Aster Capital Management DIFC Ltd Grows Holdings in Citigroup Inc. (NYSE:C)

Aster Capital Management DIFC Ltd lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 1,316.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,961 shares of the company's stock after buying an additional 10,187 shares during the period. Aster Capital Management DIFC Ltd's holdings in Citigroup were worth $772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blake Schutter Theil Wealth Advisors LLC grew its holdings in Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after purchasing an additional 135 shares during the period. Hemington Wealth Management lifted its position in shares of Citigroup by 10.9% in the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after buying an additional 136 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after buying an additional 137 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock worth $419,000 after acquiring an additional 139 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Citigroup by 1.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock valued at $592,000 after acquiring an additional 140 shares during the period. 71.72% of the stock is owned by institutional investors.

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Citigroup Price Performance

Shares of C stock traded down $3.33 on Thursday, hitting $60.82. 13,121,641 shares of the company's stock were exchanged, compared to its average volume of 14,372,263. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50 day moving average of $73.60 and a 200 day moving average of $70.93. The stock has a market cap of $114.48 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. The company 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% compared to the same quarter last year. During the same period last year, the company posted $0.84 EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its board has approved a stock repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.68%. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

Insider Buying and Selling at Citigroup

In other news, 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 completion of the sale, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the transaction, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,590 shares of company stock worth $8,523,149. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on C shares. JPMorgan Chase & Co. reduced their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Barclays upgraded shares of Citigroup from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Morgan Stanley decreased their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.54.

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.