Citigroup Inc. (NYSE:C) CFO Sells $4,864,872.65 in Stock

Citigroup Inc. (NYSE:C - Get Free Report) CFO Mark Mason sold 58,465 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Citigroup Trading Down 2.1 %

NYSE C traded down $1.70 on Friday, hitting $79.65. The company's stock had a trading volume of 14,736,792 shares, compared to its average volume of 15,621,527. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. 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 company's 50-day simple moving average is $76.63 and its 200 day simple moving average is $68.32. The firm has a market cap of $150.63 billion, a P/E ratio of 13.39, a PEG ratio of 0.66 and a beta of 1.44.

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, topping the consensus estimate of $1.22 by $0.12. The business 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%. The business's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

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

Citigroup declared that its board has approved a share buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

C has been the topic of several recent research reports. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Truist Financial started coverage on Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Wells Fargo & Company raised their price target on Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Morgan Stanley raised their price target on Citigroup from $104.00 to $109.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Citigroup by 11.1% in the 4th quarter. True Wealth Design LLC now owns 1,195 shares of the company's stock valued at $84,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC raised its stake in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company's stock valued at $459,000 after buying an additional 120 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake 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 valued at $608,000 after buying an additional 135 shares during the last quarter. Hemington Wealth Management raised its stake in Citigroup by 10.9% during 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. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Citigroup by 3.4% during 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. Hedge funds and other institutional investors own 71.72% of the company's stock.

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.