State of Michigan Retirement System Sells 9,900 Shares of Citigroup Inc. $C

State of Michigan Retirement System reduced its holdings in shares of Citigroup Inc. (NYSE:C) by 1.8% in the third quarter, HoldingsChannel reports. The fund 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.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management lifted its position in Citigroup by 31.5% during the third quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after purchasing an additional 18,176 shares in the last quarter. Permanent Capital Management LP bought a new position in shares of Citigroup in the third quarter worth about $1,238,000. Donaldson Capital Management LLC purchased a new position in shares of Citigroup during the 3rd quarter valued at about $58,994,000. Penobscot Investment Management Company Inc. grew its stake in shares of Citigroup by 61.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock valued at $5,789,000 after acquiring an additional 21,720 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings 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 acquiring an additional 16,171 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets

C has been the subject of a number of recent analyst reports. Wolfe Research reiterated an “outperform” rating and issued a $141.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. JPMorgan Chase & Co. raised shares of Citigroup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Bank of America increased their price target on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Citigroup in a research report on Wednesday, January 21st. Finally, Piper Sandler set a $135.00 target price on Citigroup in a research report on Thursday, January 15th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.56.

Citigroup Trading Up 6.0%

Shares of C stock opened at $122.72 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $219.58 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.74 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 stock’s 50-day moving average price is $115.27 and its 200-day moving average price is $103.90.

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be paid a dividend of $0.60 per share. 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 is presently 34.43%.

Key Stories 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 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.