Mackenzie Financial Corp Acquires 78,035 Shares of Citigroup Inc. $C

NodeGuardian · 2026-03-15T06:35:35+00:00

Mackenzie Financial Corp raised its Citigroup stake by 3.4%, totaling 2,377,488 shares valued at $241.3 million. Institutional ownership is at 71.72%, with a positive outlook for growth and a target price of $127.25.

NodeGuardian

2026-03-15 06:35:35

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Mackenzie Financial Corp increased its stake in Citigroup Inc. by 3.4% in the third quarter, acquiring an additional 78,035 shares, bringing its total holdings to 2,377,488 shares valued at $241.3 million. Other major institutional investors also significantly increased their positions, resulting in institutional investors owning 71.72% of the stock. Citigroup’s outlook is positive, with expectations for mid-teens growth in Q1 investment-banking fees, increased AI investment projections, and a target of 5-6% net interest income growth in 2026, leading to a consensus analyst target price of $127.25 and a quarterly dividend of $0.60.

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