TIAA Trust National Association Buys 152 Shares of Citigroup Inc. (NYSE:C)

TIAA Trust National Association increased its position in Citigroup Inc. (NYSE:C) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,078 shares of the company’s stock after acquiring an additional 152 shares during the quarter. TIAA Trust National Association’s holdings in Citigroup were worth $1,132,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its holdings in shares of Citigroup by 94.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 11,954 shares of the company’s stock valued at $748,000 after purchasing an additional 5,816 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Citigroup by 7.4% during the third quarter. Hancock Whitney Corp now owns 5,544 shares of the company’s stock valued at $347,000 after acquiring an additional 382 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Citigroup by 6.6% in the 3rd quarter. D.A. Davidson & CO. now owns 56,877 shares of the company’s stock worth $3,561,000 after purchasing an additional 3,536 shares during the period. Cadence Bank lifted its holdings in Citigroup by 14.5% in the third quarter. Cadence Bank now owns 4,011 shares of the company’s stock worth $251,000 after buying an additional 507 shares during the period. Finally, Townsquare Capital LLC lifted its stake in shares of Citigroup by 7.1% in the 3rd quarter. Townsquare Capital LLC now owns 137,267 shares of the company’s stock valued at $8,593,000 after purchasing an additional 9,146 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction that occurred 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 owns 109,780 shares in the company, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Mason sold 58,465 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 217,331 shares of the company’s stock, valued at approximately $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 sold a total of 103,590 shares of company stock valued at $8,523,149 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Citigroup Price Performance

Shares of C opened at $71.90 on Friday. The firm has a fifty day simple moving average of $77.26 and a two-hundred day simple moving average of $70.56. The firm has a market cap of $135.32 billion, a PE ratio of 12.08, a P/E/G ratio of 0.64 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74.

Citigroup (NYSE:C) last announced its earnings results 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. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its board has approved a share buyback program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Citigroup Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on C. StockNews.com raised shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd. Morgan Stanley cut their target price on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Bank of America raised their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Evercore ISI increased their price objective on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Finally, Oppenheimer decreased their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and an average price target of $83.53.

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.