Allianz SE Makes New $9.91 Million Investment in Citigroup Inc. (NYSE:C)

Allianz SE bought a new position in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 140,766 shares of the company's stock, valued at approximately $9,909,000.

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

Insider Transactions at Citigroup

In other news, COO Anand Selvakesari sold 30,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total value of $2,433,000.00. Following the sale, the chief operating officer now owns 229,180 shares of the company's stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the sale, the chief financial officer now 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by corporate insiders.

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Citigroup Stock Performance

Shares of Citigroup stock traded up $1.03 during trading on Wednesday, hitting $71.57. 4,452,451 shares of the stock were exchanged, compared to its average volume of 13,793,324. 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 Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The stock's fifty day moving average is $76.66 and its 200 day moving average is $71.00. The stock has a market cap of $134.71 billion, a PE ratio of 12.03, a P/E/G ratio of 0.64 and a beta of 1.43.

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

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

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 3.13%. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Oppenheimer reduced their price target on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price objective for the company. Evercore ISI dropped their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday. Morgan Stanley reduced their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Piper Sandler restated an "overweight" rating and set a $83.00 price objective (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.86.

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.