Jennison Associates LLC Has $2.19 Million Stock Position in Citigroup Inc. $C

Jennison Associates LLC lowered its position in shares of Citigroup Inc. (NYSE:C) by 96.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,352 shares of the company’s stock after selling 545,243 shares during the quarter. Jennison Associates LLC’s holdings in Citigroup were worth $2,195,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in Citigroup in the first quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new position in Citigroup during the 4th quarter valued at about $25,000. Richards Merrill & Peterson Inc. acquired a new position in Citigroup during the 4th quarter valued at about $28,000. TD Capital Management LLC bought a new position in shares of Citigroup in the 4th quarter valued at about $28,000. Finally, Luken Investment Analytics LLC bought a new position in shares of Citigroup in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup reported strong second-quarter results recently, with net income up 45% and revenue reaching a decade high, reinforcing the view that earnings momentum is improving. Citi (C) Q2 2026 Earnings Call Transcript
• Positive Sentiment: The board declared a quarterly dividend of $0.67 per share, an 11.7% increase from the prior payout, signaling confidence in capital strength and shareholder returns. Citigroup Declares Common Stock Dividend
• Positive Sentiment: Citigroup hired five U.S. technology investment banking executives from rivals, a move that could strengthen its franchise in an attractive growth area and support future fee income. Citigroup hires five US tech investment banking executives from rivals
• Positive Sentiment: Analyst commentary remains upbeat, with Zacks highlighting Citi as one of the top big investment banks to own after strong Q2 results and improving earnings estimates. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook
• Neutral Sentiment: Citigroup also introduced structured notes linked to the S&P 500 futures index, which is a normal product update and is unlikely to move the stock by itself. Citigroup Introduces Buffered Autocallable Notes Linked to S&P 500 Futures Index Featuring Early Redemption Options

Insider Activity at Citigroup

In related news, Director John Cunningham Dugan sold 2,117 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were 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 $1,527,908.20. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore set a $143.00 target price on shares of Citigroup in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their price objective on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Bank of America increased their target price on Citigroup from $170.00 to $176.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Truist Financial lowered their price objective on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.67.

Citigroup Trading Down 0.3%

Shares of NYSE:C opened at $132.39 on Thursday. Citigroup Inc. has a 12-month low of $87.94 and a 12-month high of $147.96. The business has a 50 day moving average of $134.70 and a 200-day moving average of $123.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $225.80 billion, a PE ratio of 14.30, a P/E/G ratio of 0.60 and a beta of 1.11.

Citigroup (NYSE:C) last announced its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.75 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the company earned $1.96 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 11.22 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be given a dividend of $0.67 per share. The ex-dividend date is Monday, August 3rd. This represents a $2.68 annualized dividend and a dividend yield of 2.0%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio is currently 25.92%.

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.