Citigroup Inc. (NYSE:C) Shares Acquired by Alden Global Capital LLC

Alden Global Capital LLC lifted its stake in Citigroup Inc. (NYSE:C - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,730 shares of the company's stock after acquiring an additional 28,540 shares during the quarter. Citigroup accounts for 4.9% of Alden Global Capital LLC's investment portfolio, making the stock its 8th largest position. Alden Global Capital LLC's holdings in Citigroup were worth $4,979,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares during the period. Brookstone Capital Management increased its stake in Citigroup by 340.6% during the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock worth $2,536,000 after buying an additional 27,856 shares during the period. Invesco Ltd. lifted its holdings in Citigroup by 13.8% during the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after buying an additional 1,970,300 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Citigroup by 168.7% in the fourth quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock valued at $1,376,000 after acquiring an additional 12,280 shares in the last quarter. Finally, Candriam S.C.A. boosted its holdings in Citigroup by 12.7% in the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock valued at $14,139,000 after purchasing an additional 22,657 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on C. JPMorgan Chase & Co. decreased their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Royal Bank of Canada lowered their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. StockNews.com cut shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Oppenheimer increased their target price on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday. Finally, Evercore ISI dropped their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.04.

Insider Buying and Selling at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the firm's stock in a transaction dated 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 owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now 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. Insiders sold a total of 103,590 shares of company stock valued at $8,523,149 in the last ninety days. Insiders own 0.08% of the company's stock.

Citigroup Price Performance

Shares of NYSE C opened at $68.16 on Friday. The stock has a market cap of $128.29 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The stock has a 50 day moving average of $68.39 and a two-hundred day moving average of $71.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

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, topping analysts' consensus estimates of $1.84 by $0.12. The firm had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. On average, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.29%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup announced that its board has approved a share repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board 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.

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.