Citigroup Inc. (NYSE:C) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC decreased its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,600 shares of the company's stock after selling 8,100 shares during the quarter. Citigroup comprises 2.1% of Skba Capital Management LLC's holdings, making the stock its 13th largest position. Skba Capital Management LLC's holdings in Citigroup were worth $13,276,000 as of its most recent filing with the SEC.

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

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Citigroup Stock Performance

NYSE C traded down $0.51 during trading hours on Tuesday, reaching $70.48. The company's stock had a trading volume of 10,926,347 shares, compared to its average volume of 13,831,126. The stock has a market cap of $132.66 billion, a PE ratio of 11.85, a PEG ratio of 0.64 and a beta of 1.43. The business has a 50-day simple moving average of $76.88 and a 200 day simple moving average of $70.91. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

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

Citigroup Dividend Announcement

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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.18%. Citigroup's dividend payout ratio (DPR) is presently 37.65%.

Citigroup announced that its board has authorized a share repurchase program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on C shares. 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 target for the company. The Goldman Sachs Group reduced their price target on Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America raised their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Citigroup has an average rating of "Moderate Buy" and a consensus target price of $84.29.

Insider Activity at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction dated 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 owns 109,780 shares of the company's stock, valued at $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their position. 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 in the last ninety days. 0.08% of the stock is owned by insiders.

About Citigroup

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.