Man Group plc Buys 189,359 Shares of Citigroup Inc. (NYSE:C)

Man Group plc grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,006,892 shares of the company's stock after purchasing an additional 189,359 shares during the quarter. Man Group plc owned approximately 0.11% of Citigroup worth $141,265,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in C. Aprio Wealth Management LLC increased its position in shares of Citigroup by 50.7% during the 4th quarter. Aprio Wealth Management LLC now owns 4,936 shares of the company's stock valued at $347,000 after purchasing an additional 1,661 shares during the last quarter. Matrix Trust Co raised its stake in Citigroup by 491.7% in the 4th quarter. Matrix Trust Co now owns 1,355 shares of the company's stock valued at $95,000 after acquiring an additional 1,126 shares during the period. Brookstone Capital Management raised its stake in Citigroup by 340.6% in the 4th quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock valued at $2,536,000 after acquiring an additional 27,856 shares during the period. Wedmont Private Capital raised its stake in Citigroup by 13.7% in the 4th quarter. Wedmont Private Capital now owns 17,389 shares of the company's stock valued at $1,242,000 after acquiring an additional 2,096 shares during the period. Finally, Pallas Capital Advisors LLC raised its stake in Citigroup by 4.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 19,111 shares of the company's stock valued at $1,345,000 after acquiring an additional 820 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on C. Evercore ISI lowered their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. StockNews.com cut Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. JPMorgan Chase & Co. lowered their price objective on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered their price objective on Citigroup from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada lowered their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Four 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.04.

Insider Transactions at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the business'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 $8,893,277.80. The trade was a 12.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the business'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 completion of the sale, the chief financial officer now owns 217,331 shares of the company's stock, valued at $18,084,112.51. The trade was a 21.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,007 shares of company stock valued at $8,824,653. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Up 0.9%

C stock opened at $75.55 on Wednesday. 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 capitalization of $142.20 billion, a PE ratio of 12.70, a PEG ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The stock has a 50-day simple moving average of $67.70 and a two-hundred day simple moving average of $71.69.

Citigroup (NYSE:C - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS 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 company had revenue of $21.60 billion during the quarter, compared to analyst estimates of $21.34 billion. On average, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's payout ratio is 35.39%.

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

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.

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