State of Michigan Retirement System Lowers Stake in Citigroup Inc. $C

State of Michigan Retirement System cut its stake in Citigroup Inc. (NYSE:C) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 553,336 shares of the company’s stock after selling 9,900 shares during the period. State of Michigan Retirement System’s holdings in Citigroup were worth $56,164,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in C. Norges Bank purchased a new position in shares of Citigroup during the 2nd quarter valued at about $2,455,929,000. Bank of New York Mellon Corp raised its stake in shares of Citigroup by 17.6% during the third quarter. Bank of New York Mellon Corp now owns 28,125,995 shares of the company’s stock worth $2,854,788,000 after acquiring an additional 4,211,099 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Citigroup by 6,172.0% during the third quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after acquiring an additional 2,858,481 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after acquiring an additional 1,393,865 shares during the last quarter. Finally, Natixis boosted its stake in shares of Citigroup by 382.7% in the 2nd quarter. Natixis now owns 1,523,782 shares of the company’s stock valued at $129,704,000 after purchasing an additional 1,208,089 shares in 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: Management optimism on consent orders — Citi executives told Reuters they expect to complete remediation work on major regulatory consent orders later this year, which would reduce compliance uncertainty and the risk of further supervisory restrictions. Exclusive: Citigroup aims to complete work on consent orders this year, sources say
• Positive Sentiment: Employee benefit/PR move — Citi will match the federal government’s $1,000 deposits to Trump Accounts for children of U.S. employees (born 2025–2028), a low-cost benefit that can help staff retention and signal stability in workforce support. Citi to match federal government’s $1K Trump Account contributions for employees’ children
• Positive Sentiment: Quarterly earnings update — Citi reported Q4 EPS above consensus ($1.81 vs. $1.65) which supports valuation; revenue was slightly below expectations but EPS beat and year-over-year EPS growth reduce near-term earnings risk. Citigroup stock page / Q4 results summary
• Neutral Sentiment: Large workforce reduction reported — Coverage notes Citi plans to cut up to ~60,000 jobs by 2026; while large layoffs could boost margins over time, they create execution risk and public scrutiny that investors should monitor. Citigroup to Axe 60,000 Jobs by 2026 — What It Signals
• Neutral Sentiment: Sector lobbying and policy risk — Reuters reports big U.S. banks increased lobbying as policy fights heat up in Washington; this underscores ongoing regulatory and policy risk that could affect Citi and peers, but is a broad-sector factor rather than company‑specific. Big US banks boost Washington lobbying muscle as policy fights heat up

Citigroup Price Performance

Shares of Citigroup stock opened at $122.72 on Friday. The business has a 50 day moving average of $115.27 and a 200 day moving average of $103.90. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $124.17. The company has a market cap of $219.58 billion, a PE ratio of 17.61, a P/E/G ratio of 0.74 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63.

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 analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.0%. Citigroup’s dividend payout ratio is 34.43%.

Wall Street Analyst Weigh In

Several analysts have weighed in on C shares. Weiss Ratings reissued a “buy (b)” rating on shares of Citigroup in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 target price on shares of Citigroup in a research note on Thursday, January 15th. Piper Sandler set a $135.00 price target on Citigroup in a research report on Thursday, January 15th. HSBC reaffirmed a “buy” rating and issued a $87.00 price target on shares of Citigroup in a research note on Wednesday, January 7th. Finally, TD Cowen reissued a “hold” rating on shares of Citigroup in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.56.

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.