1,763,664 Shares in Citigroup Inc. (NYSE:C) Bought by Castle Hook Partners LP

Castle Hook Partners LP bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,763,664 shares of the company's stock, valued at approximately $124,144,000. Citigroup accounts for about 1.5% of Castle Hook Partners LP's investment portfolio, making the stock its 14th largest position. Castle Hook Partners LP owned approximately 0.09% of Citigroup at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Oppenheimer lifted their target price on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Truist Financial dropped their price objective on 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 reduced their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and a consensus price target of $84.04.

Insider Activity

In other news, COO Anand Selvakesari sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now owns 229,180 shares of the company's stock, valued at $18,586,498. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $4,864,872.65. Following the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,007 shares of company stock worth $8,824,653. Insiders own 0.08% of the company's stock.

Citigroup Trading Down 0.3 %

C stock traded down $0.25 during trading on Friday, reaching $71.39. The company had a trading volume of 8,938,912 shares, compared to its average volume of 14,423,227. 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 52 week low of $53.51 and a 52 week high of $84.74. The company has a market cap of $134.37 billion, a P/E ratio of 12.00, a PEG ratio of 0.64 and a beta of 1.30. The business has a 50 day moving average of $67.56 and a 200 day moving average of $71.51.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 is Monday, May 5th. Citigroup's dividend payout ratio is 35.39%.

Citigroup declared that its board has authorized a stock repurchase plan 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 plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.