Johnson Financial Group Inc. Sells 8,309 Shares of Citigroup Inc. (NYSE:C)

Johnson Financial Group Inc. trimmed its position in Citigroup Inc. (NYSE:C - Free Report) by 88.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the company's stock after selling 8,309 shares during the quarter. Johnson Financial Group Inc.'s holdings in Citigroup were worth $79,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in C. Boothbay Fund Management LLC lifted its holdings in shares of Citigroup by 170.4% during the 4th quarter. Boothbay Fund Management LLC now owns 139,840 shares of the company's stock valued at $9,843,000 after buying an additional 88,126 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Citigroup in the fourth quarter worth approximately $36,444,000. Coldstream Capital Management Inc. increased its stake in shares of Citigroup by 24.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 26,488 shares of the company's stock worth $1,864,000 after purchasing an additional 5,256 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of Citigroup by 1.7% during the 4th quarter. Capital Analysts LLC now owns 226,428 shares of the company's stock valued at $15,938,000 after purchasing an additional 3,824 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Citigroup in the fourth quarter worth $23,141,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. The Goldman Sachs Group cut their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Evercore ISI cut their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. Finally, Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.04.

Citigroup Price Performance

NYSE:C traded up $0.62 during mid-day trading on Tuesday, hitting $68.90. The company's stock had a trading volume of 8,860,170 shares, compared to its average volume of 14,412,962. 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. The company has a market capitalization of $129.68 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.64 and a beta of 1.29. The stock has a fifty day moving average of $68.82 and a 200-day moving average of $71.15.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $21.60 billion for the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.25%. Citigroup's dividend payout ratio is 35.39%.

Citigroup announced that its board has approved a share repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Sara Wechter sold 15,125 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by 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.