Nearwater Capital Markets Ltd Purchases Shares of 191,543 Citigroup Inc. (NYSE:C)

Nearwater Capital Markets Ltd acquired a new position in Citigroup Inc. (NYSE:C - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 191,543 shares of the company's stock, valued at approximately $13,483,000.

Several other hedge funds have also modified their holdings of C. Aprio Wealth Management LLC grew its stake in shares of Citigroup by 50.7% during the fourth quarter. Aprio Wealth Management LLC now owns 4,936 shares of the company's stock valued at $347,000 after buying an additional 1,661 shares during the last quarter. Matrix Trust Co grew its position 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 last quarter. Brookstone Capital Management increased its stake in Citigroup by 340.6% in the fourth quarter. Brookstone Capital Management now owns 36,034 shares of the company's stock worth $2,536,000 after purchasing an additional 27,856 shares during the period. Wedmont Private Capital lifted its position in shares of Citigroup by 13.7% during the fourth quarter. Wedmont Private Capital now owns 17,389 shares of the company's stock worth $1,242,000 after purchasing an additional 2,096 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Citigroup by 4.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 19,111 shares of the company's stock valued at $1,345,000 after purchasing an additional 820 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Price Performance

Citigroup stock opened at $75.55 on Wednesday. The stock has a market capitalization of $142.20 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.64 and a beta of 1.30. The company's fifty day moving average price is $67.70 and its 200 day moving average price is $71.69. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. 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 announced 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 business had revenue of $21.60 billion during the quarter, compared to analysts' expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup's dividend payout ratio (DPR) is 35.39%.

Insider Transactions at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction 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 directly owns 109,780 shares of the company's stock, valued at approximately $8,893,277.80. The trade was a 12.11% decrease in their ownership of the stock. The sale 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 the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. The trade was a 25.29% 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 in the last ninety days. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on C shares. StockNews.com cut shares of Citigroup from a "buy" rating to a "hold" rating in a research report on Sunday, March 30th. Bank of America lowered 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. Royal Bank of Canada reduced 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Evercore ISI cut 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and an average price target of $84.04.

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.

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