Atlantic Union Bankshares Corp Purchases 76,869 Shares of Citigroup Inc. (NYSE:C)

Atlantic Union Bankshares Corp raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 222.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,467 shares of the company's stock after acquiring an additional 76,869 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Citigroup were worth $7,846,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of C. Brookstone Capital Management lifted its position in Citigroup by 340.6% in the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock valued at $2,536,000 after acquiring an additional 27,856 shares in the last quarter. Inspire Trust Co. N.A. lifted its position in Citigroup by 34.8% in the 3rd quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock valued at $4,852,000 after acquiring an additional 20,000 shares in the last quarter. FNY Investment Advisers LLC lifted its position in Citigroup by 168.7% in the 4th quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock valued at $1,376,000 after acquiring an additional 12,280 shares in the last quarter. HighTower Advisors LLC lifted its position in Citigroup by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock valued at $22,236,000 after acquiring an additional 8,301 shares in the last quarter. Finally, KBC Group NV lifted its position in Citigroup by 1.8% in the 3rd quarter. KBC Group NV now owns 1,138,511 shares of the company's stock valued at $71,270,000 after acquiring an additional 20,291 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on 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 completion of the sale, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,590 shares of company stock valued at $8,523,149 in the last three months. Company insiders own 0.08% of the company's stock.

Citigroup Stock Down 0.0 %

Citigroup stock opened at $70.55 on Friday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a market capitalization of $132.94 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a 50 day simple moving average of $77.91 and a 200 day simple moving average of $69.60.

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Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same period in the previous year, the business earned $0.84 EPS. Citigroup's revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup announced that its board has initiated 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 purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's payout ratio is 37.65%.

Analyst Ratings Changes

Several equities analysts recently weighed in on C shares. Bank of America raised their price target on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 target price on the stock. The Goldman Sachs Group lifted their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Oppenheimer dropped their target price on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI raised their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.

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.

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