Capital International Sarl Has $19.19 Million Position in Citigroup Inc. (NYSE:C)

Capital International Sarl lifted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 166.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 272,666 shares of the company's stock after buying an additional 170,311 shares during the period. Capital International Sarl's holdings in Citigroup were worth $19,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in C. Core Alternative Capital increased its holdings 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 during the period. Webster Bank N. A. raised its holdings 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 purchasing an additional 300 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the 4th quarter worth $35,000. Sierra Ocean LLC acquired a new stake in Citigroup in the fourth quarter valued at $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Citigroup during the 4th quarter worth about $39,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Up 3.2 %

Shares of C stock traded up $2.02 during trading hours on Tuesday, reaching $64.71. The company had a trading volume of 3,380,007 shares, compared to its average volume of 14,385,171. The stock's fifty day simple moving average is $70.75 and its 200 day simple moving average is $71.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $121.79 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

Insiders Place Their Bets

In related news, insider Sara Wechter sold 15,125 shares of the business'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 value of $1,225,276.25. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the transaction, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. This represents a 21.20 % decrease in their position. 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 over the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on C. The Goldman Sachs Group cut their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Morgan Stanley reduced their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Barclays upgraded shares of Citigroup from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Bank of America dropped their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.61.

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.