Citigroup Inc. (NYSE:C) Shares Purchased by Game Creek Capital LP

Game Creek Capital LP raised its position in Citigroup Inc. (NYSE:C - Free Report) by 68.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,875 shares of the company's stock after purchasing an additional 14,625 shares during the quarter. Citigroup comprises 1.0% of Game Creek Capital LP's investment portfolio, making the stock its 26th biggest position. Game Creek Capital LP's holdings in Citigroup were worth $2,525,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have commented on C shares. Morgan Stanley dropped their price target on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Truist Financial lowered their target price on Citigroup from $84.00 to $79.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their target price on shares of Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Oppenheimer lifted their price objective 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. Finally, 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Insiders Place Their Bets

In related news, insider Sara Wechter sold 15,125 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction that occurred on Thursday, February 13th. The stock was 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 owns 229,180 shares of the company's stock, valued at $18,586,498. This represents a 11.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,007 shares of company stock worth $8,824,653. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Performance

Shares of NYSE C traded up $0.92 during mid-day trading on Tuesday, hitting $75.83. 1,848,100 shares of the company were exchanged, compared to its average volume of 14,392,106. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $142.73 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The stock has a 50 day simple moving average of $67.59 and a 200-day simple moving average of $71.66. 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 issued its quarterly 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, sell-side analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, May 5th. Citigroup's dividend payout ratio is presently 35.39%.

Citigroup announced that its board has approved a share repurchase 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 shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are 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.