Northwestern Mutual Wealth Management Co. Reduces Stock Position in Citigroup Inc. $C

Key Points

• Northwestern Mutual Wealth Management Co. reduced its Citigroup position by 14.8% in the second quarter, selling 110,514 shares and retaining 637,555 shares valued at approximately $89.2 million.
• Institutional investors and hedge funds own 71.72% of Citigroup, with several major holders—including Geode Capital, Franklin Resources and Fisher Asset Management—increasing their stakes.
• Citigroup reported quarterly EPS of $3.15 and revenue of $24.77 billion, beating estimates, while raising its dividend to $0.67 per quarter and authorizing a $30 billion share-buyback program. Analysts maintain a “Moderate Buy” consensus with a $145.22 target price.

Northwestern Mutual Wealth Management Co. cut its holdings in Citigroup Inc. (NYSE:C - Free Report) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 637,555 shares of the company's stock after selling 110,514 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Citigroup were worth $89,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. increased its stake in Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Citigroup by 2.6% during the fourth quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock worth $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. Bank of America Corp DE raised its holdings in Citigroup by 2.8% during the first quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock worth $3,047,215,000 after purchasing an additional 728,043 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Citigroup during the 4th quarter worth approximately $2,800,944,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Analysts currently assign Citigroup an average “Moderate Buy” rating, reinforcing the view that the stock’s valuation and improving fundamentals remain attractive. Citigroup Receives Moderate Buy Rating
• Positive Sentiment: Erste Group Bank raised its fiscal 2026 EPS forecast for Citigroup (C), offering a positive signal for expected earnings momentum. The upgrade follows Citigroup’s recent quarterly beat, in which EPS and revenue exceeded consensus estimates and revenue grew year over year. Citigroup FY2026 EPS Forecast Raised
• Positive Sentiment: Citigroup is expanding its North Asia desk workforce by roughly 25%, indicating continued investment in the region and confidence in potential growth across Asian financial markets. The move could support future revenue in investment banking, markets and wealth management, although it may raise near-term expenses. Citigroup Expands North Asia Desk
• Positive Sentiment: Citigroup and other major banks are asking elite law firms to reduce hourly fees as artificial intelligence makes routine legal work more efficient. If successful, lower external legal costs could improve operating efficiency, though the financial impact is likely modest relative to Citigroup’s overall expense base. Wall Street Banks Seek Lower Legal Fees
• Neutral Sentiment: Citigroup recommended buying the dip in Howmet Aerospace and placed Kroger on a short-term downside catalyst watch. These research calls may enhance Citi’s investment-banking and research profile, but they have no direct material effect on C stock. Citigroup Research Calls on Howmet Aerospace
• Neutral Sentiment: A planned atrium and headquarters renovation in Belfast highlights Citigroup’s ongoing investment in its international operations, but it is unlikely to be a meaningful near-term stock catalyst. Citigroup Belfast Headquarters Renovation

Citigroup Price Performance

Shares of C opened at $132.53 on Wednesday. Citigroup Inc. has a twelve month low of $92.96 and a twelve month high of $147.96. The stock's 50 day moving average is $135.66 and its two-hundred day moving average is $127.00. The firm has a market capitalization of $226.04 billion, a PE ratio of 14.31, a P/E/G ratio of 0.59 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 EPS. Research analysts anticipate that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were given a $0.67 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from Citigroup's previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a yield of 2.0%. Citigroup's dividend payout ratio (DPR) is currently 28.94%.

Citigroup declared that its board has authorized a share buyback program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

C has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Citigroup from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday, August 24th. Zacks Research raised shares of Citigroup from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Bank of America upped their price objective on shares of Citigroup from $170.00 to $176.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Evercore set a $143.00 target price on Citigroup in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Citigroup from $140.00 to $153.00 and gave the stock an "outperform" rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.22.

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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