Capital International Inc. CA Boosts Stock Position in Citigroup Inc. (NYSE:C)

Capital International Inc. CA boosted its position in shares of Citigroup Inc. (NYSE:C) by 423.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,672 shares of the company’s stock after acquiring an additional 166,374 shares during the quarter. Capital International Inc. CA’s holdings in Citigroup were worth $14,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Core Alternative Capital raised its position in Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of Citigroup in the 4th quarter valued at approximately $35,000. Webster Bank N. A. lifted 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. Sierra Ocean LLC acquired a new position in shares of Citigroup during the fourth quarter worth $37,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the stock in a transaction 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 owns 217,331 shares of the company’s stock, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

C has been the subject of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research report on Wednesday. Truist Financial cut their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday. 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. Evercore ISI cut their target price on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Finally, StockNews.com downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Sunday, March 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and an average price target of $84.61.

Citigroup Trading Up 1.8 %

NYSE C opened at $63.23 on Friday. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The firm has a 50-day moving average price of $71.12 and a 200 day moving average price of $70.98. The stock has a market capitalization of $119.01 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.64 and a beta of 1.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. Equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

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

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is 35.39%.

Citigroup 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.