Citigroup Inc. (NYSE:C) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,324 shares of the company's stock after selling 17,080 shares during the quarter. Morningstar Investment Management LLC's holdings in Citigroup were worth $516,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hemington Wealth Management grew its stake in Citigroup by 10.9% during the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock worth $97,000 after buying an additional 136 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Citigroup by 1.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock worth $592,000 after acquiring an additional 140 shares in the last quarter. Avitas Wealth Management LLC grew its stake in shares of Citigroup by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 22,907 shares of the company's stock worth $1,612,000 after acquiring an additional 143 shares during the last quarter. NTV Asset Management LLC increased its holdings in shares of Citigroup by 2.5% during the fourth quarter. NTV Asset Management LLC now owns 6,092 shares of the company's stock valued at $429,000 after acquiring an additional 148 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of Citigroup by 0.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 39,008 shares of the company's stock valued at $2,746,000 after purchasing an additional 150 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Citigroup stock traded down $1.70 during mid-day trading on Friday, hitting $79.65. The company had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. 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 has a market capitalization of $150.63 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.66 and a beta of 1.44. The company's fifty day moving average is $76.80 and its 200-day moving average is $68.48. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm's quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

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

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

Analysts Set New Price Targets

C has been the topic of several research analyst reports. Piper Sandler reissued an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Bank of America upped their target price on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their price objective on Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $83.93.

Insider Buying and Selling

In related news, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction dated 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 sale, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is owned by company insiders.

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.