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

Altrius Capital Management Inc lowered its holdings in Citigroup Inc. (NYSE:C) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,874 shares of the company’s stock after selling 1,966 shares during the quarter. Citigroup accounts for 1.5% of Altrius Capital Management Inc’s holdings, making the stock its 28th largest holding. Altrius Capital Management Inc’s holdings in Citigroup were worth $5,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of C. AMF Tjanstepension AB purchased a new position in shares of Citigroup during the third quarter worth approximately $4,607,000. Swedbank AB increased its holdings in shares of Citigroup by 1.3% in the third quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock valued at $274,115,000 after purchasing an additional 54,782 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Citigroup by 27.7% during the third quarter. Diversify Advisory Services LLC now owns 12,000 shares of the company’s stock worth $763,000 after purchasing an additional 2,600 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Citigroup by 6,170.6% during the third quarter. Pathway Financial Advisers LLC now owns 10,033 shares of the company’s stock worth $628,000 after purchasing an additional 9,873 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in Citigroup by 75.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,060 shares of the company’s stock valued at $254,000 after buying an additional 1,751 shares during the period. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.2 %

Shares of C opened at $78.91 on Friday. The firm has a 50 day moving average price of $77.51 and a 200-day moving average price of $69.08. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The firm has a market cap of $149.24 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.64 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last issued its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. As a group, equities research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup announced that its Board of Directors has approved a stock 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 purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Citigroup Announces Dividend

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 $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.84%. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Insider Buying and Selling at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the completion of the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the sale, the insider now directly owns 109,780 shares of the company’s stock, valued at $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 90 days. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on C. Oppenheimer lowered their price objective on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Bank of America raised their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their target price on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

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.