Jacobs Levy Equity Management Inc. Has $29.24 Million Holdings in Citigroup Inc. (NYSE:C)

Jacobs Levy Equity Management Inc. cut its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 415,392 shares of the company's stock after selling 78,321 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Citigroup were worth $29,239,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Core Alternative Capital grew its holdings in shares of 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 buying an additional 171 shares during the period. Webster Bank N. A. boosted its stake in shares of Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup in the 4th quarter valued at about $35,000. Sierra Ocean LLC acquired a new stake in Citigroup in the 4th quarter valued at about $37,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Citigroup in the 4th quarter valued at about $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of Citigroup stock traded up $0.58 during trading hours on Thursday, reaching $75.87. 12,612,946 shares of the company's stock were exchanged, compared to its average volume of 14,468,695. The business has a fifty day moving average of $67.79 and a two-hundred day moving average of $71.72. 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 company has a market capitalization of $141.70 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. 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 released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. As a group, research analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend 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 of Directors has authorized a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

C has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. StockNews.com lowered shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Royal Bank of Canada dropped their target price on shares of Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a 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 report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.97.

Insider Buying and Selling at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at $890,656.48. This trade represents a 25.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

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.