M&T Bank Corp Has $15.69 Million Position in Citigroup Inc. $C

Key Points

• M&T Bank Corp increased its stake in Citigroup by 21.8% in Q4 to 134,419 shares, worth about $15.69 million after purchasing an additional 24,046 shares.
• Insiders sold 92,318 Citigroup shares worth $10.76 million in the last three months (including Edward Skyler's 25,000‑share sale), leaving insiders with just 0.11% ownership.
• Citigroup beat quarterly estimates (EPS $3.06 vs. $2.63; revenue $24.63B vs. $22.96B), announced a $0.60 quarterly dividend (1.9% yield), and holds a consensus "Moderate Buy" with an average target of $136.79 amid multiple analyst price‑target increases.

M&T Bank Corp increased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,419 shares of the company's stock after purchasing an additional 24,046 shares during the quarter. M&T Bank Corp's holdings in Citigroup were worth $15,685,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares during the period. Capital World Investors boosted its holdings in shares of Citigroup by 6.5% during the third quarter. Capital World Investors now owns 47,262,626 shares of the company's stock worth $4,797,292,000 after purchasing an additional 2,871,074 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Citigroup by 2.7% during the third quarter. Fisher Asset Management LLC now owns 33,040,513 shares of the company's stock worth $3,353,612,000 after purchasing an additional 879,056 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Citigroup by 1.8% during the third quarter. Franklin Resources Inc. now owns 32,870,559 shares of the company's stock worth $3,336,362,000 after purchasing an additional 580,027 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Citigroup by 17.6% during 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 purchasing an additional 4,211,099 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 transaction, the insider owned 182,022 shares of the company's stock, valued at $23,919,511.02. This trade represents a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cantu Ernesto Torres sold 43,173 shares of Citigroup stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 92,318 shares of company stock worth $10,764,814. Insiders own 0.11% of the company's stock.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citi is changing its incentives so employees are paid directly for generating banking and wealth referrals, a move designed to boost cross‑sell, simplify revenue attribution and align sales incentives across units. This could lift fee income and client origination if execution is smooth. Citigroup sets new rewards structure for banking and wealth referrals
• Positive Sentiment: Citi launched an internal platform to deploy AI agents across banking workflows — a potential efficiency and productivity lever that could reduce operating costs and speed client servicing and product rollouts. Citi Debuts Platform to Bring AI Agents to Banking Work
• Positive Sentiment: Citi hired Raj Rathi as head of M&A in India, signaling investment in deal origination and growth in a high‑potential market — supportive for future fee revenue in corporate banking and advisory. Citi Hires Raj Rathi From Dream Sports as Head of M&A in India
• Positive Sentiment: Analyst sentiment and targets remain constructive: a recent price‑target raise and bullish analyst writeups highlight expectations for continued earnings growth and multiple expansion as Citi executes. These inputs can support investor confidence over time. Citigroup NYSE: C Price Target Raised to $135.50
• Positive Sentiment: Zacks and other coverage point to Citi as a long‑term growth candidate based on style scores and recent performance, reinforcing the narrative that the bank can continue to outpace peers if margins and credit trends hold. Why Citigroup (C) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: A reported $52 million payment related to banker Viswas Raghavan draws headlines but is small relative to Citi’s scale; impact is likely limited to reputation/one‑off expense rather than fundamentals. Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup
• Neutral Sentiment: Citi Wealth’s Investment Lab published research challenging common timing assumptions for investing at S&P highs — useful for thought leadership and client engagement but with uncertain direct revenue impact. Citi's data could change how you invest at S&P 500 highs

Analyst Upgrades and Downgrades

C has been the subject of several research reports. Oppenheimer raised their price target on shares of Citigroup from $132.00 to $144.00 and gave the stock an "outperform" rating in a report on Wednesday, April 15th. Zacks Research cut shares of Citigroup from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Wells Fargo & Company raised their price target on shares of Citigroup from $160.00 to $162.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and set a $145.00 price objective (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Finally, Morgan Stanley raised their price objective on shares of Citigroup from $140.00 to $144.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.79.

Citigroup Trading Down 1.5%

NYSE:C opened at $125.58 on Tuesday. Citigroup Inc. has a 12 month low of $69.17 and a 12 month high of $135.29. The firm has a market cap of $215.36 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 0.57 and a beta of 1.14. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company's 50 day moving average is $117.01 and its 200-day moving average is $112.36.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.43. Citigroup had a net margin of 9.35% and a return on equity of 9.19%. The company had revenue of $24.63 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Citigroup Inc. will post 10.66 EPS for the current year.

Citigroup Announces Dividend

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

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.

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