Jump Financial LLC Has $462,000 Holdings in Citigroup Inc. (NYSE:C)

Jump Financial LLC lessened its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 97.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,567 shares of the company's stock after selling 274,835 shares during the quarter. Jump Financial LLC's holdings in Citigroup were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Advisory Resource Group increased its holdings in shares of Citigroup by 3.7% during the third quarter. Advisory Resource Group now owns 72,947 shares of the company's stock worth $4,566,000 after buying an additional 2,590 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its holdings in Citigroup by 6.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company's stock valued at $12,617,000 after purchasing an additional 12,810 shares in the last quarter. Anchor Investment Management LLC raised its position in Citigroup by 24.4% in the 3rd quarter. Anchor Investment Management LLC now owns 2,557 shares of the company's stock valued at $160,000 after purchasing an additional 501 shares during the last quarter. World Investment Advisors LLC boosted its stake in Citigroup by 36.6% in the third quarter. World Investment Advisors LLC now owns 21,527 shares of the company's stock worth $1,348,000 after purchasing an additional 5,763 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of Citigroup by 432.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company's stock worth $2,391,000 after purchasing an additional 31,020 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup Stock Up 0.5 %

C traded up $0.31 during trading on Friday, hitting $68.47. The company had a trading volume of 12,248,567 shares, compared to its average volume of 14,430,955. The firm's 50-day moving average price is $69.38 and its 200 day moving average price is $71.05. The company has a market capitalization of $128.88 billion, a PE ratio of 11.51, a PEG ratio of 0.64 and a beta of 1.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

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

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.27%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup declared that its board has approved a share repurchase 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 typically a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

C has been the topic of several research reports. Truist Financial reduced their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Oppenheimer dropped their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Piper Sandler reissued an "overweight" rating and set a $77.00 price target (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Royal Bank of Canada reduced their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $84.61.

Insider Transactions at Citigroup

In related news, 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 sale, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 have sold a total of 103,590 shares of company stock valued at $8,523,149 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.