Citigroup Inc. $C Stock Sold by Sumitomo Mitsui Trust Group Inc.

01 Nov 2026, 12:17 by Kim Johansen · The Markets Daily

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Citigroup Inc. (NYSE:C – Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,572,276 shares of the company’s stock after selling 313,058 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Citigroup worth $462,538,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in shares of Citigroup during the second quarter valued at about $898,000. Andra AP fonden lifted its stake in shares of Citigroup by 22.3% during the second quarter. Andra AP fonden now owns 274,600 shares of the company’s stock worth $38,433,000 after buying an additional 50,100 shares during the period. Saudi Central Bank grew its stake in Citigroup by 80.8% during the 2nd quarter. Saudi Central Bank now owns 119,392 shares of the company’s stock valued at $16,710,000 after purchasing an additional 53,348 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Citigroup by 30.7% in the second quarter. Concurrent Investment Advisors LLC now owns 131,946 shares of the company’s stock valued at $18,467,000 after buying an additional 31,007 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Citigroup by 3.7% in the 2nd quarter. State Street Corp now owns 80,956,349 shares of the company’s stock valued at $11,199,986,000 after acquiring an additional 2,913,701 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

Citigroup Price Performance

Shares of C opened at $122.62 on Friday. Citigroup Inc. has a 1-year low of $95.83 and a 1-year high of $147.96. The stock has a market cap of $209.14 billion, a PE ratio of 11.96, a P/E/G ratio of 0.54 and a beta of 1.13. The firm has a 50-day simple moving average of $130.02 and a two-hundred day simple moving average of $126.44. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99.

Citigroup (NYSE:C – Get Free Report) last posted its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. As a group, analysts forecast that Citigroup Inc. will post 11.44 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup’s payout ratio is presently 26.15%.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Argus set a $150.00 target price on Citigroup in a report on Wednesday, July 15th. Zacks Research lowered shares of Citigroup from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. HSBC began coverage on shares of Citigroup in a research report on Monday, September 28th. They issued a “buy” rating and a $164.00 target price for the company. Finally, Royal Bank Of Canada decreased their price target on shares of Citigroup from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $150.87.

View Our Latest Stock Report on C

About Citigroup

(Free Report)

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.