Lido Advisors LLC Boosts Holdings in Citigroup Inc. (NYSE:C)

Lido Advisors LLC lifted its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 432.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 137,801 shares of the company's stock after acquiring an additional 111,943 shares during the period. Lido Advisors LLC's holdings in Citigroup were worth $9,700,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company's stock worth $608,000 after purchasing an additional 135 shares during the period. Hemington Wealth Management lifted its holdings in Citigroup by 10.9% in the fourth quarter. Hemington Wealth Management now owns 1,387 shares of the company's stock valued at $97,000 after acquiring an additional 136 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Citigroup by 3.4% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,112 shares of the company's stock valued at $289,000 after acquiring an additional 137 shares during the period. Rakuten Securities Inc. lifted its holdings in Citigroup by 2.4% in the fourth quarter. Rakuten Securities Inc. now owns 5,953 shares of the company's stock valued at $419,000 after acquiring an additional 139 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Citigroup by 1.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 8,405 shares of the company's stock valued at $592,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Price Performance

C traded down $0.22 on Thursday, reaching $68.16. 9,675,191 shares of the company's stock were exchanged, compared to its average volume of 14,414,066. The stock has a market cap of $128.29 billion, a PE ratio of 11.46, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The stock's fifty day moving average price is $68.59 and its 200-day moving average price is $71.13. 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 (NYSE:C - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its board has approved a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.29%. Citigroup's payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were 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 of the company's stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock worth $8,523,149 in the last ninety days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on C. Bank of America decreased their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. StockNews.com downgraded Citigroup from a "buy" rating to a "hold" rating in a report on Sunday, March 30th. Royal Bank of Canada reduced their target price on Citigroup from $85.00 to $78.00 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $77.00 target price (down from $83.00) on shares of Citigroup in a research note 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.04.

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.