Venturi Wealth Management LLC Acquires 9,772 Shares of Citigroup Inc. (NYSE:C)

Venturi Wealth Management LLC boosted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 477.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,820 shares of the company's stock after acquiring an additional 9,772 shares during the quarter. Venturi Wealth Management LLC's holdings in Citigroup were worth $832,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Truist Financial Corp grew its holdings in Citigroup by 3.0% during the 4th quarter. Truist Financial Corp now owns 322,026 shares of the company's stock worth $22,667,000 after acquiring an additional 9,254 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Citigroup by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 312,707 shares of the company's stock worth $22,011,000 after acquiring an additional 14,928 shares during the last quarter. NTV Asset Management LLC boosted its stake in shares of Citigroup by 2.5% in the 4th quarter. NTV Asset Management LLC now owns 6,092 shares of the company's stock valued at $429,000 after purchasing an additional 148 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Citigroup by 5.4% in the 4th quarter. Sanctuary Advisors LLC now owns 163,515 shares of the company's stock valued at $11,510,000 after purchasing an additional 8,389 shares during the last quarter. Finally, Americana Partners LLC boosted its stake in shares of Citigroup by 4.1% in the 4th quarter. Americana Partners LLC now owns 180,172 shares of the company's stock valued at $12,682,000 after purchasing an additional 7,018 shares during the last quarter. 71.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on C. The Goldman Sachs Group upped their price objective on shares of Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Evercore ISI increased their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, January 16th. Piper Sandler reiterated an "overweight" rating and issued a $83.00 target price (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Bank of America increased their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.93.

Insider Buying and Selling

In related 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 value of $2,433,000.00. Following the sale, the chief operating officer now owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the sale, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This trade represents a 12.11 % 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 valued at $8,523,149 over the last three months. 0.08% of the stock is owned by company insiders.

Citigroup Price Performance

C traded down $1.70 on Friday, reaching $79.65. The company had a trading volume of 14,902,958 shares, compared to its average volume of 15,626,512. The business has a 50 day simple moving average of $76.63 and a 200 day simple moving average of $68.32. The company has a market cap of $150.63 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 0.66 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74.

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 analysts' consensus estimates 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%. Citigroup's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. As a group, sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, February 3rd. Citigroup's payout ratio is 37.65%.

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

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.