Werba Rubin Papier Wealth Management Purchases Shares of 3,303 Citigroup Inc. (NYSE:C)

Werba Rubin Papier Wealth Management purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,303 shares of the company's stock, valued at approximately $232,000.

A number of other large investors have also added to or reduced their stakes in the stock. Core Alternative Capital grew its position in 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 during the last quarter. Legacy Investment Solutions LLC acquired a new position in Citigroup in the 3rd quarter worth about $31,000. Northwest Investment Counselors LLC bought a new position in Citigroup in the 3rd quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup during the fourth quarter worth $35,000. Finally, Webster Bank N. A. lifted its holdings in Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on C shares. Evercore ISI lifted their price objective on Citigroup from $69.00 to $79.00 and gave the stock an "in-line" rating in a research note on Thursday, January 16th. Oppenheimer dropped their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods raised their target price on Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Citigroup from $77.00 to $86.00 and gave the stock a "buy" rating in a research 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.93.

Citigroup Stock Down 2.1 %

Shares of C stock traded down $1.70 during trading hours on Friday, reaching $79.65. The company had a trading volume of 9,489,230 shares, compared to its average volume of 15,424,146. The business has a fifty day simple moving average of $76.63 and a 200-day simple moving average of $68.32. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a market cap of $150.63 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last posted its 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. 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 analyst estimates of $19.51 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business's revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

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

Citigroup declared that its board has approved a stock buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of the company's 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 sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. This represents a 11.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of Citigroup 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 owns 217,331 shares of the company's stock, valued at approximately $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. Insiders sold 103,590 shares of company stock worth $8,523,149 in the last quarter. 0.08% of the stock is currently owned by company insiders.

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.