State of New Jersey Common Pension Fund D Sells 14,970 Shares of Citigroup Inc. $C

State of New Jersey Common Pension Fund D reduced its position in Citigroup Inc. (NYSE:C) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 628,915 shares of the company’s stock after selling 14,970 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Citigroup were worth $73,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richards Merrill & Peterson Inc. bought a new position in shares of Citigroup during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its position in Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Maseco LLP purchased a new position in shares of Citigroup in the 4th quarter valued at approximately $35,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Citigroup during the fourth quarter worth $35,000. Finally, Bogart Wealth LLC grew its stake in Citigroup by 80.6% during the 4th quarter. Bogart Wealth LLC now owns 307 shares of the company’s stock valued at $36,000 after purchasing an additional 137 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS forecasts for Citigroup, signaling improved analyst expectations after Citi’s strong Q1 print — a direct earnings tailwind for the stock. Erste Group raises FY2026/FY2027 estimates for Citigroup
• Positive Sentiment: Citi is beefing up front-office capabilities: it hired JPMorgan’s Bhavin Shukla to lead Asia infrastructure and added Barclays’ Potts to run its shareholder-advisory arm (ex‑North America). Those senior hires support fee revenue growth in high‑margin cross‑border M&A and infrastructure deals. Citigroup Hires JPMorgan’s Shukla as Head of Asia Infrastructure Citi hires Barclays’ Potts to head shareholder advisory arm
• Positive Sentiment: Citi’s wealth unit pushed a strategic partnership with Advyzon to expand its advisory platform, supporting recurring fee income and wealth‑management growth targets. Citigroup Strengthens Advisory Unit
• Neutral Sentiment: Citi research upgraded its long‑run AI market view — forecasting a ~$4.2T AI opportunity and naming Anthropic a leader — which bolsters Citi’s research/IB thought leadership but is a longer‑term revenue story. Citi Projects $4 Trillion AI Market Fueled by Enterprise Growth
• Neutral Sentiment: Macro backdrop: the Fed’s pause/uneven vote keeps rate expectations in focus for net‑interest‑income trajectories at big banks — a mixed influence on bank stocks. Fed Leaves Interest Rates Unchanged In Unusually Divided Vote
• Negative Sentiment: Quiver/13F data flagged sizable institutional rebalancing (notably UBS trimming ~36.8M shares) and multiple insider sales in recent months — selling pressure that can cap near‑term upside despite positive company news. QuiverQuant: Institutional moves and insider sales in C
• Negative Sentiment: Crypto and geopolitical headlines (Anthropic restrictions, Middle East uncertainty) heighten market volatility and could indirectly pressure risk‑sensitive trading and investment‑banking flows. Trump Administration Halts Anthropic’s Mythos AI Expansion Plans Over Security Fears

Citigroup Stock Down 1.3%

Shares of NYSE C opened at $126.86 on Thursday. The business’s 50 day moving average is $116.77 and its two-hundred day moving average is $112.05. Citigroup Inc. has a 52-week low of $66.72 and a 52-week high of $135.29. 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 firm has a market cap of $217.55 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.58 and a beta of 1.11.

Citigroup (NYSE:C) last released its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.19% and a net margin of 9.35%.Citigroup’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Research analysts predict that Citigroup Inc. will post 10.62 EPS for the current year.

Citigroup Dividend Announcement

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 $0.60 dividend. The ex-dividend date 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 is presently 29.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on C. TD Cowen reaffirmed a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Oppenheimer boosted their price objective on Citigroup from $132.00 to $144.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. UBS Group restated a “neutral” rating and set a $132.00 price target on shares of Citigroup in a research report on Thursday, January 15th. Morgan Stanley increased their price objective on Citigroup from $140.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Citigroup in a report on Wednesday, January 7th. 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. According to MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $136.06.

Insider Activity at Citigroup

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction dated 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 92,318 shares of company stock worth $10,764,814 over the last quarter. 0.11% of the stock is currently owned by insiders.

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.