World Investment Advisors Has $1.88 Million Stock Position in Citigroup Inc. (NYSE:C)

World Investment Advisors lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,706 shares of the company's stock after acquiring an additional 5,179 shares during the quarter. World Investment Advisors' holdings in Citigroup were worth $1,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Citigroup in the 4th quarter valued at about $1,935,599,000. Franklin Resources Inc. raised its stake in Citigroup by 18.5% in the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock valued at $1,998,976,000 after buying an additional 4,680,713 shares during the period. Swedbank AB boosted its stake in shares of Citigroup by 90.2% during the 4th quarter. Swedbank AB now owns 8,326,745 shares of the company's stock worth $586,120,000 after acquiring an additional 3,947,912 shares during the period. Raymond James Financial Inc. bought a new position in shares of Citigroup during the 4th quarter worth approximately $198,231,000. Finally, Nordea Investment Management AB increased its holdings in shares of Citigroup by 32.2% during the 4th quarter. Nordea Investment Management AB now owns 7,115,440 shares of the company's stock worth $501,994,000 after acquiring an additional 1,731,527 shares during the last quarter. Institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on C shares. Evercore ISI reduced their price objective on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $70.00 to $95.00 in a report on Monday, January 6th. Oppenheimer reduced their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Truist Financial lowered their target price on Citigroup from $85.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.23.

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Insider Buying and Selling at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of the firm'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 value of $2,433,000.00. Following the completion of the transaction, the chief operating officer now owns 229,180 shares in the company, valued at $18,586,498. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,225,276.25. Following the sale, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock worth $8,523,149 over the last quarter. Corporate insiders own 0.08% of the company's stock.

Citigroup Price Performance

C traded up $2.07 on Tuesday, hitting $60.92. 10,347,970 shares of the stock were exchanged, compared to its average volume of 16,904,125. 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 Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The firm has a market capitalization of $114.66 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 0.64 and a beta of 1.29. The business has a 50-day moving average of $75.17 and a two-hundred day moving average of $71.08.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. Sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.68%. The ex-dividend date is Monday, May 5th. Citigroup's payout ratio is 37.65%.

Citigroup announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.