Homestead Advisers Corp Purchases 37,300 Shares of Citigroup Inc. (NYSE:C)

Homestead Advisers Corp lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,009,385 shares of the company's stock after buying an additional 37,300 shares during the period. Citigroup comprises approximately 1.7% of Homestead Advisers Corp's investment portfolio, making the stock its 26th biggest position. Homestead Advisers Corp owned approximately 0.05% of Citigroup worth $71,051,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Core Alternative Capital raised its position in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Citigroup in the third quarter valued at approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in shares of Citigroup during the 4th quarter worth approximately $35,000. Webster Bank N. A. increased its stake in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Citigroup during the 4th quarter valued at $37,000. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the stock in a transaction 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. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

C has been the subject of several research analyst reports. Evercore ISI lifted their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, January 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 target price (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Truist Financial initiated coverage on Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 target price on the stock. Finally, StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and an average price target of $84.50.

Citigroup Stock Performance

Shares of C stock traded down $0.27 during trading on Monday, hitting $70.06. The company's stock had a trading volume of 5,615,994 shares, compared to its average volume of 13,804,008. The company has a market cap of $131.86 billion, a PE ratio of 11.78, a P/E/G ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $77.06 and a 200-day moving average of $70.81. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results 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 net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup announced that its Board of Directors has authorized 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 usually a sign that the company's board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.56 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.20%. Citigroup's payout ratio is currently 37.65%.

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.