349,423 Shares in Citigroup Inc. (NYSE:C) Acquired by Vestor Capital LLC

Vestor Capital LLC acquired a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 349,423 shares of the company's stock, valued at approximately $24,596,000. Citigroup makes up about 1.9% of Vestor Capital LLC's holdings, making the stock its 12th biggest position.

Several other institutional investors have also made changes to their positions in C. Swedbank AB grew its holdings in shares of Citigroup by 1.3% during the third quarter. Swedbank AB now owns 4,378,833 shares of the company's stock valued at $274,115,000 after buying an additional 54,782 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Citigroup by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 145,663 shares of the company's stock valued at $9,118,000 after purchasing an additional 3,482 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Citigroup by 2.8% in the 3rd quarter. Pathstone Holdings LLC now owns 149,742 shares of the company's stock valued at $9,374,000 after purchasing an additional 4,051 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Citigroup by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 373,148 shares of the company's stock worth $23,359,000 after purchasing an additional 5,303 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Citigroup by 0.9% during the third quarter. Advisors Asset Management Inc. now owns 61,872 shares of the company's stock worth $3,873,000 after buying an additional 522 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

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Citigroup Price Performance

Shares of NYSE:C traded up $0.14 during midday trading on Tuesday, reaching $74.18. 4,191,539 shares of the company's stock were exchanged, compared to its average volume of 13,304,832. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The company's 50 day simple moving average is $77.48 and its two-hundred day simple moving average is $70.42. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The firm has a market capitalization of $139.78 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $19.51 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Monday, February 3rd. Citigroup's dividend payout ratio (DPR) 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 shares. This repurchase authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

C has been the subject of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Oppenheimer decreased 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. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Citigroup has an average rating of "Moderate Buy" and an average target price of $83.53.

Insiders Place Their Bets

In other news, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares of the company's stock, valued at $8,893,277.80. The trade was a 12.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.