O Shaughnessy Asset Management LLC Boosts Holdings in Citigroup Inc. (NYSE:C)

O Shaughnessy Asset Management LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,692 shares of the company's stock after buying an additional 56,432 shares during the period. O Shaughnessy Asset Management LLC's holdings in Citigroup were worth $28,557,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blake Schutter Theil Wealth Advisors LLC lifted its position in shares of Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock valued at $608,000 after acquiring an additional 135 shares during the period. Hemington Wealth Management increased its stake in Citigroup by 10.9% in the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after purchasing an additional 136 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after purchasing an additional 137 shares during the period. Rakuten Securities Inc. boosted its position in shares of Citigroup by 2.4% during the 4th quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock worth $419,000 after purchasing an additional 139 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Citigroup by 1.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock valued at $592,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

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Insider Activity at Citigroup

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the firm'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 owns 109,780 shares in the company, valued at $8,893,277.80. This trade represents a 12.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction 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 $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,590 shares of company stock worth $8,523,149. Company insiders own 0.08% of the company's stock.

Citigroup Stock Performance

Shares of NYSE C traded down $7.25 during mid-day trading on Thursday, reaching $64.51. 23,991,072 shares of the company's stock were exchanged, compared to its average volume of 13,847,426. The firm has a 50-day moving average price of $76.46 and a two-hundred day moving average price of $71.01. 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 $121.42 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74.

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

Citigroup announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is currently 37.65%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on C shares. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday. Truist Financial started coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup presently has an average rating of "Moderate Buy" and an average price target of $83.30.

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.