DCF Advisers LLC Has $3.17 Million Stock Holdings in Citigroup Inc. (NYSE:C)

DCF Advisers LLC increased its holdings in Citigroup Inc. (NYSE:C) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Citigroup makes up 1.5% of DCF Advisers LLC’s portfolio, making the stock its 22nd biggest position. DCF Advisers LLC’s holdings in Citigroup were worth $3,168,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in C. Swedbank AB raised its position in Citigroup by 1.3% in the third quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock worth $274,115,000 after purchasing an additional 54,782 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Citigroup by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 145,663 shares of the company’s stock worth $9,118,000 after buying an additional 3,482 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Citigroup by 2.8% during the third quarter. Pathstone Holdings LLC now owns 149,742 shares of the company’s stock worth $9,374,000 after buying an additional 4,051 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Citigroup by 1.4% during the third quarter. PNC Financial Services Group Inc. now owns 373,148 shares of the company’s stock worth $23,359,000 after buying an additional 5,303 shares in the last quarter. Finally, Commerce Bank increased its holdings in shares of Citigroup by 1.5% during the third quarter. Commerce Bank now owns 220,244 shares of the company’s stock worth $13,787,000 after buying an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value 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. The trade was a 12.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Mason sold 58,465 shares of Citigroup 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 completion of the sale, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on C. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $95.00 in a report on Monday, January 6th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (up previously from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Morgan Stanley dropped their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Evercore ISI raised their price objective 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.53.

Citigroup Trading Up 0.5 %

C opened at $71.80 on Friday. The firm’s fifty day moving average is $77.45 and its two-hundred day moving average is $70.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $135.31 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74.

Citigroup (NYSE:C) last issued 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 business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same period last year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.12%. Citigroup’s payout ratio is 37.65%.

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.