Nebula Research & Development LLC Cuts Stake in Citigroup Inc. (NYSE:C)

Nebula Research & Development LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,478 shares of the company's stock after selling 11,247 shares during the quarter. Nebula Research & Development LLC's holdings in Citigroup were worth $1,441,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Core Alternative Capital increased its position 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 during the last quarter. Webster Bank N. A. increased its position in shares of Citigroup by 150.0% during the 4th quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of Citigroup during the 4th quarter worth approximately $35,000. Sierra Ocean LLC acquired a new stake in shares of Citigroup in the 4th quarter valued at approximately $37,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Citigroup in the fourth quarter valued at $39,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on C shares. JPMorgan Chase & Co. decreased their target price on Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Piper Sandler reiterated an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Evercore ISI lowered their price target on shares of Citigroup from $79.00 to $76.00 and set an "in-line" rating on the stock in a research report on Tuesday, April 1st. Truist Financial decreased their target price on shares of Citigroup from $84.00 to $79.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Bank of America cut their price target on Citigroup from $90.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.04.

Citigroup Price Performance

Shares of C traded down $1.21 during mid-day trading on Wednesday, reaching $67.67. The company had a trading volume of 6,394,434 shares, compared to its average volume of 14,382,282. The company's 50 day simple moving average is $68.82 and its 200 day simple moving average is $71.15. The company has a market capitalization of $127.37 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. 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 (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.31%. Citigroup's dividend payout ratio (DPR) is presently 35.39%.

Citigroup declared that its board has authorized a share repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits 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 believes its shares are undervalued.

Insider Buying and Selling at Citigroup

In other Citigroup 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the firm'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 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 approximately $18,084,112.51. This trade represents a 21.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,590 shares of company stock worth $8,523,149. 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.