Edmond DE Rothschild Holding S.A. Sells 129,013 Shares of Citigroup Inc. (NYSE:C)

Edmond DE Rothschild Holding S.A. decreased its position in Citigroup Inc. (NYSE:C - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,389 shares of the company's stock after selling 129,013 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Citigroup were worth $34,307,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Citigroup by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company's stock worth $2,492,238,000 after purchasing an additional 791,758 shares during the period. Franklin Resources Inc. increased its position in Citigroup by 18.5% in the third 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 period. Fisher Asset Management LLC increased its position in Citigroup by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 30,014,183 shares of the company's stock worth $2,112,698,000 after buying an additional 1,043,826 shares during the period. Norges Bank bought a new stake in Citigroup in the fourth quarter valued at $1,935,599,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Citigroup by 9.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 15,676,463 shares of the company's stock valued at $981,347,000 after acquiring an additional 1,404,120 shares during the period. 71.72% of the stock is currently owned by institutional investors.

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Citigroup Price Performance

Shares of NYSE:C traded down $7.05 on Thursday, reaching $64.71. 20,895,580 shares of the company traded hands, compared to its average volume of 13,836,507. The stock has a market capitalization of $121.79 billion, a PE ratio of 10.88, a P/E/G ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company's 50 day moving average is $76.46 and its 200-day moving average is $71.01. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Citigroup's revenue was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

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 issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's payout ratio is 37.65%.

Citigroup announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

C has been the topic of a number of analyst reports. Bank of America dropped their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday. Oppenheimer dropped their price target on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Truist Financial started coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Citigroup currently has a consensus rating of "Moderate Buy" and an average target price of $83.30.

Insider Transactions at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. The trade was a 12.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the sale, 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 have sold a total of 103,590 shares of company stock valued at $8,523,149 over the last ninety days. Corporate insiders own 0.08% of the company's stock.

About Citigroup

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.