63,200 Shares in Citigroup Inc. (NYSE:C) Acquired by Point72 Europe London LLP

Point72 Europe London LLP purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,200 shares of the company's stock, valued at approximately $4,449,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Core Alternative Capital increased its stake in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Webster Bank N. A. grew its stake in Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Creative Capital Management Investments LLC purchased a new position in Citigroup during the fourth quarter valued at approximately $35,000. Sierra Ocean LLC acquired a new position in Citigroup in the 4th quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Citigroup in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on C shares. Morgan Stanley dropped their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Evercore ISI lowered their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Oppenheimer lifted their price target on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Piper Sandler reissued an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Citigroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.04.

Citigroup Price Performance

NYSE:C opened at $75.22 on Thursday. 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 stock has a market cap of $141.58 billion, a P/E ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.30. The company has a fifty day moving average price of $67.79 and a 200 day moving average price of $71.72. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Monday, May 5th. Citigroup's payout ratio is 35.39%.

Citigroup declared that its board has initiated a share buyback plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the transaction, the director now owns 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction on Friday, February 14th. The stock was 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 directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock.

Citigroup 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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.