Capital Analysts LLC Buys 3,824 Shares of Citigroup Inc. (NYSE:C)

Capital Analysts LLC increased its stake in Citigroup Inc. (NYSE:C - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,428 shares of the company's stock after purchasing an additional 3,824 shares during the period. Citigroup accounts for 0.6% of Capital Analysts LLC's portfolio, making the stock its 29th largest holding. Capital Analysts LLC's holdings in Citigroup were worth $15,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of C. Core Alternative Capital grew its holdings in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the period. Webster Bank N. A. raised its holdings in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in Citigroup during the fourth quarter worth about $35,000. Sierra Ocean LLC bought a new position in Citigroup in the fourth quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Price Performance

Citigroup stock traded down $0.18 during trading hours on Monday, reaching $68.25. 14,301,901 shares of the stock were exchanged, compared to its average volume of 14,422,701. The stock has a 50 day moving average of $69.38 and a two-hundred day moving average of $71.15. The company has a market cap of $128.46 billion, a P/E ratio of 11.47, a price-to-earnings-growth 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 Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its board has authorized a stock repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio is currently 35.39%.

Insider Activity at Citigroup

In other news, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at approximately $18,586,498. This represents a 11.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction 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. This represents a 21.20 % decrease in their position. 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 quarter. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial cut their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Morgan Stanley decreased their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler restated an "overweight" rating and set a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.04.

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.