Intech Investment Management Adds $9M in Citigroup Inc. ($C)
Intech Investment Management has increased its stake in Citigroup by 17.3%, reflecting confidence in the financial giant.
Key Points
- Intech Investment Management boosted its stake in Citigroup by 17.3%, adding 64,039 shares for a total of 434,710 shares as of the latest 13F filing.
- Citigroup shares are trading near $139.83 with a market cap of approximately $238.5 billion and a P/E ratio of 17.28.
- Analysts maintain a positive outlook on Citigroup, with multiple firms setting price targets above the current trading price.
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Intech Investment Management has increased its stake in Citigroup Inc. (NYSE: C) by 17.3%, according to its latest filing with the SEC. The firm added 64,039 shares, bringing its total holdings to 434,710 shares, valued at approximately $60.8 million as of the reporting period.
What Changed in Intech Investment Management's Citigroup Position
Intech Investment Management's recent move reflects a significant increase in its Citigroup position. Before this change, the firm held 370,671 shares. The addition of 64,039 shares represents a 17.3% boost, resulting in a total of 434,710 shares valued at about $60.8 million.
Other Institutional Activity in Citigroup
Several other institutional investors have also adjusted their positions in Citigroup. BlackRock, Inc. reduced its holdings by 7,858,226 shares, ending with 153,780,316 shares worth approximately $17.4 billion. Vanguard Capital Management LLC added significantly, now holding 109,658,356 shares valued at $12.4 billion. State Street Corp cut its stake by 1,871,853 shares, leaving it with 78,042,648 shares valued at about $8.9 billion. Geode Capital Management, LLC trimmed its position by 939,590 shares, resulting in 42,312,782 shares worth roughly $4.8 billion. Meanwhile, Franklin Resources Inc. increased its holdings by 4,774,532 shares, bringing its total to 38,971,315 shares valued at $4.4 billion.
Citigroup Inc. Stock Up 5.3%
Shares of Citigroup Inc. are trading near $139.83. The company has a market cap of approximately $238.5 billion and a P/E ratio of 17.28, with a forward P/E of 11.16. Citigroup's beta is 1.115, indicating moderate volatility compared to the market. The stock's 52-week range is between $76.95 and $141.12, and it has a 50-day moving average of $127.63 and a 200-day moving average of $112.38.
$C stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Citigroup reported revenue of $78.7 billion with a growth rate of 15.9%. The company's net margin stands at 20.36%, and its return on equity is 7.65%. Earnings per share (EPS) are reported at $8.09. The next earnings announcement is expected on July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.
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Profit surprise
Operating income missed by 20 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.
Earnings Call Summary
Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.
Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
Citigroup pays an annual dividend rate of $2.40, yielding 1.72%. The dividend payout ratio is 29.17%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Citigroup Inc.
Recent insider transactions at Citigroup include several sales and purchases. On May 8, 2026, John Cunningham Dugan sold 2,117 shares at an average price of $125.30. Earlier, on April 20, 2026, David Livingstone, Chief Client Officer, sold 85,180 shares at $132.18. Chief Accounting Officer Nicole Giles sold 12,732 shares at $131.80 on April 15, 2026. On the same day, Edward Skyler, Head of Enterprise Services & Public Affairs, sold 25,000 shares at $131.41. However, on April 1, 2026, Grace Dailey and Gary Reiner each bought shares at $110.99, with Dailey purchasing 7 shares and Reiner buying 405 shares.
Analysts Set New Price Targets
On May 8, 2026, Keefe, Bruyette & Woods maintained a 'buy' rating on Citigroup with a price target of $153. JP Morgan kept its 'buy' rating with a target of $135.50 on April 30, 2026. Wells Fargo also maintained its 'buy' rating, setting a target price of $162 on April 29, 2026. The consensus among analysts is a 'buy' recommendation, with a mean target price of $146.93 based on 21 analyst opinions.
About Citigroup
Citigroup Inc. is a major player in the financial services sector, providing a wide range of financial products and services. Headquartered in New York, NY, and led by CEO Jane Nind Fraser, the company operates through various segments including Services, Markets, Banking, U.S. Personal Banking, and Wealth. Citigroup serves a global client base, offering solutions in cash management, securities services, and investment banking among others. With approximately 224,000 employees, the company has a strong presence in North America, Europe, Asia, and other regions.
Bottom Line
Intech Investment Management's increased stake in Citigroup suggests a positive outlook on the financial giant. With Citigroup's diverse operations and strong market presence, it remains a significant player in the financial services industry. Investors often track such 13F filings to gauge institutional sentiment, though these reports reflect positions at the end of the reporting period and may not represent the current stance.
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