Graham Capital Management L.P. Has $4.48 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Graham Capital Management L.P. decreased its holdings in Citigroup Inc. (NYSE:C - Free Report) by 79.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,593 shares of the company's stock after selling 239,898 shares during the quarter. Graham Capital Management L.P.'s holdings in Citigroup were worth $4,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Core Alternative Capital raised its position in shares of Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Webster Bank N. A. boosted its holdings in shares of 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 acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. Sierra Ocean LLC acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the fourth quarter worth $39,000. Institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

Citigroup stock traded up $0.93 during trading hours on Tuesday, reaching $75.84. 1,848,100 shares of the stock were exchanged, compared to its average volume of 14,391,828. The company has a market cap of $142.75 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. 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 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 $67.59 and a two-hundred day moving average of $71.66.

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

Citigroup declared that its board has initiated a share buyback plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 2.95%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 35.39%.

Insiders Place Their Bets

In other news, insider Sara Wechter sold 15,125 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the sale, the insider now directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. This represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,007 shares of company stock valued at $8,824,653 in the last ninety days. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer upped their price target on shares of Citigroup from $91.00 to $94.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Morgan Stanley dropped their price objective on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Bank of America dropped their price objective on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of Citigroup from $85.00 to $78.00 and set an "outperform" 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.04.

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.