Coldstream Capital Management Inc. lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,488 shares of the company's stock after acquiring an additional 5,256 shares during the period. Coldstream Capital Management Inc.'s holdings in Citigroup were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of C. Capital Analysts LLC increased its stake in Citigroup by 1.7% during the fourth quarter. Capital Analysts LLC now owns 226,428 shares of the company's stock worth $15,938,000 after acquiring an additional 3,824 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Citigroup during the 4th quarter worth about $23,141,000. Voya Investment Management LLC raised its holdings in Citigroup by 7.0% in the 4th quarter. Voya Investment Management LLC now owns 4,870,036 shares of the company's stock valued at $342,802,000 after buying an additional 317,953 shares during the period. Integrated Wealth Concepts LLC lifted its position in Citigroup by 4.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 115,447 shares of the company's stock valued at $8,126,000 after buying an additional 5,333 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Citigroup by 12.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,024,286 shares of the company's stock worth $142,489,000 after buying an additional 226,000 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.
Insider Buying and Selling at Citigroup
In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares of the company's stock, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the business'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 completion of the sale, the insider now directly owns 109,780 shares of the company's stock, 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. Insiders have sold 103,590 shares of company stock worth $8,523,149 over the last three months. Insiders own 0.08% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on C shares. JPMorgan Chase & Co. decreased their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada decreased their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.61.
View Our Latest Analysis on C
Citigroup Trading Up 0.5 %
Shares of NYSE:C opened at $68.47 on Monday. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company's 50 day moving average is $69.38 and its two-hundred day moving average is $71.15. The company has a market cap of $128.88 billion, a PE ratio of 11.51, a P/E/G ratio of 0.64 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.
Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.
Citigroup Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.
About Citigroup
(
Free Report)
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.
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