Citizens National Bank Trust Department Increases Holdings in Citigroup Inc. (NYSE:C)

Citizens National Bank Trust Department increased its position in Citigroup Inc. (NYSE:C - Free Report) by 4,076.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,201 shares of the company's stock after purchasing an additional 13,861 shares during the quarter. Citizens National Bank Trust Department's holdings in Citigroup were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in C. 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. MassMutual Private Wealth & Trust FSB raised its position in shares of Citigroup by 1.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock worth $592,000 after purchasing an additional 140 shares during the last quarter. Avitas Wealth Management LLC grew its position in Citigroup by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 22,907 shares of the company's stock valued at $1,612,000 after purchasing an additional 143 shares during the last quarter. NTV Asset Management LLC grew its position in Citigroup by 2.5% during the 4th quarter. NTV Asset Management LLC now owns 6,092 shares of the company's stock valued at $429,000 after purchasing an additional 148 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its stake in Citigroup by 0.4% during 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 in the last quarter. Institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Piper Sandler reiterated an "overweight" rating and set a $83.00 target price (up from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. The Goldman Sachs Group increased their price target on Citigroup from $77.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Evercore ISI increased their price target on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.93.

Citigroup Stock Down 2.1 %

NYSE:C traded down $1.70 during trading hours on Friday, reaching $79.65. The company's stock had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. The stock has a 50 day moving average price of $76.80 and a two-hundred day moving average price of $68.48. 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 $150.63 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44. 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 issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. During the same period in the prior year, the business posted $0.84 EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given 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 currently 37.65%.

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

Insider Buying and Selling

In other news, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total value of $2,433,000.00. Following the completion of the sale, the chief operating officer now owns 229,180 shares of the company's stock, valued at $18,586,498. This trade represents a 11.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % 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 worth $8,523,149 in the last 90 days. 0.08% of the stock is owned by corporate 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.