VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Stock Holdings in Citigroup Inc. $C

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Citigroup Inc. (NYSE:C) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,096,360 shares of the company’s stock after acquiring an additional 135,900 shares during the quarter. Citigroup comprises 0.7% of VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings, making the stock its 21st biggest holding. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Citigroup were worth $111,281,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in C. Brookstone Capital Management lifted its position in shares of Citigroup by 31.5% during the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock worth $7,705,000 after acquiring an additional 18,176 shares in the last quarter. Permanent Capital Management LP bought a new stake in shares of Citigroup during the 3rd quarter valued at $1,238,000. Keystone Financial Services purchased a new stake in Citigroup during the 2nd quarter worth about $216,000. Brighton Jones LLC lifted its holdings in Citigroup by 166.9% during the 4th quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Citigroup by 27.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock worth $7,670,000 after purchasing an additional 16,171 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Piper Sandler raised its price target on Citigroup to $130 and kept an “overweight” rating, signaling analyst confidence in upside and supporting the stock. Piper Sandler Price Target Raise
• Positive Sentiment: J.P. Morgan (analyst Vivek Juneja) has maintained a Buy stance, arguing the Russia exit and related adjustments support a cleaner risk profile and modest capital benefits. J.P. Morgan Buy Rating
• Positive Sentiment: Analysts and commentators note that completing the Russia exit removes an ongoing geopolitical exposure and could modestly improve capital flexibility over time — a potential longer-term positive for valuation. Russia Exit: Bigger Win Argument
• Neutral Sentiment: Citigroup’s head of U.S. equity strategy said the market is in a “boom” rather than a bubble — a macro viewpoint that supports risk appetite but is not a direct company catalyst. Market Comment from Citi Strategist
• Neutral Sentiment: Small institutional buying: Apella Capital disclosed a modest stake purchase in Citigroup, a minor vote of confidence but not a material ownership change. Apella Capital Stake
• Neutral Sentiment: Citi research calls (including high-profile Bitcoin and crypto scenario notes) and wider bank-sector optimism add context but are unlikely to move the stock immediately. Citi Research Notes
• Negative Sentiment: Citigroup’s board approved the sale of AO Citibank in Russia, which will trigger a one-time pre-tax loss of roughly $1.1–$1.2 billion in the current quarter — an immediate earnings and capital hit that is pressuring the stock. Reuters: Board Approves Russia Unit Sale

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on C shares. Barclays upped their price target on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company upped their target price on shares of Citigroup from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Piper Sandler raised their price target on shares of Citigroup from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday. Wolfe Research reaffirmed an “outperform” rating and issued a $121.00 price target on shares of Citigroup in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $118.00 price objective on shares of Citigroup in a research report on Tuesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.25.

Citigroup Price Performance

C stock opened at $117.13 on Wednesday. The firm has a 50 day simple moving average of $105.83 and a two-hundred day simple moving average of $97.88. The stock has a market cap of $209.58 billion, a PE ratio of 16.45, a P/E/G ratio of 0.59 and a beta of 1.21. Citigroup Inc. has a one year low of $55.51 and a one year high of $122.84. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to analysts’ expectations of $20.92 billion. During the same quarter last year, the company posted $1.51 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is 33.71%.

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.