Citigroup Inc. $C Shares Bought by Truist Financial Corp

Truist Financial Corp increased its position in Citigroup Inc. (NYSE:C) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,233 shares of the company’s stock after buying an additional 10,110 shares during the period. Truist Financial Corp’s holdings in Citigroup were worth $36,462,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wolff Wiese Magana LLC lifted its holdings in Citigroup by 87.6% in the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Citigroup in the second quarter valued at approximately $34,000. DHJJ Financial Advisors Ltd. raised its position in Citigroup by 157.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup during the 2nd quarter valued at $38,000. Finally, Capital A Wealth Management LLC acquired a new position in Citigroup in the 2nd quarter worth approximately $38,000. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Citigroup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $107.00 to $124.00 in a research note on Friday, December 12th. Barclays upped their target price on Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Bank of America boosted their target price on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

Citigroup Price Performance

NYSE:C opened at $115.11 on Friday. The firm has a fifty day simple moving average of $113.33 and a 200 day simple moving average of $102.80. The stock has a market capitalization of $205.96 billion, a PE ratio of 16.51, a P/E/G ratio of 0.73 and a beta of 1.18. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $124.17.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.1%. Citigroup’s dividend payout ratio (DPR) is 34.43%.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Short interest fell meaningfully in January (down ~12.7% month?over?month to ~25.2M shares), reducing a near?term downside pressure and suggesting some investors are less bearish on C. This can support upside momentum as shorts cover and buyers step in.
• Positive Sentiment: Zacks and other analysts are highlighting Citigroup’s restructuring and stronger 2026 EPS outlook versus peers, which boosts conviction that the multi?year overhaul could lift profitability and valuation. Citigroup or Wells Fargo: Which Bank Stock Has More Upside in 2026?
• Positive Sentiment: CEO Jane Fraser’s push to retrain ~175,000 employees for AI-driven change signals management is proactively addressing productivity and long?run cost/revenue dynamics — a strategic positive for investors focused on efficiency gains. As AI wipes out desk jobs, Citigroup CEO Jane Fraser says the company is training 175,000 employees
• Neutral Sentiment: Participation/ownership notifications filed in Europe (press release) are routine investor disclosure activity; they don’t change fundamentals but are worth monitoring for any large stake movements. Participation notifications by Citigroup Inc.
• Neutral Sentiment: Zacks notes Citigroup is attracting investor attention — increased interest can amplify moves in either direction depending on upcoming catalysts (earnings, restructuring updates). Citigroup Inc. (C) is Attracting Investor Attention
• Negative Sentiment: Citigroup is set to continue layoffs in March as part of a 20,000?job reduction through 2026 — near?term execution risk and potential costs (severance, disruption) could weigh on sentiment, though cuts are intended to improve long?term margins. More Layoffs Are Coming at Citigroup in March
• Negative Sentiment: A former Citigroup managing director pleaded guilty to serious crimes in a separate case — a reputational negative that may draw media attention but is unlikely to have a large direct financial impact on the bank’s operations unless further internal issues emerge. Ex?Citi Managing Director Pleads Guilty

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.