TrueMark Investments LLC Grows Holdings in Citigroup Inc. (NYSE:C)

TrueMark Investments LLC increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,745 shares of the company's stock after buying an additional 5,981 shares during the period. Citigroup accounts for 1.6% of TrueMark Investments LLC's holdings, making the stock its 22nd biggest holding. TrueMark Investments LLC's holdings in Citigroup were worth $4,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Financial Engines Advisors L.L.C. bought a new stake in shares of Citigroup in the 4th quarter valued at $396,000. Murphy & Mullick Capital Management Corp bought a new stake in Citigroup in the fourth quarter valued at $77,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Citigroup by 26.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,303,686 shares of the company's stock valued at $91,766,000 after purchasing an additional 271,093 shares during the period. Aire Advisors LLC bought a new position in shares of Citigroup during the 4th quarter worth about $228,000. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Citigroup by 22.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 121,244 shares of the company's stock valued at $8,534,000 after buying an additional 22,072 shares during the period. Institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on C shares. Evercore ISI increased their price target on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday, January 16th. Bank of America lifted their price target on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday. Truist Financial assumed coverage on shares of Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 target price on the stock. Finally, Oppenheimer cut their price target on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

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Citigroup Stock Performance

Shares of NYSE:C traded down $1.57 during midday trading on Friday, reaching $70.28. The company had a trading volume of 13,627,552 shares, compared to its average volume of 13,835,686. The stock has a market cap of $132.28 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.64 and a beta of 1.43. The company's 50 day moving average price is $77.06 and its 200 day moving average price is $70.72. 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 52-week low of $53.51 and a 52-week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.12. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.19%. Citigroup's payout ratio is presently 37.65%.

Citigroup declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of Citigroup 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 transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by company insiders.

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.