Brown Advisory Inc. Purchases 13,661 Shares of Citigroup Inc. (NYSE:C)

Brown Advisory Inc. increased its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,304 shares of the company's stock after acquiring an additional 13,661 shares during the period. Brown Advisory Inc.'s holdings in Citigroup were worth $27,614,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on C shares. Truist Financial reduced their price objective on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley cut their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. The Goldman Sachs Group lowered their price target on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Bank of America reduced their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Evercore ISI lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.04.

Insider Buying and Selling at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the sale, the insider now owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.10, for a total value of $2,433,000.00. Following the transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,007 shares of company stock worth $8,824,653. Insiders own 0.08% of the company's stock.

Citigroup Price Performance

NYSE C traded down $0.25 on Friday, hitting $71.39. 8,938,912 shares of the company were exchanged, compared to its average volume of 14,403,727. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a market cap of $134.37 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a 50 day moving average of $67.57 and a two-hundred day moving average of $71.40.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 business had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. On average, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

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

About Citigroup

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.