Sanctuary Advisors LLC raised its position in Citigroup Inc. (NYSE:C - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 163,515 shares of the company's stock after purchasing an additional 8,389 shares during the period. Sanctuary Advisors LLC's holdings in Citigroup were worth $11,510,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in C. Core Alternative Capital raised its stake 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 buying an additional 171 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Citigroup during the third quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Citigroup during the third quarter valued at $31,000. Webster Bank N. A. grew its holdings in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after buying an additional 300 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in Citigroup by 184.0% in the third quarter. GHP Investment Advisors Inc. now owns 568 shares of the company's stock valued at $36,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.
Citigroup Trading Down 2.1 %
Shares of C stock traded down $1.70 during mid-day trading on Friday, reaching $79.65. The stock had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. 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 stock's 50-day moving average price is $76.63 and its two-hundred day moving average price is $68.32. The firm has a market capitalization of $150.63 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44.
Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Citigroup's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup announced that its board has approved a share repurchase program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
Citigroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.81%. Citigroup's dividend payout ratio (DPR) is presently 37.65%.
Insider Transactions at Citigroup
In other news, insider Sara Wechter sold 15,125 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the firm's 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 transaction, the chief financial officer now directly owns 217,331 shares in the company, 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 valued at $8,523,149 over the last three months. Corporate insiders own 0.08% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Bank of America boosted their price objective on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Truist Financial initiated 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. Keefe, Bruyette & Woods upped their price objective on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Evercore ISI increased their price target on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley raised their price objective on Citigroup from $104.00 to $109.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Four investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.93.
Check Out Our Latest Stock Analysis on C
About Citigroup
(
Free Report)
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.
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