Blue Trust Inc. Sells 9,579 Shares of Citigroup Inc. (NYSE:C)

Blue Trust Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,021 shares of the company's stock after selling 9,579 shares during the quarter. Blue Trust Inc.'s holdings in Citigroup were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Core Alternative Capital increased its stake in shares of Citigroup by 83.4% during the fourth 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 position in Citigroup during the third quarter worth $31,000. Northwest Investment Counselors LLC acquired a new stake in shares of Citigroup during the third quarter worth about $28,000. Webster Bank N. A. boosted 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 buying an additional 300 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company's stock valued at $36,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on C shares. Bank of America raised their price target on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. Oppenheimer dropped their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. The Goldman Sachs Group raised 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. Finally, Evercore ISI lifted their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.

Insider Buying and Selling at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, 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 filing with the SEC, which is available through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction that occurred on 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 owns 109,780 shares in the company, valued at $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Performance

Shares of C stock traded down $1.70 during trading hours on Friday, reaching $79.65. 14,901,587 shares of the company's stock were exchanged, compared to its average volume of 15,622,501. The business has a fifty day moving average price of $76.63 and a 200-day moving average price of $68.32. The stock has a market capitalization of $150.63 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.66 and a beta of 1.44. 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 Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued 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 return on equity of 6.62% and a net margin of 7.43%. During the same period last year, the business earned $0.84 earnings per share. Citigroup's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup announced that its board has approved a share repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to reacquire 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 shares are 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.