Citigroup Inc. (NYSE:C) Holdings Decreased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in Citigroup Inc. (NYSE:C - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,653 shares of the company's stock after selling 33,016 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Citigroup were worth $15,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock valued at $24,844,000 after acquiring an additional 11,674 shares in the last quarter. Brookstone Capital Management lifted its holdings 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 purchasing an additional 27,856 shares in the last quarter. Invesco Ltd. lifted its holdings in Citigroup by 13.8% in the 4th quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock valued at $1,143,633,000 after purchasing an additional 1,970,300 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Citigroup by 168.7% during the 4th quarter. FNY Investment Advisers LLC now owns 19,560 shares of the company's stock worth $1,376,000 after purchasing an additional 12,280 shares during the last quarter. Finally, Candriam S.C.A. grew its holdings in shares of Citigroup by 12.7% during the fourth quarter. Candriam S.C.A. now owns 200,860 shares of the company's stock worth $14,139,000 after buying an additional 22,657 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Trading Down 0.5 %

Shares of C stock traded down $0.38 during mid-day trading on Monday, reaching $70.21. The company's stock had a trading volume of 10,316,914 shares, compared to its average volume of 14,419,152. 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 $132.15 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. The company's 50 day simple moving average is $68.06 and its 200-day simple moving average is $71.35. Citigroup Inc. has a 12-month low of $53.51 and a 12-month 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. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.19%. Citigroup's payout ratio is currently 35.39%.

Insider Activity

In other news, 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 transaction of $1,225,276.25. Following the completion of the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company's stock, valued at approximately $890,656.48. This trade represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 108,007 shares of company stock worth $8,824,653. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

C has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Citigroup from $110.00 to $109.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada decreased their price objective on Citigroup from $85.00 to $78.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and issued a $77.00 target price (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI decreased their price target 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. Finally, StockNews.com downgraded shares of Citigroup from a "buy" rating to a "hold" rating in a research note on Sunday, March 30th. Four 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 has a consensus rating of "Moderate Buy" and an average target price of $84.04.

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.