Stevens Capital Management LP Has $593,000 Stock Position in Citigroup Inc. (NYSE:C)

Stevens Capital Management LP cut its position in Citigroup Inc. (NYSE:C - Free Report) by 61.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,421 shares of the company's stock after selling 13,688 shares during the quarter. Stevens Capital Management LP's holdings in Citigroup were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Blake Schutter Theil Wealth Advisors LLC increased its position in 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 acquiring an additional 135 shares during the period. Hemington Wealth Management increased its holdings in shares of 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 purchasing an additional 136 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Citigroup by 3.4% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after buying an additional 137 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of 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 buying an additional 139 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in Citigroup by 1.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock worth $592,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

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Citigroup Price Performance

C stock traded up $0.39 during midday trading on Tuesday, reaching $74.43. 10,917,979 shares of the company's stock traded hands, compared to its average volume of 13,309,911. 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 company has a market cap of $140.26 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.64 and a beta of 1.43. The company has a 50-day simple moving average of $77.50 and a two-hundred day simple moving average of $70.53. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $19.58 billion for 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 quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a dividend of $0.56 per share. 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 3.01%. Citigroup's payout ratio is currently 37.65%.

Insider Activity

In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the completion of the sale, the chief operating officer now owns 229,180 shares of the company's stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction 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 approximately $18,084,112.51. This trade represents a 21.20 % 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 over the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on C shares. Bank of America raised their price objective on Citigroup from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Oppenheimer reduced their target price on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Piper Sandler reissued an "overweight" rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $83.53.

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.