ProShare Advisors LLC Decreases Stock Holdings in Citigroup Inc. $C

ProShare Advisors LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 392,955 shares of the company’s stock after selling 30,937 shares during the quarter. ProShare Advisors LLC’s holdings in Citigroup were worth $39,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Citigroup by 0.7% during the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company’s stock valued at $14,117,313,000 after purchasing an additional 1,148,451 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Citigroup by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company’s stock worth $3,645,084,000 after purchasing an additional 411,894 shares during the period. Franklin Resources Inc. increased its position in shares of Citigroup by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company’s stock valued at $2,748,571,000 after purchasing an additional 679,967 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Citigroup by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company’s stock valued at $2,737,583,000 after buying an additional 988,152 shares during the period. Finally, Norges Bank purchased a new stake in Citigroup during the 2nd quarter valued at $2,455,929,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: JPMorgan raised its price target on Citigroup to $134 and kept an “overweight” rating — a bullish analyst call that supports further upside from current levels and likely helped buying interest. JPMorgan Raises PT
• Positive Sentiment: Momentum: Citi shares reached a 52‑week high recently, signaling strong market sentiment and technical buying that often attracts momentum and institutional flows. Citigroup 52-Week High
• Positive Sentiment: Investment-banking deal flow: Citigroup is a joint global coordinator on the UI Boustead REIT Singapore IPO — underwriting roles like this generate fees and reflect ongoing capital markets activity that benefits bank revenue. UI Boustead REIT IPO
• Neutral Sentiment: Capital structure watch: Recent coverage highlights how new preferred-stock and bond issuances are reshaping Citi’s capital mix — this affects valuation and capital-return optionality but isn’t an immediate earnings event. Investors should monitor issuance size/timing and any changes to buyback/dividend plans. Citigroup Valuation / Capital Mix
• Neutral Sentiment: Research activity and positioning: Citi research has taken visible stances (e.g., bullish coverage on MicroStrategy and coverage changes on other names). These reflect the bank’s flow and research revenue but do not directly move Citi’s own stock materially. Citi Research on MicroStrategy
• Neutral Sentiment: Portfolio repositioning: Citigroup entities have notified they ceased being substantial holders in IDP Education (Australia) — a routine desk/inventory move that signals active balance-sheet/position management rather than a company fundamental change. Citi Ceases To Be Substantial Holder

Citigroup Stock Up 0.9%

Shares of C opened at $123.84 on Tuesday. The stock has a fifty day simple moving average of $115.69 and a two-hundred day simple moving average of $104.23. 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 company has a market capitalization of $221.58 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. Citigroup Inc. has a 52-week low of $55.51 and a 52-week high of $125.16.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.16. The firm had revenue of $19.87 billion during the quarter, compared to analysts’ expectations of $20.99 billion. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. Citigroup’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.34 earnings per share. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. Citigroup’s dividend payout ratio is currently 34.43%.

Analyst Upgrades and Downgrades

Several research analysts have commented on C shares. Truist Financial lifted their price objective on shares of Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group raised their target price on shares of Citigroup from $113.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Bank of America upped 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. Royal Bank Of Canada reissued an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a research report on Thursday, January 15th. Finally, UBS Group reissued a “neutral” rating and issued a $132.00 price objective on shares of Citigroup in a research note on Thursday, January 15th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.19.

Citigroup 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.