Capital Analysts LLC Has $15.94 Million Stake in Citigroup Inc. (NYSE:C)

Capital Analysts LLC raised its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,428 shares of the company's stock after purchasing an additional 3,824 shares during the period. Citigroup accounts for about 0.6% of Capital Analysts LLC's investment portfolio, making the stock its 29th largest position. Capital Analysts LLC's holdings in Citigroup were worth $15,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Citigroup by 3.4% during the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after acquiring an additional 11,674 shares during the period. Brookstone Capital Management raised its stake in shares of Citigroup by 340.6% in the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock valued at $2,536,000 after buying an additional 27,856 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake in Citigroup by 34.8% during the third quarter. Inspire Trust Co. N.A. now owns 77,506 shares of the company's stock worth $4,852,000 after purchasing an additional 20,000 shares during the period. Invesco Ltd. lifted its position in shares of 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 during the period. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Citigroup by 168.7% during 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 during the period. Institutional investors own 71.72% of the company's stock.

Citigroup Trading Down 1.8 %

Shares of C stock traded down $1.21 on Wednesday, reaching $67.67. The company had a trading volume of 6,394,434 shares, compared to its average volume of 14,382,282. The company has a 50-day moving average of $68.82 and a 200-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. The stock has a market cap of $127.37 billion, a PE ratio of 11.37, a PEG ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74.

Citigroup (NYSE:C - Get Free Report) last posted 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. The firm had revenue of $21.60 billion for 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%. On average, equities analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.31%. Citigroup's dividend payout ratio (DPR) is currently 35.39%.

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

Analyst Ratings Changes

Several analysts have weighed in on C shares. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday, April 16th. StockNews.com lowered Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Royal Bank of Canada reduced their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley decreased their target price on Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Truist Financial reduced their price target on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.04.

Insider Buying and Selling

In other news, insider Sara Wechter sold 15,125 shares of the company'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 transaction of $1,225,276.25. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was 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 directly owns 229,180 shares in the company, valued at $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,590 shares of company stock valued at $8,523,149. Company insiders own 0.08% of the company's stock.

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.