IHT Wealth Management LLC Sells 7,577 Shares of Citigroup Inc. (NYSE:C)

IHT Wealth Management LLC trimmed its holdings in Citigroup Inc. (NYSE:C - Free Report) by 42.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,328 shares of the company's stock after selling 7,577 shares during the period. IHT Wealth Management LLC's holdings in Citigroup were worth $727,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Core Alternative Capital increased its stake in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of Citigroup in the fourth quarter valued at approximately $35,000. Webster Bank N. A. boosted its position in 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 acquiring an additional 300 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Citigroup in the 4th quarter worth approximately $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 71.72% of the company's stock.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the transaction, the insider now owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 over the last ninety days. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

C has been the subject of a number of research reports. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Royal Bank of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Evercore ISI cut their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Oppenheimer increased their target price on Citigroup from $91.00 to $94.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued 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. Four equities research 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, Citigroup currently has an average rating of "Moderate Buy" and a consensus price target of $84.04.

Citigroup Stock Performance

Shares of C stock traded up $0.41 on Tuesday, hitting $68.69. 2,953,556 shares of the stock traded hands, compared to its average volume of 14,377,708. The company has a market capitalization of $129.29 billion, a PE ratio of 11.55, a PEG ratio of 0.64 and a beta of 1.29. The company's fifty day moving average is $69.07 and its 200 day moving average is $71.17. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. 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 earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. On average, equities research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.26%. Citigroup's payout ratio is 35.39%.

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.