Schonfeld Strategic Advisors 13F: Cuts C Stake by $26M

Schonfeld Strategic Advisors Trims Citigroup Position

Schonfeld Strategic Advisors, an institutional investment firm known for its multi-manager platform and quantitative trading strategies, significantly scaled back its investment in Citigroup Inc. (NYSE: C). According to the fund's latest Form 13F filing with the Securities and Exchange Commission, Schonfeld cut its holdings in the financial giant by 62.1% during the reporting period ending May 15, 2026.

This transaction reflects the fund's holdings as of the reporting date and may not represent its current portfolio. Schonfeld's strategy often involves rapid, technology-driven trading across global markets, meaning its positions can shift quickly compared to traditional long-term investors.

Details on the Citigroup Divestment

Schonfeld sold 183,160 shares of Citigroup during the period, leaving it with 111,481 shares. The remaining position is valued at approximately $15.6 million. Prior to this reduction, the fund held 294,641 shares of the New York-based lender. This move contrasts with other recent institutional activity in Citigroup, such as B. Riley Wealth Advisors boosting its own stake in the bank by 118.9% in late 2026.

Citigroup Stock Activity

On Saturday, Citigroup stock closed at $139.96. The bank's shares have been trading in a 52-week range of $95.00 to $147.96. Citigroup is currently trading above both its 50-day moving average of $132.86 and its 200-day moving average of $126.35. The company's price-to-earnings ratio is 12.0, while its forward P/E ratio is 9.4, suggesting that investors expect stronger earnings ahead.

Recent Earnings

Citigroup reported total revenue of $83.3 billion, representing a revenue growth rate of 8.0%. The company posted an earnings per share of $10.26, supported by a net margin of 23.2% and a return on equity of 9.3%. Shareholders looking forward to the next financial update can mark their calendars for Citigroup's next earnings release on January 14, 2027.

Dividend

Citigroup continues to return capital to its shareholders through regular dividend payments. The stock currently offers a dividend yield of 2.18%. This payout is backed by a conservative dividend payout ratio of 25.9%, leaving the bank with plenty of retained earnings to fund its operations and capital requirements.

Analysts Set New Price Targets

Wall Street analysts have kept a close eye on Citigroup, with several firms updating their targets in autumn 2026. On October 14, 2026, TD Cowen maintained a buy rating on the stock with a $148.00 price target. The same day, RBC Capital reiterated an outperform rating with a $135.00 target. Meanwhile, JP Morgan kept an overweight rating on October 2, 2026, setting its price target at $147.00. Overall, the consensus among 21 analyst opinions is a buy, with a average price target of $150.71.

About Citigroup

Citigroup is a global diversified financial services holding company that provides banking, trading, and wealth management services to consumers, corporations, and governments. Founded in 1812, the Wall Street giant operates through segments including investment banking, personal consumer banking, and global wealth services. Schonfeld's decision to pare back its position comes as the bank continues its multi-year restructuring plan under CEO Jane Fraser.

What to Watch

Investors monitoring Citigroup should watch how the bank performs during its upcoming earnings call in January 2027. Additionally, upcoming 13F filings in the next quarters will reveal whether quantitative funds like Schonfeld decide to build back their positions or continue moving their capital into other sectors. Because 13F filings are delayed by up to 45 days, these reports offer a backward-looking window rather than real-time portfolio tracking.