Edgar Lomax Co. VA Sells 12,375 Shares of Citigroup Inc. (NYSE:C)

Edgar Lomax Co. VA lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 647,390 shares of the company's stock after selling 12,375 shares during the period. Citigroup accounts for approximately 2.9% of Edgar Lomax Co. VA's portfolio, making the stock its 13th largest holding. Edgar Lomax Co. VA's holdings in Citigroup were worth $45,570,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in shares of Citigroup during the 4th quarter worth $1,935,599,000. FMR LLC boosted its stake in Citigroup by 29.7% in the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the last quarter. Franklin Resources Inc. boosted its stake in Citigroup by 18.5% in the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock worth $1,998,976,000 after buying an additional 4,680,713 shares during the last quarter. Swedbank AB increased its stake in shares of Citigroup by 90.2% during the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company's stock valued at $586,120,000 after acquiring an additional 3,947,912 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Citigroup in the fourth quarter worth approximately $198,231,000. 71.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on C. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. The Goldman Sachs Group dropped their target price on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Evercore ISI dropped their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.61.

Insider Buying and Selling

In other news, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sara Wechter sold 15,125 shares of Citigroup 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 transaction, the insider now directly owns 109,780 shares of the company's stock, valued at $8,893,277.80. This 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 worth $8,523,149 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Up 4.0 %

NYSE C traded up $2.56 during trading on Wednesday, reaching $67.11. 9,978,418 shares of the company's stock were exchanged, compared to its average volume of 14,405,245. The company's fifty day simple moving average is $70.40 and its 200-day simple moving average is $71.01. The firm has a market capitalization of $126.31 billion, a PE ratio of 11.28, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two 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.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Sell-side analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Monday, May 5th. Citigroup's payout ratio is 35.39%.

Citigroup announced that its board 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 purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

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.