Captrust Financial Advisors Purchases 66,848 Shares of Citigroup Inc. (NYSE:C)

Captrust Financial Advisors lifted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,002,019 shares of the company's stock after acquiring an additional 66,848 shares during the quarter. Captrust Financial Advisors owned approximately 0.05% of Citigroup worth $70,532,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Core Alternative Capital boosted its position in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after purchasing an additional 171 shares during the last quarter. Webster Bank N. A. lifted its stake in Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after buying an additional 300 shares during the period. Creative Capital Management Investments LLC bought a new position in Citigroup during the fourth quarter worth about $35,000. Sierra Ocean LLC acquired a new position in shares of Citigroup during the 4th quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on C. Oppenheimer boosted their price objective on shares of Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Piper Sandler restated an "overweight" rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Evercore ISI reduced their target price on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a report on Tuesday, April 1st. Bank of America decreased their target price on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.04.

Insider Activity

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Mason sold 58,465 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction 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 $18,084,112.51. This trade represents a 21.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,007 shares of company stock valued at $8,824,653 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Citigroup Stock Performance

Shares of C traded up $0.83 during midday trading on Wednesday, reaching $70.30. The stock had a trading volume of 11,619,147 shares, compared to its average volume of 14,402,420. The firm has a market cap of $132.32 billion, a PE ratio of 11.82, a P/E/G ratio of 0.64 and a beta of 1.30. The firm has a 50 day simple moving average of $67.68 and a 200-day simple moving average of $71.33. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. 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 posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $21.60 billion during the quarter, compared to analysts' expectations 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 anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.19%. Citigroup's dividend payout ratio (DPR) is 35.39%.

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