Citigroup Inc. (NYSE:C) Shares Purchased by Sanders Capital LLC

Sanders Capital LLC lifted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,237,923 shares of the company's stock after purchasing an additional 154,373 shares during the quarter. Citigroup accounts for approximately 1.3% of Sanders Capital LLC's investment portfolio, making the stock its 24th biggest holding. Sanders Capital LLC owned 0.65% of Citigroup worth $861,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Citigroup by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 40,587,155 shares of the company's stock valued at $2,853,484,000 after purchasing an additional 667,357 shares during the last quarter. FMR LLC increased its stake in Citigroup by 29.7% during the 4th quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company's stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares in the last quarter. Fisher Asset Management LLC grew its position in Citigroup by 3.6% in the 4th quarter. Fisher Asset Management LLC now owns 30,014,183 shares of the company's stock worth $2,112,698,000 after purchasing an additional 1,043,826 shares in the last quarter. Finally, Norges Bank bought a new stake in Citigroup in the fourth quarter worth about $1,935,599,000. 71.72% of the stock is currently owned by institutional investors.

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Citigroup Stock Up 1.7 %

C traded up $1.08 during trading on Tuesday, hitting $64.30. The stock had a trading volume of 24,704,991 shares, compared to its average volume of 14,421,343. The stock has a 50 day simple moving average of $72.22 and a two-hundred day simple moving average of $70.97. The company has a market capitalization of $121.02 billion, a PE ratio of 10.81, a PEG ratio of 0.64 and a beta of 1.29. 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.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup declared that its board has authorized a stock repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio is presently 37.65%.

Insider Buying and Selling at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the sale, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 sale, the chief operating officer now owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

C has been the subject of several recent research reports. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. The Goldman Sachs Group cut their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Evercore ISI reduced their price target on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Oppenheimer reduced their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, Truist Financial lowered their target price on shares of Citigroup from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and an average target price of $84.54.

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.