Citigroup Inc. $C Shares Sold by Matrix Trust Co

Matrix Trust Co lowered its stake in Citigroup Inc. (NYSE:C) by 25.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,350 shares of the company’s stock after selling 4,832 shares during the quarter. Matrix Trust Co’s holdings in Citigroup were worth $2,008,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of C. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 4,938,923 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Citigroup by 0.4% during 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 acquiring an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its position in Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Fisher Asset Management LLC increased its position in Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock valued at $3,047,215,000 after purchasing an additional 728,043 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on C shares. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Piper Sandler reiterated an “overweight” rating and set a $145.00 price target (up from $125.00) on shares of Citigroup in a report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group raised their target price on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Citigroup Stock Performance

NYSE C opened at $134.95 on Monday. The business’s 50-day moving average price is $136.81 and its 200 day moving average price is $124.88. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Citigroup Inc. has a twelve month low of $90.68 and a twelve month high of $147.96. The company has a market capitalization of $230.17 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $2.74 by $0.41. The company had revenue of $24.77 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.96 EPS. On average, research analysts predict that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be paid a dividend of $0.67 per share. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 3rd. Citigroup’s payout ratio is 28.94%.

Citigroup announced that its board has approved a share repurchase program on Thursday, May 7th that permits the company to buyback $30.00 billion in shares. This buyback authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy
• Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast
• Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target
• Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last

About Citigroup

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.