SteelPeak Wealth LLC Makes New Investment in Citigroup Inc. $C

SteelPeak Wealth LLC purchased a new stake in Citigroup Inc. (NYSE:C) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,637 shares of the company’s stock, valued at approximately $4,835,000.

A number of other large investors have also added to or reduced their stakes in the stock. Sterling Investment Counsel LLC lifted its position in shares of Citigroup by 190.2% during the 3rd quarter. Sterling Investment Counsel LLC now owns 9,613 shares of the company’s stock valued at $976,000 after acquiring an additional 6,301 shares during the period. Schear Investment Advisers LLC lifted its position in Citigroup by 0.8% during the third quarter. Schear Investment Advisers LLC now owns 37,722 shares of the company’s stock worth $3,829,000 after purchasing an additional 304 shares during the period. Silver Oak Securities Incorporated grew its stake in Citigroup by 29.2% during the third quarter. Silver Oak Securities Incorporated now owns 10,930 shares of the company’s stock worth $1,109,000 after buying an additional 2,472 shares in the last quarter. Goldstein Advisors LLC grew its stake in Citigroup by 5.4% during the third quarter. Goldstein Advisors LLC now owns 2,648 shares of the company’s stock worth $269,000 after buying an additional 135 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Citigroup by 10.1% in the 3rd quarter. True Wealth Design LLC now owns 2,409 shares of the company’s stock valued at $245,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Key Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Piper Sandler projects upside for Citi, citing favorable fundamentals and positioning that could support the stock — a near-term analyst call that can boost demand from investors. Citigroup (NYSE:C) Stock Price Expected to Rise, Piper Sandler Analyst Says
• Positive Sentiment: Wall Street expects 2026 to be big for large M&A (“megadeals”), which would generate underwriting and advisory fees for big banks like Citi — a meaningful potential revenue tailwind. Wall Street Banks on 2026 as Big Year for ‘Megadeals’
• Positive Sentiment: Macro/sector positioning: market commentary and sector playbooks are highlighting financials as a potential beneficiary of rate cuts and sector rotation away from richly valued tech — a backdrop that supports bank multiple expansion. 2026 Sector Playbook: 3 Sectors Trading Below Fair Value
• Neutral Sentiment: Markets (Kalshi) show high-volume betting that Citigroup could lead a SpaceX IPO before 2028 — this is an opportunity for future underwriting revenue but only speculative until a mandate is announced. Markets bet on whether Citigroup will take SpaceX public before Jan 1, 2028
• Neutral Sentiment: Administrative/portfolio note: Citigroup entities notified Karoon Energy that their holdings fell below a substantial‑holding threshold — a routine filing that has limited direct impact on Citi fundamentals. Citigroup Entities Fall Below Substantial Holding Threshold in Karoon Energy
• Negative Sentiment: Citigroup completed its exit from Russia via a sale of the remaining unit — the transaction was costly and will likely produce a one‑time charge that weighs on near‑term earnings and capital metrics. Citigroup Finalizes Exit from Russia with Costly Sale of Remaining Unit

Analysts Set New Price Targets

Several research firms recently issued reports on C. Truist Financial increased their price target on shares of Citigroup from $112.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Wells Fargo & Company restated an “overweight” rating on shares of Citigroup in a research report on Wednesday. TD Cowen lifted their target price on Citigroup from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Morgan Stanley increased their target price on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, December 10th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

Citigroup Stock Performance

Citigroup stock opened at $116.67 on Friday. The business has a 50 day moving average of $106.64 and a 200-day moving average of $98.14. The company has a market capitalization of $208.75 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.58 and a beta of 1.18. Citigroup Inc. has a 1 year low of $55.51 and a 1 year high of $122.84. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.89 by $0.35. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The business had revenue of $22.09 billion for the quarter, compared to the consensus estimate of $20.92 billion. During the same period last year, the company earned $1.51 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, November 3rd. Citigroup’s dividend payout ratio is presently 33.71%.

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.