Arizona State Retirement System Sells 17,191 Shares of Citigroup Inc. $C

Key Points

• Arizona State Retirement System trimmed its Citigroup stake by 3.2%, selling 17,191 shares and leaving 520,467 shares valued at about $60.73 million.
• Citigroup beat Q1 expectations (EPS $3.06 vs. $2.63 estimate; revenue $24.63B vs. $22.96B) and analysts remain largely constructive, with a consensus price target near $135.94 and several firms raising targets/ratings.
• Offsetting the positive momentum, insiders have sold 92,318 shares in the past 90 days (including a 25,000-share sale by Edward Skyler), a potential short-term caution despite heavy institutional ownership (71.72%).

Arizona State Retirement System trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,467 shares of the company's stock after selling 17,191 shares during the period. Arizona State Retirement System's holdings in Citigroup were worth $60,733,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in C. Bank of New York Mellon Corp grew its position 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 acquiring an additional 4,211,099 shares in the last quarter. Capital World Investors grew its position in Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company's stock worth $4,797,292,000 after acquiring an additional 2,871,074 shares in the last quarter. Bessemer Group Inc. grew its position 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 acquiring an additional 2,858,481 shares in the last quarter. SG Americas Securities LLC grew its position in Citigroup by 291.4% in the fourth quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company's stock worth $153,978,000 after acquiring an additional 2,008,946 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Citigroup by 52.1% in the third quarter. Alliancebernstein L.P. now owns 5,304,324 shares of the company's stock worth $538,389,000 after acquiring an additional 1,816,786 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Citigroup from $131.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 15th. TD Cowen reaffirmed a "hold" rating on shares of Citigroup in a research report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their target price on Citigroup from $134.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday, April 7th. Barclays upped their target price on Citigroup from $146.00 to $154.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.94.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Q1 earnings and analyst focus reinforce earnings momentum — Citi’s recent quarterly beat and revenue outperformance keep attention on its turnaround and capital returns, supporting investor confidence. Big Bank Earnings Gave Financials a Lift
• Positive Sentiment: Citi is investing in wealth tech — the bank’s new AI avatar “Sky” for advisors is positioned to boost productivity and client growth in wealth management, a higher‑margin business that investors view as a catalyst for earnings multiple expansion. Citi Is Launching an AI Avatar Named Sky
• Positive Sentiment: Sell‑side attention remains constructive — analysts and strategist writeups (Zacks and others) are highlighting Citi as a momentum/transformational play within banks, which can sustain buyer interest. The Zacks Analyst Blog
• Neutral Sentiment: Debt note repurchase offers announced — Citigroup Global Markets commenced offers to purchase several series of Citigroup notes, a balance‑sheet management move that can be neutral to slightly positive (reduces outstanding debt or optimizes capital structure) depending on execution and funding. Citi Announces Offers to Purchase Notes
• Negative Sentiment: Insider selling — a recent SEC disclosure shows Citigroup insider Edward Skyler sold 25,000 shares, which can trigger short‑term selling pressure or be read as profit‑taking after Citi’s strong run. Investors often treat sizable insider sales as a cautionary signal even if driven by personal liquidity needs. Insider Sale SEC Filing

Insider Transactions at Citigroup

In other Citigroup news, insider Edward Skyler sold 25,000 shares of Citigroup stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the transaction, the insider directly owned 182,022 shares of the company's stock, valued at approximately $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction on Friday, February 13th. The shares were sold at an average price of $111.09, for a total value of $4,796,088.57. Following the transaction, the insider directly owned 45,835 shares of the company's stock, valued at approximately $5,091,810.15. The trade was a 48.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,318 shares of company stock valued at $10,764,814 over the last ninety days. 0.11% of the stock is owned by insiders.

Citigroup Stock Down 0.9%

NYSE C opened at $128.51 on Friday. The firm has a 50-day simple moving average of $115.53 and a 200 day simple moving average of $111.06. The stock has a market cap of $220.38 billion, a PE ratio of 15.92, a PEG ratio of 0.58 and a beta of 1.11. Citigroup Inc. has a twelve month low of $65.78 and a twelve month high of $135.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.00 and a current ratio of 0.99.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.43. The company had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. On average, research analysts forecast that Citigroup Inc. will post 10.62 EPS for the current year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 4th. Citigroup's dividend payout ratio (DPR) is presently 29.74%.

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.

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