DCF Advisers LLC Has $3.17 Million Position in Citigroup Inc. (NYSE:C)

DCF Advisers LLC raised its holdings in Citigroup Inc. (NYSE:C - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Citigroup makes up about 1.5% of DCF Advisers LLC's investment portfolio, making the stock its 22nd largest position. DCF Advisers LLC's holdings in Citigroup were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Core Alternative Capital boosted its position in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $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 third quarter valued at $31,000. Creative Capital Management Investments LLC bought a new position in Citigroup in the fourth quarter valued at about $35,000. Webster Bank N. A. increased its position in Citigroup by 150.0% in 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. Finally, Sierra Ocean LLC bought a new stake in Citigroup during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, insider Sara Wechter sold 15,125 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. 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 the firm's stock in a transaction that occurred on 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 approximately $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 sold a total of 103,590 shares of company stock valued at $8,523,149 in the last quarter. 0.08% of the stock is currently owned by insiders.

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Citigroup Stock Up 0.5 %

Shares of Citigroup stock traded up $0.39 on Tuesday, hitting $74.43. The company had a trading volume of 10,917,979 shares, compared to its average volume of 13,304,832. The stock has a 50-day moving average of $77.48 and a 200-day moving average of $70.42. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The firm has a market capitalization of $140.26 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last released its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company's revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup declared that its Board of Directors has authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Citigroup Dividend Announcement

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. This represents a $2.24 annualized dividend and a yield of 3.01%. The ex-dividend date was Monday, February 3rd. Citigroup's payout ratio is 37.65%.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Evercore ISI raised their price target on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research report on Thursday, January 16th. Truist Financial began coverage on Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price objective for the company. Bank of America raised their target price on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $83.53.

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.