Securian Asset Management Inc. Reduces Position in Citigroup Inc. $C

Securian Asset Management Inc. trimmed its holdings in Citigroup Inc. (NYSE:C) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,905 shares of the company’s stock after selling 8,744 shares during the quarter. Securian Asset Management Inc.’s holdings in Citigroup were worth $9,024,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in C. Norges Bank acquired a new stake in shares of Citigroup in the second quarter valued at approximately $2,455,929,000. Swedbank AB grew its holdings in Citigroup by 14.8% in the 2nd quarter. Swedbank AB now owns 10,906,386 shares of the company’s stock valued at $928,352,000 after buying an additional 1,406,624 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Citigroup by 47.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,334,407 shares of the company’s stock worth $368,945,000 after acquiring an additional 1,393,865 shares during the last quarter. Natixis increased its stake in shares of Citigroup by 382.7% in the 2nd quarter. Natixis now owns 1,523,782 shares of the company’s stock worth $129,704,000 after acquiring an additional 1,208,089 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Citigroup during the 1st quarter worth $85,337,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Shares reached new 52‑week highs as market sentiment has turned favorable amid deregulation talk, rate dynamics and optimism on Citi’s strategy. Citigroup Stock Reaches New 52-Week High
• Neutral Sentiment: Upcoming quarterly earnings release is a near‑term catalyst — results and guidance will likely drive the next leg of the move (could amplify upside or trigger profit‑taking). Citigroup to Release Quarterly Earnings
• Neutral Sentiment: Citi’s research is active on major energy names (example: it recently trimmed a Chevron price target), underscoring Citi’s role as a large sell‑side franchise that can sway sectors but doesn’t directly change Citi’s near‑term earnings. Why Chevron’s Venezuela Exposure Puts CVX Stock in Play
• Negative Sentiment: Wells Fargo Advisors poached an ultra‑high‑net‑worth advisory team managing roughly $1.2B from Citi — a direct loss for Citi’s wealth management fees and AUM growth. Wells Fargo recruits $1.2B advisory team from Citigroup
• Negative Sentiment: Citi and JPMorgan reportedly opted out of a $1.4B SBI Funds IPO over low underwriting fees — a missed underwriting revenue opportunity in a large emerging‑market deal. Citi, JPMorgan opt out of $1.4 billion SBI Funds IPO
• Negative Sentiment: Some analysts warn Citi may be “priced for perfection” after the run; valuation and consensus earnings expectations look elevated, leaving limited margin for disappointment if earnings or guidance miss. Citigroup: Priced For Perfection

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Citigroup from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 30th. Barclays lifted their price target on shares of Citigroup from $115.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley increased their price objective on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Bank of America raised their target price on Citigroup from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Zacks Research lowered Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.69.

Citigroup Stock Down 0.6%

NYSE:C opened at $122.52 on Wednesday. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $124.17. The stock’s fifty day moving average is $107.90 and its two-hundred day moving average is $99.34. The stock has a market capitalization of $219.22 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.60 per share. The ex-dividend date was Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. Citigroup’s dividend payout ratio is 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.