New York State Common Retirement Fund Sells 164,283 Shares of Citigroup Inc. (NYSE:C)

New York State Common Retirement Fund lowered its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,534,550 shares of the company's stock after selling 164,283 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of Citigroup worth $248,797,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in C. AMF Tjanstepension AB acquired a new stake in Citigroup during the third quarter worth approximately $4,607,000. Swedbank AB grew its stake in 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 purchasing an additional 54,782 shares during the period. Vest Financial LLC acquired a new stake in Citigroup during the third quarter worth approximately $489,000. Northwest Investment Counselors LLC acquired a new stake in Citigroup in the third quarter valued at approximately $28,000. Finally, Integrity Financial Corp WA grew its stake in Citigroup by 58.8% in the third quarter. Integrity Financial Corp WA now owns 8,105 shares of the company's stock valued at $507,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Activity

In other 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 value of $1,225,276.25. Following the completion of the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 229,180 shares of the company's stock, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Performance

Citigroup stock traded down $1.70 during mid-day trading on Friday, reaching $79.65. 14,902,958 shares of the company's stock were exchanged, compared to its average volume of 15,626,512. The business's fifty day simple moving average is $76.63 and its 200 day simple moving average is $68.32. The firm has a market capitalization of $150.63 billion, a PE ratio of 13.39, a P/E/G ratio of 0.66 and a beta of 1.44. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. 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 (NYSE:C - Get Free Report) last issued 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. The firm had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business's revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup announced that its board has authorized a share repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

Analyst Ratings Changes

A number of equities research analysts have commented on C shares. Wells Fargo & Company raised their price objective on Citigroup from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Finally, Truist Financial started coverage on Citigroup in a research note on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price objective for the company. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citigroup currently has an average rating of "Moderate Buy" and a consensus target price of $83.93.

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.