Principal Financial Group Inc. Decreases Stake in Citigroup Inc. $C

Principal Financial Group Inc. reduced its stake in Citigroup Inc. (NYSE:C - Free Report) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,622,877 shares of the company's stock after selling 590,817 shares during the period. Principal Financial Group Inc. owned about 0.15% of Citigroup worth $306,064,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Citigroup by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company's stock valued at $19,048,467,000 after acquiring an additional 4,938,923 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 valued at $2,854,788,000 after acquiring an additional 4,211,099 shares during the period. Capital World Investors increased its position in shares of Citigroup by 6.5% in the third quarter. Capital World Investors now owns 47,262,626 shares of the company's stock valued at $4,797,292,000 after acquiring an additional 2,871,074 shares during the period. Bessemer Group Inc. increased its position in shares of Citigroup by 6,172.0% in the third quarter. Bessemer Group Inc. now owns 2,904,795 shares of the company's stock valued at $294,838,000 after acquiring an additional 2,858,481 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Citigroup by 291.4% in the fourth quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company's stock valued at $153,978,000 after acquiring an additional 2,008,946 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Citigroup from $160.00 to $162.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $139.00 target price on shares of Citigroup in a research note on Wednesday, April 15th. Morgan Stanley boosted their target price on Citigroup from $140.00 to $144.00 and gave the company an "overweight" rating in a research note on Wednesday, April 15th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $145.00 target price (up from $125.00) on shares of Citigroup in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $136.79.

Citigroup Price Performance

Shares of NYSE C opened at $128.08 on Wednesday. Citigroup Inc. has a 1 year low of $69.17 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 1.00. The company's 50-day moving average is $117.26 and its 200 day moving average is $112.56. The stock has a market capitalization of $219.65 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.56 and a beta of 1.14.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.43. The company had revenue of $24.63 billion for the quarter, compared to analysts' expectations of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. On average, sell-side analysts expect that Citigroup Inc. will post 10.66 earnings per share for the current year.

Citigroup Dividend Announcement

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

Insider Buying and Selling at Citigroup

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

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Management will lay out medium-term profitability targets at an investor day, highlighting expected expense discipline, revenue gains from a multi‑year overhaul, and plans to use AI to expand the wealth business — a clear signal management is targeting faster earnings improvement. Citigroup to announce new profit targets at investor day, CEO says
• Positive Sentiment: Citi has introduced a new rewards structure that pays employees directly for generating banking and wealth referrals — a move likely to improve cross‑sell effectiveness and revenue per client if execution follows through. Citigroup sets new rewards structure for banking and wealth referrals
• Positive Sentiment: Citi rolled out an internal platform to deploy AI agents across banking workflows, which could lift productivity and lower operating costs over time — supporting margin expansion assumptions. Citi Debuts Platform to Bring AI Agents to Banking Work
• Neutral Sentiment: Citi is strengthening its India M&A franchise with a senior hire (Raj Rathi), which supports growth in a key market but is more incremental to near‑term earnings. Citi Hires Raj Rathi From Dream Sports as Head of M&A in India
• Neutral Sentiment: Recent analyst writeups (Zacks, MSN coverage) reiterate a longer‑term growth story for Citi, supporting investor interest but not a near‑term catalyst by themselves. Why Citigroup (C) is a Top Growth Stock for the Long-Term
• Negative Sentiment: There’s potential reputational/compensation noise from a high‑profile executive payout reported in the press; such items can draw short‑term scrutiny and be treated as one‑offs to watch. Indian-origin banker Viswas Raghavan to receive $52 million from Citigroup

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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