Citigroup Inc. (NYSE:C) Shares Sold by Paragon Capital Management LLC

Paragon Capital Management LLC lessened its stake in shares of Citigroup Inc. (NYSE:C) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,058 shares of the company’s stock after selling 714 shares during the quarter. Citigroup comprises about 0.6% of Paragon Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Paragon Capital Management LLC’s holdings in Citigroup were worth $1,060,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in shares of Citigroup during the fourth quarter worth $250,000. AllSquare Wealth Management LLC grew its position in shares of Citigroup by 77.5% in the fourth quarter. AllSquare Wealth Management LLC now owns 2,748 shares of the company’s stock valued at $193,000 after purchasing an additional 1,200 shares during the period. DCF Advisers LLC grew its position in shares of Citigroup by 12.5% in the fourth quarter. DCF Advisers LLC now owns 45,000 shares of the company’s stock valued at $3,168,000 after purchasing an additional 5,000 shares during the period. HUB Investment Partners LLC grew its position in shares of Citigroup by 36.5% in the fourth quarter. HUB Investment Partners LLC now owns 15,022 shares of the company’s stock valued at $1,057,000 after purchasing an additional 4,013 shares during the period. Finally, Whittier Trust Co. grew its position in shares of Citigroup by 14.6% in the fourth quarter. Whittier Trust Co. now owns 41,212 shares of the company’s stock valued at $2,900,000 after purchasing an additional 5,260 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $71.80 on Friday. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The firm has a market capitalization of $135.31 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The business has a 50 day simple moving average of $77.45 and a 200 day simple moving average of $70.13. 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 issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were given a $0.56 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 3.12%. Citigroup’s dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its board has approved 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 repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on C. Truist Financial began coverage on Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price objective for the company. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $95.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Morgan Stanley reduced their price objective on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.53.

Insiders Place Their Bets

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 217,331 shares of the company’s stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were 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 approximately $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 over the last ninety days. Company 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.