Citigroup Inc. (NYSE:C) Shares Sold by Kahn Brothers Group Inc.

Kahn Brothers Group Inc. trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 906,779 shares of the company's stock after selling 279,794 shares during the quarter. Citigroup accounts for approximately 13.7% of Kahn Brothers Group Inc.'s investment portfolio, making the stock its largest holding. Kahn Brothers Group Inc.'s holdings in Citigroup were worth $63,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Core Alternative Capital raised its holdings 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 acquiring an additional 171 shares in the last quarter. Webster Bank N. A. raised its holdings in shares of Citigroup by 150.0% in the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $35,000. Sierra Ocean LLC bought a new stake in shares of Citigroup in the fourth quarter valued at about $37,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Citigroup in the fourth quarter valued at about $39,000. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 0.5%

Shares of C stock traded down $0.35 during trading hours on Wednesday, reaching $75.22. 11,366,072 shares of the company's stock were exchanged, compared to its average volume of 14,476,068. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The stock has a market cap of $141.58 billion, a PE ratio of 12.64, a PEG ratio of 0.64 and a beta of 1.30. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average price is $67.79 and its two-hundred day moving average price is $71.72.

Citigroup (NYSE:C - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, beating 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 return on equity of 6.62% and a net margin of 7.43%. Research analysts predict 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 23rd. Investors of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 2.98%. Citigroup's dividend payout ratio is currently 35.39%.

Citigroup declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America decreased their price objective on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced their target price 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. Evercore ISI reduced their target price on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Morgan Stanley reduced their target price on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup has a consensus rating of "Moderate Buy" and an average price target of $84.04.

Insider Activity at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the sale, the chief financial officer now owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sara Wechter sold 15,125 shares of the company's 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 sale, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,007 shares of company stock worth $8,824,653 over the last quarter. Insiders own 0.08% of the company's stock.

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.