L & S Advisors Inc Invests $6.31 Million in Citigroup Inc. (NYSE:C)

L & S Advisors Inc acquired a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 89,666 shares of the company's stock, valued at approximately $6,312,000.

Other institutional investors have also recently modified their holdings of the company. Core Alternative Capital lifted its holdings in shares of Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares during the period. Legacy Investment Solutions LLC bought a new stake in Citigroup during the third quarter worth $31,000. Webster Bank N. A. lifted its stake in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Citigroup in the 4th quarter valued at $37,000. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock valued at $8,523,149 over the last 90 days. Company insiders own 0.08% of the company's stock.

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Citigroup Trading Down 0.7 %

Shares of NYSE C traded down $0.51 during midday trading on Tuesday, reaching $70.48. The stock had a trading volume of 10,926,347 shares, compared to its average volume of 13,831,126. The company's 50 day moving average price is $76.88 and its 200 day moving average price is $70.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The firm has a market cap of $132.66 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

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

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. Citigroup's payout ratio is 37.65%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on C shares. Morgan Stanley dropped their price objective on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Truist Financial assumed coverage on shares of Citigroup in a report on Tuesday, January 7th. They issued a "buy" rating and a $85.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Barclays upgraded 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 report on Monday, January 6th. Finally, Bank of America raised their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Four 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.29.

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.