Citigroup Inc. (NYSE:C) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina decreased its stake in Citigroup Inc. (NYSE:C) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 854,291 shares of the company’s stock after selling 6,760 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Citigroup were worth $60,134,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC boosted its position in shares of Citigroup by 5.6% during the 3rd quarter. Continuum Advisory LLC now owns 6,399 shares of the company’s stock valued at $436,000 after acquiring an additional 340 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Citigroup by 10.4% during the third quarter. Toronto Dominion Bank now owns 1,094,872 shares of the company’s stock valued at $68,539,000 after acquiring an additional 102,806 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Citigroup by 3.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 80,269 shares of the company’s stock valued at $5,025,000 after acquiring an additional 2,999 shares during the period. TD Private Client Wealth LLC increased its holdings in Citigroup by 3.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 39,412 shares of the company’s stock valued at $2,467,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its position in shares of Citigroup by 1.2% during the third quarter. Soltis Investment Advisors LLC now owns 112,424 shares of the company’s stock worth $7,038,000 after buying an additional 1,313 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Activity at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total transaction 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 approximately $18,084,112.51. This represents a 21.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by company insiders.

Citigroup Stock Performance

NYSE:C opened at $64.28 on Thursday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The firm has a 50 day simple moving average of $73.60 and a 200-day simple moving average of $70.93. The firm has a market cap of $120.98 billion, a PE ratio of 10.80, a P/E/G ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. On average, equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its Board of Directors has approved a share buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.48%. Citigroup’s dividend payout ratio is presently 37.65%.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. cut their price target on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. StockNews.com cut shares of Citigroup from a “buy” rating to a “hold” rating in a report on Sunday, March 30th. Finally, Morgan Stanley lowered their price target on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Four equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.54.

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.