Hussman Strategic Advisors Inc. Has $3.70 Million Stock Position in Citigroup Inc. (NYSE:C)

Hussman Strategic Advisors Inc. grew its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,500 shares of the company's stock after purchasing an additional 10,500 shares during the quarter. Citigroup comprises about 1.1% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 11th biggest holding. Hussman Strategic Advisors Inc.'s holdings in Citigroup were worth $3,695,000 as of its most recent filing with the Securities & Exchange Commission.

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

Citigroup Price Performance

Citigroup stock traded down $1.70 during trading hours on Friday, reaching $79.65. 14,902,958 shares of the stock were exchanged, compared to its average volume of 15,626,512. The stock has a 50 day moving average of $76.80 and a two-hundred day moving average of $68.48. The company has a market cap of $150.63 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44. 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 announced its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its board has approved a stock repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

Insider Buying and Selling at Citigroup

In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of the company's 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 of the company's stock, valued at $18,586,498. This represents a 11.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now owns 217,331 shares of the company's stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock worth $8,523,149 over the last 90 days. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on C shares. Wells Fargo & Company increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Evercore ISI increased their target price on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Finally, Bank of America boosted their price target on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $83.93.

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.