Ameriprise Financial Inc. Sells 127,114 Shares of Citigroup Inc. (NYSE:C)

Ameriprise Financial Inc. decreased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,660,588 shares of the company's stock after selling 127,114 shares during the period. Ameriprise Financial Inc. owned about 0.83% of Citigroup worth $1,103,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC lifted its holdings in shares of Citigroup by 36.6% during the third quarter. World Investment Advisors LLC now owns 21,527 shares of the company's stock worth $1,348,000 after purchasing an additional 5,763 shares during the period. Franklin Resources Inc. boosted its stake in shares of Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock valued at $1,998,976,000 after acquiring an additional 4,680,713 shares during the last quarter. Principal Financial Group Inc. grew its stake in Citigroup by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 3,728,261 shares of the company's stock worth $233,389,000 after acquiring an additional 383,534 shares during the period. Versant Capital Management Inc increased its stake in shares of Citigroup by 64.7% during the 4th quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $165,000 after acquiring an additional 920 shares during the last quarter. 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 buying an additional 1,731,527 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.83 on Wednesday, reaching $70.30. 11,619,147 shares of the stock were exchanged, compared to its average volume of 14,402,420. 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 one year low of $53.51 and a one year high of $84.74. The firm has a market cap of $132.32 billion, a PE ratio of 11.82, a P/E/G ratio of 0.64 and a beta of 1.30. The firm's 50 day moving average is $67.87 and its 200-day moving average is $71.34.

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

Citigroup declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be paid a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. Citigroup's payout ratio is presently 35.39%.

Insider Buying and Selling at Citigroup

In other news, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,007 shares of company stock worth $8,824,653 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

C has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Truist Financial dropped their price target on Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Bank of America dropped their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.04.

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.