Citigroup Inc. (NYSE:C) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 160.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,705 shares of the company's stock after buying an additional 18,907 shares during the quarter. Global Retirement Partners LLC's holdings in Citigroup were worth $2,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB bought a new position in shares of Citigroup in the third quarter worth about $4,607,000. Swedbank AB increased its position in shares of Citigroup by 1.3% during the third quarter. Swedbank AB now owns 4,378,833 shares of the company's stock worth $274,115,000 after acquiring an additional 54,782 shares during the period. Eastern Bank bought a new stake in shares of Citigroup during the third quarter valued at approximately $87,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Citigroup by 22.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 16,473 shares of the company's stock valued at $1,032,000 after purchasing an additional 3,072 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Citigroup by 0.9% in the third quarter. Greenleaf Trust now owns 21,921 shares of the company's stock valued at $1,372,000 after purchasing an additional 205 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Activity

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sara Wechter sold 15,125 shares of the company's 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 completion of the transaction, the insider now owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock valued at $8,523,149 in the last ninety days. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Citigroup from $77.00 to $86.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Oppenheimer cut their target price on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company upped their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Evercore ISI boosted their price objective on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.93.

Citigroup Stock Down 2.1 %

Citigroup stock traded down $1.70 during midday trading on Friday, reaching $79.65. The company's stock had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market capitalization of $150.63 billion, a P/E ratio of 13.39, a PEG ratio of 0.66 and a beta of 1.44. 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 stock's 50-day simple moving average is $76.63 and its 200-day simple moving average is $68.32.

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, topping the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion for 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%. Citigroup's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup's payout ratio is 37.65%.

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.