Citigroup Inc. $C Shares Acquired by PNC Financial Services Group Inc.

Posted by Amy Steele on May 22nd, 2026

PNC Financial Services Group Inc. lifted its holdings in shares of Citigroup Inc. (NYSE:C – Free Report) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 444,002 shares of the company’s stock after buying an additional 27,130 shares during the period. PNC Financial Services Group Inc.’s holdings in Citigroup were worth $51,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Richards Merrill & Peterson Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth about $28,000. Luken Investment Analytics LLC acquired a new stake in shares of Citigroup during the 4th quarter worth about $32,000. High Note Wealth LLC increased its position in Citigroup by 107.7% during the fourth quarter. High Note Wealth LLC now owns 270 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the period. Entrust Financial LLC acquired a new position in Citigroup during the fourth quarter worth approximately $34,000. Finally, Maseco LLP acquired a new position in Citigroup during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Up 0.3%

Shares of C stock opened at $125.19 on Friday. The business’s 50 day moving average is $120.72 and its two-hundred day moving average is $114.77. Citigroup Inc. has a twelve month low of $71.65 and a twelve month high of $135.29. The company has a market capitalization of $213.51 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C – Get Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The company had revenue of $24.63 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the business posted $1.96 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 10.65 EPS for the current year.

Citigroup announced that its board has authorized a share buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, May 4th. Citigroup’s dividend payout ratio (DPR) is 29.74%.

Insider Activity at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the transaction, the director directly owned 12,194 shares in the company, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the transaction, the insider owned 182,022 shares in the company, valued at $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on C. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Oppenheimer reaffirmed an “outperform” rating and set a $145.00 price target on shares of Citigroup in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a research report on Monday, April 20th. Barclays lifted their price target on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their price target on Citigroup from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.62.

Get Our Latest Research Report on C

More Citigroup News

Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup shareholders approved an expanded stock incentive plan at the company’s May 20 annual meeting, which should give management more flexibility to retain and motivate employees through equity compensation. Citigroup Shareholders Approve Expanded Stock Incentive Plan
Positive Sentiment: Several commentary pieces highlighted Citigroup as undervalued or attractive for income-focused investors, reinforcing the view that the stock still has room to rerate after recent earnings improvement. 5 Most Undervalued US Stocks According to Hedge Funds Why Citigroup (C) is a Top Dividend Stock for Your Portfolio
Neutral Sentiment: Citigroup also remained active in market commentary on India IPOs and currency controls, but these reports are more about its broader banking views than a direct business update for the company. Citi sees India IPOs hitting fresh records despite challenges Citi Sees India IPOs Hitting Fresh Records Despite Challenges
Neutral Sentiment: There was also a report that Trump backed away from requiring banks to collect citizenship information, which slightly reduces regulatory overhang but does not materially change Citigroup’s near-term fundamentals. Trump backs down from idea of banks collecting citizenship information
Negative Sentiment: On the other hand, Citi faced fresh governance scrutiny after a separate report said more shareholders voted against the bank’s say-on-pay proposal, signaling some dissatisfaction with executive compensation practices. More Citi shareholders vote ‘no’ on say-on-pay

Citigroup Profile

(Free Report)

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.