 week low of $76.11 and a 52 week high of $135.93.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 earnings per share. As a group, equities research analysts forecast that Citigroup Inc. will post 10.68 earnings per share for the current year.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, May 4th. Citigroup’s dividend payout ratio is currently 29.74%.

Citigroup declared that its board has initiated a share repurchase program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits 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 management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on C. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Barclays boosted their price objective on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Wells Fargo & Company boosted their price objective on Citigroup from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group began coverage on Citigroup in a research report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.62.

Insider Buying and Selling

In other Citigroup news, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the transaction, the insider owned 182,022 shares in the company, valued at approximately $23,919,511.02. This represents a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the transaction, the director owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. 0.11% of the stock is owned by corporate insiders.

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.