Truist Financial Corp Boosts Stock Holdings in Citigroup Inc. $C

Truist Financial Corp boosted its position in shares of Citigroup Inc. (NYSE:C) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,233 shares of the company’s stock after acquiring 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wolff Wiese Magana LLC lifted its position in shares of 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 purchasing an additional 120 shares during the period. Howard Hughes Medical Institute purchased a new stake in Citigroup during the 2nd quarter valued at about $34,000. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock valued at $35,000 after buying an additional 253 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of Citigroup in the 2nd quarter worth approximately $38,000. Finally, Capital A Wealth Management LLC bought a new stake in Citigroup during the second quarter valued at approximately $38,000. Institutional investors own 71.72% of the company’s stock.

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

Citigroup Stock Performance

Shares of C opened at $115.11 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $205.96 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.73 and a beta of 1.18. The company’s 50 day simple moving average is $113.33 and its 200 day simple moving average is $102.80. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $124.17.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.16. The company had revenue of $19.87 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $1.34 earnings per share. On average, sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, February 2nd. Citigroup’s payout ratio is presently 34.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America increased their price target on shares of Citigroup from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. The Goldman Sachs Group upped their target price on Citigroup from $113.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. UBS Group restated a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Barclays increased their price objective on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $118.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. One investment 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 company’s stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and an average target price of $125.56.

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.