State of Alaska Department of Revenue Decreases Holdings in Citigroup Inc. $C

Key Points

• State of Alaska Department of Revenue trimmed its Citigroup stake by 10% in Q4, selling 19,670 shares to hold 177,911 shares valued at about $20.76 million.
• Insider Cantu Ernesto Torres sold 43,173 shares on Feb. 13 for roughly $4.8 million, cutting his position by 48.5%; company insiders collectively own only 0.11% of Citigroup.
• Wall Street is broadly constructive ahead of Citigroup’s Q1 report (due Apr. 14) with a consensus of Moderate Buy, an average target of $127.41 and a six‑month median near $131, while markets will focus on trading and investment‑banking revenue.

State of Alaska Department of Revenue trimmed its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,911 shares of the company's stock after selling 19,670 shares during the period. State of Alaska Department of Revenue's holdings in Citigroup were worth $20,760,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Legacy Bridge LLC purchased a new position in shares of Citigroup during the 4th quarter valued at about $56,000. RFG Holdings Inc. purchased a new position in shares of Citigroup in the fourth quarter worth about $222,000. FSM Wealth Advisors LLC increased its holdings in shares of Citigroup by 7.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 3,575 shares of the company's stock worth $417,000 after buying an additional 258 shares during the period. Smith Moore & CO. purchased a new position in shares of Citigroup in the fourth quarter worth about $428,000. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Citigroup by 1.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 691,760 shares of the company's stock worth $80,721,000 after buying an additional 8,947 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Cantu Ernesto Torres sold 43,173 shares of the company's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the transaction, the insider owned 45,835 shares in the company, valued at approximately $5,091,810.15. This represents a 48.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company's stock.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Wall Street remains broadly constructive: multiple recent analyst ratings are Buy/Overweight and the six-month median price target (~$131) sits above current levels — a supportive backdrop if Citi delivers solid Q1 trading and IBD revenue. Citigroup Stock (C) Opinions on Upcoming Earnings Report
• Neutral Sentiment: Earnings preview — Citigroup reports Q1 before the open on Apr 14; market focus is on trading revenue and investment-banking fees, which could swing the stock either way depending on beats/misses and management guidance. What To Expect From Citigroup’s (C) Q1 Earnings
• Neutral Sentiment: Citi’s research activity is visible in the headlines (examples: analyst note changes at auto dealers), but those are about coverage of other companies and are unlikely to move C materially on their own. Citi Retains a Buy Rating on Group 1 Automotive, Inc. (GPI)
• Negative Sentiment: Insider selling and social-media caution: QuiverQuant flags multiple insider sales (including senior executives) and elevated “panic/euphoria” chatter, which can pressure sentiment heading into the print. Citigroup Stock (C) Opinions on Upcoming Earnings Report
• Negative Sentiment: Large institutional trimming: recent quarter-level data show major asset managers materially reducing positions in C (notably a large removal by UBS AM), which can weigh on stock if outflows persist or signal lower conviction. Citigroup Stock (C) Opinions on Upcoming Earnings Report

Citigroup Stock Down 0.1%

Shares of NYSE:C opened at $124.32 on Monday. Citigroup Inc. has a 1 year low of $59.92 and a 1 year high of $125.48. The stock's 50-day moving average is $113.39 and its 200 day moving average is $109.33. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $213.20 billion, a PE ratio of 17.84, a P/E/G ratio of 0.64 and a beta of 1.11.

Citigroup (NYSE:C - Get Free Report) last posted its earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, May 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. Citigroup's dividend payout ratio is 34.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on C. Royal Bank Of Canada reiterated an "outperform" rating and issued a $121.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Barclays lifted their price objective on Citigroup from $115.00 to $146.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. UBS Group reiterated a "neutral" rating and issued a $132.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Wells Fargo & Company set a $150.00 price objective on Citigroup in a report on Monday, January 5th. Finally, The Goldman Sachs Group lifted their price objective on Citigroup from $123.00 to $137.00 and gave the stock a "buy" rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average target price of $127.41.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi's principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.