Johnson Financial Group Inc. Has $79,000 Stock Holdings in Citigroup Inc. (NYSE:C)

Johnson Financial Group Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,118 shares of the company's stock after selling 8,309 shares during the period. Johnson Financial Group Inc.'s holdings in Citigroup were worth $79,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Citigroup in the fourth quarter valued at about $1,935,599,000. Capital World Investors lifted its holdings in Citigroup by 455.2% during the 4th quarter. Capital World Investors now owns 31,352,582 shares of the company's stock worth $2,206,908,000 after buying an additional 25,705,141 shares in the last quarter. FMR LLC boosted its holdings in Citigroup by 29.7% in the fourth quarter. FMR LLC now owns 34,362,176 shares of the company's stock valued at $2,418,754,000 after purchasing an additional 7,863,718 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Citigroup by 18.5% in the 3rd quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock valued at $1,998,976,000 after acquiring an additional 4,680,713 shares during the period. Finally, Swedbank AB lifted its position in Citigroup by 90.2% in the fourth quarter. Swedbank AB now owns 8,326,745 shares of the company's stock valued at $586,120,000 after purchasing an additional 3,947,912 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

NYSE:C traded up $2.38 during mid-day trading on Friday, hitting $70.52. The company's stock had a trading volume of 7,217,266 shares, compared to its average volume of 14,386,853. The business's fifty day moving average is $68.39 and its two-hundred day moving average is $71.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $132.73 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $21.34 billion. Analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. Citigroup's dividend payout ratio is presently 35.39%.

Citigroup announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on C. Oppenheimer upped their price target on Citigroup from $91.00 to $94.00 and gave the stock an "outperform" rating in a research note on Monday. Piper Sandler reiterated an "overweight" rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Royal Bank of Canada lowered 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. Evercore ISI reduced their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Finally, Barclays upgraded shares of Citigroup from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $70.00 to $95.00 in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Insiders Place Their Bets

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were 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 directly owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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.

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.