Citigroup (C)

Company Profile

Citigroup Inc. or citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. Citigroup is the third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four banking institutions of the United States. Citigroup is ranked 30th on the Fortune 500 as of 2019. Citigroup has over 200 million customer accounts and does business in more than 160 countries. It has 204,000 employees.

Company profile

Ticker

C, C+N, C+J

Exchange

NYSE

Website

www.citigroup.com

CEO

Michael Corbat

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank Of America • U.S. Bancorp. • Capital One Financial • PNC Financial Services • Shinhan Financial • HSBC USA • Regions Financial • Keycorp • Santander Holdings USA ...

Former names

TRAVELERS GROUP INC, TRAVELERS INC

SEC CIK

0000831001

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Citicorp Banking Corporation • Associates First Capital Corporation • CitiFinancial Credit Company • Citicorp LLC • Citi GSCP Inc. • TRV Investments LLC • COHM Overseas Mexico • Citicorp (Mexico) Holdings LLC • Grupo Financiero Citibanamex, S.A. de C.V. • Banco Nacional de Mexico, S.A. ...

IRS number

521568099

C stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$57.33

Low target

$45.00

High target

$78.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

424B2

Prospectus for primary offering

26 May 23

FWP

Free writing prospectus

26 May 23

FWP

Free writing prospectus

26 May 23

FWP

Free writing prospectus

26 May 23

FWP

Free writing prospectus

26 May 23

424B2

Prospectus for primary offering

26 May 23

424B2

Prospectus for primary offering

26 May 23

FWP

Free writing prospectus

26 May 23

424B2

Prospectus for primary offering

26 May 23

424B2

Prospectus for primary offering

26 May 23

Transcripts

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Earnings call transcript

2023 Q1

14 Apr 23

Earnings call transcript

2022 Q4

13 Jan 23

Earnings call transcript

2022 Q3

14 Oct 22

Earnings call transcript

2022 Q2

15 Jul 22

Earnings call transcript

2022 Q1

14 Apr 22

Earnings call transcript

2021 Q4

14 Jan 22

Earnings call transcript

2021 Q3

14 Oct 21

Earnings call transcript

2021 Q2

14 Jul 21

Earnings call transcript

2021 Q1

15 Apr 21

Earnings call transcript

2020 Q4

16 Jan 21

Latest ownership filings

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13F-HR

Quarterly holdings report by institutional manager

11 May 23

SC 13G/A

Apollo Endosurgery, Inc.

8 May 23

Zdenek Turek

19 Apr 23

Koskull Casper Wilhelm von

Financial summary

Financial statements Chart C financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	323.96 bn	323.96 bn	323.96 bn	323.96 bn	323.96 bn	323.96 bn
Cash burn (monthly)	6.02 bn	(no burn)	(no burn)	(no burn)	10.16 bn	(no burn)
Cash used (since last report)	11.94 bn	n/a	n/a	n/a	20.14 bn	n/a
Cash remaining	312.02 bn	n/a	n/a	n/a	303.82 bn	n/a
Runway (months of cash)	51.8	n/a	n/a	n/a	29.9	n/a

Beta Read what these cash burn values mean

Financial data from Citigroup earnings reports.

Institutional ownership, Q1 2023

C institutional ownership history Ownership history

69.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1499	1553	-3.5%
Opened positions	113	190	-40.5%
Closed positions	167	196	-14.8%
Increased positions	670	493	+35.9%
Reduced positions	525	702	-25.2%

13F shares	Current	Prev Q	Change
Total value	63.02 tn	62.81 tn	+0.3%
Total shares	1.35 bn	1.39 bn	-3.2%
Total puts	83.23 mm	94.34 mm	-11.8%
Total calls	58.92 mm	79.91 mm	-26.3%
Total put/call ratio	1.4	1.2	+19.7%

Largest owners	Shares	Value	Change
Vanguard	169.65 mm	$7.96 tn	+1.2%
BLK Blackrock	163.15 mm	$7.65 tn	-0.2%
STT State Street	82.52 mm	$3.87 tn	-4.0%
BRK.A Berkshire Hathaway	55.24 mm	$2.59 tn	+0.2%
Geode Capital Management	35.18 mm	$1.65 tn	+1.5%
BK Bank Of New York Mellon	26.70 mm	$1.25 tn	+0.1%
BAC Bank Of America	26.22 mm	$1.23 tn	+29.7%
MS Morgan Stanley	22.81 mm	$1.07 tn	-11.8%
Massachusetts Financial Services	22.74 mm	$1.07 tn	+23.9%
Fisher Asset Management	21.89 mm	$1.03 tn	+216016.2%

Largest transactions	Shares	Bought/sold	Change
Fisher Asset Management	21.89 mm	+21.88 mm	+216016.2%
Norges Bank	0.00	-13.97 mm	EXIT
FMR	18.45 mm	+11.41 mm	+161.9%
Capital World Investors	3.55 mm	-9.23 mm	-72.2%
BMO Bank of Montreal	0.00	-7.21 mm	EXIT
Cibc World Markets	1.63 mm	-7.17 mm	-81.5%
T. Rowe Price	13.92 mm	-6.50 mm	-31.8%
BCS Barclays	4.46 mm	-6.12 mm	-57.8%
BAC Bank Of America	26.22 mm	+6.00 mm	+29.7%
Hotchkis & Wiley Capital Management	16.14 mm	-5.45 mm	-25.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

C insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Apr 23	Zdenek Turek	Common Stock	Sell	Dispose S	No	No	49.87	12,000	598.44 k	155,979.46
1 Apr 23	Dailey Grace E	Common Stock	Grant	Acquire A	No	No	45.782	63.276	2.90 k	11,059.962
1 Apr 23	Dugan John Cunningham	Common Stock	Grant	Acquire A	Yes	No	45.782	1,365.165	62.50 k	21,070.896
1 Apr 23	Costello Ellen	Common Stock	Grant	Acquire A	No	No	45.782	63.276	2.90 k	5,743.491
1 Apr 23	Costello Ellen	Common Stock	Grant	Acquire A	Yes	No	45.782	489.312	22.40 k	45,861.246
1 Apr 23	Costello Ellen	Common Stock	Grant	Acquire A	Yes	No	45.782	1,447.075	66.25 k	45,371.934
1 Apr 23	Duncan P Hennes	Common Stock	Grant	Acquire A	No	No	45.782	63.276	2.90 k	6,155.491
1 Apr 23	Duncan P Hennes	Common Stock	Grant	Acquire A	Yes	No	45.782	275.865	12.63 k	25,039.879