Citigroup Inc. (NYSE:C) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its position in Citigroup Inc. (NYSE:C - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 907,166 shares of the company's stock after selling 154,001 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Citigroup were worth $63,855,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Benjamin Edwards Inc. grew its holdings in Citigroup by 1,188.9% during the third quarter. Benjamin Edwards Inc. now owns 11,561 shares of the company's stock worth $724,000 after acquiring an additional 10,664 shares during the period. Holocene Advisors LP purchased a new stake in Citigroup in the 3rd quarter worth approximately $1,270,000. HighTower Advisors LLC grew its stake in shares of Citigroup by 2.4% during the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company's stock worth $22,236,000 after purchasing an additional 8,301 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Citigroup by 280.2% during the 3rd quarter. Janus Henderson Group PLC now owns 952,909 shares of the company's stock valued at $59,655,000 after purchasing an additional 702,300 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Citigroup by 41.9% during the 3rd quarter. IHT Wealth Management LLC now owns 17,905 shares of the company's stock valued at $1,116,000 after purchasing an additional 5,285 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In other news, COO Anand Selvakesari sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their position. 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 ninety days. 0.08% of the stock is owned by insiders.

Remove Ads

Analyst Ratings Changes

C has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Citigroup from $85.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, April 4th. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Evercore ISI reduced their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Morgan Stanley dropped their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Bank of America reduced their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $84.54.

Citigroup Price Performance

C traded down $1.97 on Wednesday, reaching $56.80. 11,983,424 shares of the company's stock were exchanged, compared to its average volume of 14,212,419. The stock has a market cap of $106.90 billion, a PE ratio of 9.54, a P/E/G ratio of 0.64 and a beta of 1.29. The stock's fifty day moving average price is $74.30 and its 200-day moving average price is $70.97. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. 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 (NYSE:C - Get Free Report) last posted its quarterly 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. 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 business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its board has approved a share repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently announced 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. This represents a $2.24 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

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.