Citigroup Inc. (NYSE:C) Shares Purchased by Summit Global Investments

Summit Global Investments grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 104.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,604 shares of the company's stock after purchasing an additional 31,964 shares during the quarter. Summit Global Investments' holdings in Citigroup were worth $4,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Core Alternative Capital lifted its position in shares of Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Citigroup during the 3rd quarter valued at about $31,000. Webster Bank N. A. grew its position in shares of Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup in the fourth quarter worth about $35,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Citigroup in the fourth quarter worth about $37,000. 71.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 value of $4,864,872.65. Following the completion of the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. 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.

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Citigroup Stock Up 0.0 %

Shares of C stock traded up $0.03 during mid-day trading on Tuesday, hitting $74.07. 3,889,050 shares of the stock traded hands, compared to its average volume of 15,971,869. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market cap of $139.58 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.64 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock's fifty day moving average is $77.48 and its two-hundred day moving average is $70.42.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating 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%. Citigroup's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its board has initiated a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's dividend payout ratio is presently 37.65%.

Analyst Upgrades and Downgrades

C has been the topic of several recent research reports. StockNews.com raised Citigroup from a "hold" rating to a "buy" rating in a report on Saturday. Oppenheimer lowered their price objective on shares of 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 restated an "overweight" rating and set a $83.00 target price (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. Finally, Barclays raised Citigroup from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.53.

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.