3Chopt Investment Partners LLC Takes Position in Citigroup Inc. (NYSE:C)

3Chopt Investment Partners LLC acquired a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,004 shares of the company's stock, valued at approximately $845,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Alternative Capital raised its position in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the last quarter. Webster Bank N. A. grew its holdings in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares during the period. Creative Capital Management Investments LLC acquired a new stake in Citigroup in the fourth quarter worth $35,000. Sierra Ocean LLC acquired a new stake in Citigroup in the fourth quarter worth $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Citigroup during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Evercore ISI reduced their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Truist Financial decreased their price objective on Citigroup from $85.00 to $84.00 and set a "buy" rating for the company in a report on Friday, April 4th. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Finally, Oppenheimer reduced their price target on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.54.

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Insider Buying and Selling at Citigroup

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the sale, the insider now directly owns 109,780 shares of the company's stock, valued at $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 217,331 shares of the company's stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock worth $8,523,149 over the last three months. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Up 1.7 %

NYSE:C traded up $1.08 on Tuesday, hitting $64.30. The stock had a trading volume of 24,704,991 shares, compared to its average volume of 14,421,343. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm's fifty day simple moving average is $72.22 and its two-hundred day simple moving average is $70.97. The stock has a market cap of $121.02 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio is 37.65%.

Citigroup announced that its Board of Directors has approved a share buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Citigroup Company 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.