Ellevest Inc. Buys Shares of 3,877 Citigroup Inc. (NYSE:C)

Ellevest Inc. purchased a new stake in Citigroup Inc. (NYSE:C - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,877 shares of the company's stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Core Alternative Capital lifted its stake in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Webster Bank N. A. lifted its stake in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup during the fourth quarter valued at approximately $35,000. Sierra Ocean LLC acquired a new stake in Citigroup during the fourth quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Citigroup during the fourth quarter valued at approximately $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

C has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Bank of America dropped their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.04.

Citigroup Price Performance

Shares of NYSE:C traded down $0.35 during midday trading on Wednesday, reaching $75.22. 11,366,072 shares of the company's stock were exchanged, compared to its average volume of 14,476,062. The company's 50 day simple moving average is $67.70 and its two-hundred day simple moving average is $71.69. The firm has a market capitalization of $141.58 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results 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 business 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%. Equities research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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 dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is 35.39%.

Citigroup declared that its board has approved 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Citigroup

In other Citigroup 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 transaction, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $2,433,000.00. Following the completion of the transaction, the chief operating officer now owns 229,180 shares in the company, valued at approximately $18,586,498. This represents a 11.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,007 shares of company stock worth $8,824,653 in the last quarter. 0.08% of the stock is owned by company insiders.

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.