Sierra Summit Advisors LLC grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4,319.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 167,534 shares of the company's stock after buying an additional 163,743 shares during the period. Citigroup accounts for about 2.4% of Sierra Summit Advisors LLC's holdings, making the stock its 14th biggest holding. Sierra Summit Advisors LLC's holdings in Citigroup were worth $11,793,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Citigroup in the 4th quarter valued at approximately $1,935,599,000. FMR LLC boosted its position in shares of Citigroup by 29.7% during the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock worth $2,418,754,000 after buying an additional 7,863,718 shares during the period. Franklin Resources Inc. grew its stake in shares of Citigroup by 18.5% in the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock valued at $1,998,976,000 after buying an additional 4,680,713 shares in the last quarter. Swedbank AB raised its holdings in shares of Citigroup by 90.2% in the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company's stock valued at $586,120,000 after buying an additional 3,947,912 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Citigroup during the 4th quarter valued at about $198,231,000. 71.72% of the stock is owned by hedge funds and other institutional investors.
Citigroup Stock Performance
C stock traded down $3.18 during trading on Thursday, hitting $60.98. The company had a trading volume of 13,121,641 shares, compared to its average volume of 14,372,263. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a 50-day moving average price of $73.60 and a 200-day moving average price of $70.93. 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 $114.76 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29.
Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current year.
Citigroup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 37.65%.
Citigroup declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Evercore ISI reduced their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their price target 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average price target of $84.54.
Check Out Our Latest Stock Report on Citigroup
Insider Transactions at Citigroup
In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction on 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 in the company, valued at approximately $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. This trade represents 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 worth $8,523,149 over the last ninety days. 0.08% of the stock is currently owned by company insiders.
Citigroup Profile
(
Free Report)
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.
Featured Stories
Before you consider Citigroup, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Citigroup wasn't on the list.
While Citigroup currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
