Citigroup Inc. (NYSE:C) Stock Holdings Lowered by RWA Wealth Partners LLC

RWA Wealth Partners LLC lowered its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 279,174 shares of the company's stock after selling 22,192 shares during the period. RWA Wealth Partners LLC's holdings in Citigroup were worth $19,651,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Core Alternative Capital boosted its position in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in Citigroup in the third quarter valued at approximately $31,000. Creative Capital Management Investments LLC purchased a new position in Citigroup in the fourth quarter valued at approximately $35,000. Webster Bank N. A. grew 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 buying an additional 300 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of Citigroup in the fourth quarter worth $37,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In other news, CFO Mark Mason sold 58,465 shares of the 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 directly owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sara Wechter sold 15,125 shares of the business'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 value of $1,225,276.25. Following the sale, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock valued at $8,523,149 in the last quarter. Corporate insiders own 0.08% of the company's stock.

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Analyst Upgrades and Downgrades

C has been the subject of a number of recent research reports. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Oppenheimer decreased their price objective on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $84.29.

Citigroup Stock Performance

NYSE C traded down $0.51 during trading hours on Tuesday, hitting $70.48. The company had a trading volume of 10,926,347 shares, compared to its average volume of 13,831,128. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $132.66 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The business has a fifty day simple moving average of $76.88 and a 200-day simple moving average of $70.91.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share 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 firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the firm posted $0.84 EPS. Citigroup's quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is 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 $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's dividend payout ratio is currently 37.65%.

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.