Integrated Wealth Concepts LLC Grows Stock Holdings in Citigroup Inc. (NYSE:C)

Integrated Wealth Concepts LLC boosted its stake in Citigroup Inc. (NYSE:C - Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 115,447 shares of the company's stock after acquiring an additional 5,333 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Citigroup were worth $8,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital increased its position in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in Citigroup during the fourth quarter worth about $35,000. Webster Bank N. A. increased its holdings in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Sierra Ocean LLC purchased a new position in Citigroup during the fourth quarter worth approximately $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Citigroup during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Transactions at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the sale, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total value of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares in the company, valued at $18,586,498. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is currently owned by insiders.

Citigroup Stock Down 0.3 %

Shares of C stock traded down $0.18 during trading hours on Monday, reaching $68.25. 12,670,268 shares of the stock were exchanged, compared to its average volume of 14,416,168. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The business's fifty day moving average is $69.38 and its two-hundred day moving average is $71.15. 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 firm has a market capitalization of $128.46 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.64 and a beta of 1.29.

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

Citigroup announced that its Board of Directors has authorized a share buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. Citigroup's payout ratio is currently 35.39%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on C. Royal Bank of Canada lowered their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Bank of America dropped their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Morgan Stanley cut their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average target price of $84.04.

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.