Mark Mason Sells 58,465 Shares of Citigroup Inc. (NYSE:C) Stock

Citigroup Inc. (NYSE:C) 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Citigroup Stock Performance

C stock traded down $0.02 during midday trading on Tuesday, reaching $84.59. 16,709,975 shares of the company were exchanged, compared to its average volume of 15,816,831. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average price of $75.95 and a two-hundred day moving average price of $67.93. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The firm has a market capitalization of $159.99 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.65 and a beta of 1.44.

Citigroup (NYSE:C) last released its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its board has authorized a share buyback 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 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio is currently 37.65%.

Wall Street Analysts Forecast Growth

C has been the subject of several research reports. Bank of America raised their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Truist Financial assumed coverage on shares of Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price for the company. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price (up from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Finally, Evercore ISI raised their target price on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Institutional Investors Weigh In On Citigroup

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $115,000. Vise Technologies Inc. raised its stake in Citigroup by 42.4% in the fourth quarter. Vise Technologies Inc. now owns 25,223 shares of the company’s stock valued at $1,775,000 after purchasing an additional 7,507 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in Citigroup by 60.4% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 25,600 shares of the company’s stock valued at $1,802,000 after purchasing an additional 9,640 shares in the last quarter. Inspire Trust Co. N.A. raised its stake in Citigroup by 3.2% in the fourth quarter. Inspire Trust Co. N.A. now owns 80,000 shares of the company’s stock valued at $5,631,000 after purchasing an additional 2,494 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its stake in Citigroup by 0.5% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 71,966 shares of the company’s stock valued at $5,066,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 71.72% 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.