Nwam LLC Grows Stock Holdings in Citigroup Inc. (NYSE:C)

Nwam LLC increased its stake in Citigroup Inc. (NYSE:C) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 6,122 shares of the company’s stock after buying an additional 629 shares during the period. Nwam LLC’s holdings in Citigroup were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. NewEdge Wealth LLC boosted its position in Citigroup by 15.5% in the fourth quarter. NewEdge Wealth LLC now owns 18,119 shares of the company’s stock worth $1,275,000 after purchasing an additional 2,434 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Citigroup by 2.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,391 shares of the company’s stock worth $1,083,000 after buying an additional 318 shares during the last quarter. Sabal Trust CO grew its position in Citigroup by 84.8% during the fourth quarter. Sabal Trust CO now owns 12,170 shares of the company’s stock valued at $857,000 after buying an additional 5,586 shares during the period. DMKC Advisory Services LLC purchased a new stake in Citigroup during the fourth quarter valued at approximately $1,387,000. Finally, Lake Street Advisors Group LLC raised its position in Citigroup by 4.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 15,059 shares of the company’s stock worth $1,060,000 after acquiring an additional 598 shares during the period. Institutional investors own 71.72% of the company’s stock.

Insiders Place Their Bets

In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the completion of the transaction, 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 SEC, which can be accessed through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now 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. In the last ninety days, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is currently owned by company insiders.

Citigroup Trading Up 1.2 %

C opened at $79.78 on Friday. 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 stock’s 50 day moving average price is $77.72 and its 200-day moving average price is $69.31. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74. The stock has a market cap of $150.35 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.64 and a beta of 1.44.

Citigroup (NYSE:C) last issued its earnings results 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 the consensus estimate of $19.51 billion. During the same period in the prior year, the firm earned $0.84 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its Board of Directors has initiated a share repurchase 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 an indication that the company’s management believes its stock is undervalued.

Citigroup Dividend Announcement

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 dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Analyst Ratings Changes

C has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley upped their price target on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.