Citigroup Inc. $C Position Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in shares of Citigroup Inc. (NYSE:C) by 24.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 296,146 shares of the company’s stock after selling 97,137 shares during the period. Oppenheimer & Co. Inc.’s holdings in Citigroup were worth $30,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Citigroup in the second quarter worth $2,455,929,000. Bank of New York Mellon Corp lifted its holdings in Citigroup by 17.6% in 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 purchasing an additional 4,211,099 shares during the period. Bessemer Group Inc. lifted its holdings in Citigroup by 6,172.0% in the third quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company’s stock worth $294,838,000 after purchasing an additional 2,858,481 shares during the period. Canada Pension Plan Investment Board grew its position in Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock valued at $368,945,000 after buying an additional 1,393,865 shares in the last quarter. Finally, Natixis increased its stake in shares of Citigroup by 382.7% during the second quarter. Natixis now owns 1,523,782 shares of the company’s stock valued at $129,704,000 after acquiring an additional 1,208,089 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

NYSE:C opened at $122.72 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.63. The firm has a market cap of $219.58 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. Citigroup Inc. has a 12 month low of $55.51 and a 12 month high of $124.17. The company’s 50-day moving average price is $115.27 and its two-hundred day moving average price is $104.03.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.16. The business had revenue of $19.87 billion for the quarter, compared to analyst estimates of $20.99 billion. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.Citigroup’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. On average, equities analysts anticipate 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. Shareholders of record on Monday, February 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. Citigroup’s dividend payout ratio (DPR) is presently 34.43%.

Analyst Ratings Changes

A number of research firms recently issued reports on C. Zacks Research raised Citigroup from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Wolfe Research reissued an “outperform” rating and set a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. Bank of America increased 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. Wells Fargo & Company set a $150.00 price objective on Citigroup in a report on Monday, January 5th. Finally, Truist Financial raised their target price on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One equities research 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 stock. According to MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $125.56.

Key Citigroup News

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

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.