Citigroup Inc. (NYSE:C) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 100.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,153 shares of the company's stock after purchasing an additional 78,724 shares during the period. Ieq Capital LLC's holdings in Citigroup were worth $11,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Core Alternative Capital grew its position in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the period. Northwest Investment Counselors LLC purchased a new position in Citigroup in the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in Citigroup in the 3rd quarter valued at about $31,000. Webster Bank N. A. boosted its holdings in Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on C. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their price objective on Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Bank of America raised their target price on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of "Moderate Buy" and a consensus price target of $83.93.

Insider Activity

In other news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated 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 transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the company'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 transaction of $1,225,276.25. Following the sale, the insider now owns 109,780 shares in the company, 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. Over the last quarter, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Down 2.1 %

C stock traded down $1.70 during mid-day trading on Friday, hitting $79.65. 7,855,687 shares of the company were exchanged, compared to its average volume of 15,406,651. The business has a fifty day simple moving average of $76.63 and a 200-day simple moving average of $68.32. The firm has a market capitalization of $150.63 billion, a P/E ratio of 13.41, a PEG 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. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C - Get Free Report) last posted 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. The firm had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.56 per share. 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 announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

About Citigroup

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.