Sei Investments Co. Purchases 129,083 Shares of Citigroup Inc. (NYSE:C)

Sei Investments Co. lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,552,910 shares of the company's stock after buying an additional 129,083 shares during the period. Sei Investments Co. owned about 0.08% of Citigroup worth $109,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of C. Swedbank AB increased its holdings in shares of 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 buying an additional 54,782 shares in the last quarter. Advisors Asset Management Inc. raised its position in Citigroup by 0.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 61,872 shares of the company's stock valued at $3,873,000 after purchasing an additional 522 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in Citigroup by 23.7% in the third quarter. Citizens Financial Group Inc. RI now owns 14,549 shares of the company's stock worth $911,000 after purchasing an additional 2,790 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Citigroup during the third quarter worth $479,000. Finally, Integrated Investment Consultants LLC increased its stake in shares of Citigroup by 19.7% in the third quarter. Integrated Investment Consultants LLC now owns 6,254 shares of the company's stock valued at $392,000 after buying an additional 1,029 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

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Insider Transactions at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the sale, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock valued at $8,523,149 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on C shares. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. Evercore ISI increased their price objective on Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research report on Thursday, January 16th. Barclays upgraded Citigroup from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. StockNews.com raised Citigroup from a "hold" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Piper Sandler reissued an "overweight" rating and set a $83.00 price objective (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average price target of $83.53.

Citigroup Stock Down 1.8 %

Shares of C traded down $1.34 on Thursday, hitting $71.90. The company's stock had a trading volume of 13,154,783 shares, compared to its average volume of 13,276,310. 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 capitalization of $135.32 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.64 and a beta of 1.43. The firm's fifty day moving average price is $77.39 and its 200-day moving average price is $70.55. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its board has approved a share buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, February 3rd. Citigroup's payout ratio is 37.65%.

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.