3,559 Shares in Citigroup Inc. (NYSE:C) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,559 shares of the company's stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of C. Core Alternative Capital increased its position in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Citigroup in the 3rd quarter worth $31,000. Creative Capital Management Investments LLC bought a new position in shares of Citigroup during the 4th quarter worth about $35,000. Webster Bank N. A. raised its position in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after buying an additional 300 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

C has been the subject of several recent research reports. StockNews.com raised Citigroup from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America lifted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Piper Sandler reissued an "overweight" rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Oppenheimer reduced their price objective on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI upped their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and a consensus price target of $83.53.

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Citigroup Price Performance

Citigroup stock traded up $0.39 on Tuesday, reaching $74.43. The company's stock had a trading volume of 10,917,979 shares, compared to its average volume of 13,309,911. The business's fifty day moving average price is $77.50 and its 200 day moving average price is $70.53. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $140.26 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, February 3rd. Citigroup's dividend payout ratio is currently 37.65%.

Citigroup announced that its Board of Directors has approved a share repurchase program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Sara Wechter sold 15,125 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the sale, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 in the last quarter. Insiders own 0.08% of the company's stock.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.