Advyzon Investment Management LLC Acquires Shares of 3,703 Citigroup Inc. (NYSE:C)

Advyzon Investment Management LLC acquired a new position in Citigroup Inc. (NYSE:C - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,703 shares of the company's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Core Alternative Capital lifted its position in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Citigroup in the third quarter worth approximately $31,000. Webster Bank N. A. lifted its position 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 approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its position in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company's stock worth $36,000 after purchasing an additional 368 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Down 2.1 %

Shares of C traded down $1.70 during mid-day trading on Friday, reaching $79.65. The company's stock had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. The business has a fifty day moving average of $76.63 and a 200 day moving average of $68.32. The company has a market cap of $150.63 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.81%. Citigroup's dividend payout ratio is 37.65%.

Citigroup declared that its board has approved a share repurchase program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on C shares. Bank of America upped their target price on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Piper Sandler restated an "overweight" rating and issued a $83.00 target price (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Evercore ISI increased their price objective on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research report on Thursday, January 16th. Truist Financial started coverage on Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price objective for the company. Finally, Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.93.

Insider Buying and Selling

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,590 shares of company stock worth $8,523,149. Corporate 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.