Boothbay Fund Management LLC Buys 88,126 Shares of Citigroup Inc. (NYSE:C)

Boothbay Fund Management LLC raised its position in Citigroup Inc. (NYSE:C - Free Report) by 170.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,840 shares of the company's stock after purchasing an additional 88,126 shares during the period. Boothbay Fund Management LLC's holdings in Citigroup were worth $9,843,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Truist Financial decreased their price objective on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Oppenheimer upped their price target on Citigroup from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Citigroup Stock Performance

C traded down $1.21 during trading on Wednesday, hitting $67.67. 6,394,434 shares of the company traded hands, compared to its average volume of 14,382,341. The firm has a market cap of $127.37 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock's fifty day moving average is $68.82 and its 200 day moving average is $71.15.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $21.34 billion. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.31%. Citigroup's dividend payout ratio is presently 35.39%.

Citigroup declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the firm'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 transaction, the chief financial officer now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction on Thursday, February 13th. The shares were 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by company insiders.

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.