Citigroup Inc. (NYSE:C) Shares Bought by AIA Group Ltd

AIA Group Ltd lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,298 shares of the company's stock after acquiring an additional 30,587 shares during the quarter. AIA Group Ltd's holdings in Citigroup were worth $7,060,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in C. O Shaughnessy Asset Management LLC grew its holdings in Citigroup by 16.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 405,692 shares of the company's stock worth $28,557,000 after acquiring an additional 56,432 shares during the period. Clearbridge Investments LLC grew its stake in shares of Citigroup by 23.6% during the 4th quarter. Clearbridge Investments LLC now owns 176,029 shares of the company's stock worth $12,391,000 after purchasing an additional 33,641 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Citigroup by 74.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 49,019 shares of the company's stock valued at $3,591,000 after purchasing an additional 20,918 shares in the last quarter. Summit Securities Group LLC increased its holdings in shares of Citigroup by 291.5% during the 4th quarter. Summit Securities Group LLC now owns 23,100 shares of the company's stock valued at $1,626,000 after purchasing an additional 17,200 shares in the last quarter. Finally, L & S Advisors Inc acquired a new position in shares of Citigroup in the 4th quarter valued at $6,312,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

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Citigroup Price Performance

NYSE C traded down $7.05 during trading hours on Thursday, hitting $64.71. 20,895,580 shares of the company's stock traded hands, compared to its average volume of 15,830,840. The company has a market capitalization of $121.79 billion, a PE ratio of 10.88, a PEG ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The firm's 50-day moving average is $76.46 and its 200-day moving average is $71.01.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.84 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.46%. The ex-dividend date was Monday, February 3rd. Citigroup's payout ratio is currently 37.65%.

Insiders Place Their Bets

In other news, CFO Mark Mason sold 58,465 shares of the 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 completion of the transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their position. The transaction 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 transaction of $1,225,276.25. Following the completion of the sale, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This trade represents 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 valued at $8,523,149 over the last ninety days. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on C shares. Piper Sandler restated an "overweight" rating and set a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Bank of America cut their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday. Truist Financial started coverage on Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Oppenheimer cut their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.30.

Citigroup 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.