Citigroup Inc. (NYSE:C) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,599 shares of the company's stock after buying an additional 28,061 shares during the quarter. Aptus Capital Advisors LLC's holdings in Citigroup were worth $13,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Blake Schutter Theil Wealth Advisors LLC raised its holdings in Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after purchasing an additional 135 shares in the last quarter. Hemington Wealth Management grew its position in shares of Citigroup by 10.9% in the 4th quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after buying an additional 136 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Citigroup by 3.4% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock worth $289,000 after acquiring an additional 137 shares in the last quarter. Rakuten Securities Inc. lifted its position in Citigroup by 2.4% in the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after acquiring an additional 139 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Citigroup by 1.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock valued at $592,000 after acquiring an additional 140 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

C has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Evercore ISI decreased their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Oppenheimer lifted their target price on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, The Goldman Sachs Group lowered their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. 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 data from MarketBeat.com, Citigroup has a consensus rating of "Moderate Buy" and a consensus target price of $84.04.

Insiders Place Their Bets

In other news, CFO Mark Mason sold 58,465 shares of the company'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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,007 shares of company stock worth $8,824,653. 0.08% of the stock is owned by corporate insiders.

Citigroup Price Performance

Shares of NYSE C traded down $0.66 during trading on Tuesday, hitting $69.58. 7,734,001 shares of the company were exchanged, compared to its average volume of 14,396,722. 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 1 year low of $53.51 and a 1 year high of $84.74. The company has a market cap of $130.96 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.64 and a beta of 1.30. The firm's fifty day moving average price is $68.06 and its 200 day moving average price is $71.35.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $21.34 billion. On average, sell-side analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.22%. Citigroup's dividend payout ratio is presently 35.39%.

Citigroup announced that its board has initiated a stock buyback program on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.