Vanguard Group Inc. Has $11.72 Billion Stake in Citigroup Inc. (NYSE:C)

Vanguard Group Inc. reduced its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,473,946 shares of the company's stock after selling 1,129,222 shares during the period. Vanguard Group Inc. owned about 8.80% of Citigroup worth $11,718,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Core Alternative Capital lifted its position in Citigroup by 83.4% during the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after buying an additional 171 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Citigroup during the third quarter worth approximately $31,000. Webster Bank N. A. lifted 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 worth $35,000 after purchasing an additional 300 shares in the last quarter. Creative Capital Management Investments LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $37,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock worth $8,523,149. Corporate insiders own 0.08% of the company's stock.

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Citigroup Trading Up 0.5 %

Shares of Citigroup stock traded up $0.39 during trading hours on Tuesday, hitting $74.43. The company's stock had a trading volume of 10,889,279 shares, compared to its average volume of 13,304,832. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. 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 company has a market capitalization of $140.26 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The stock has a 50 day moving average of $77.48 and a 200 day moving average of $70.42.

Citigroup (NYSE:C - Get Free Report) last announced its 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 net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period last year, the company posted $0.84 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. Analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current year.

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

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup's payout ratio is presently 37.65%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on C. StockNews.com upgraded Citigroup from a "hold" rating to a "buy" rating in a research report on Saturday. 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. Evercore ISI raised their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, Barclays raised shares of 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 analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company 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.