22,181 Shares in Citigroup Inc. (NYSE:C) Acquired by SVB Wealth LLC

SVB Wealth LLC purchased a new position in shares of Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,181 shares of the company’s stock, valued at approximately $1,561,000.

A number of other large investors have also bought and sold shares of the business. Roanoke Asset Management Corp NY boosted its position in Citigroup by 0.4% in the 4th quarter. Roanoke Asset Management Corp NY now owns 55,822 shares of the company’s stock valued at $3,929,000 after buying an additional 208 shares during the last quarter. Flputnam Investment Management Co. boosted its position in Citigroup by 14.1% in the 4th quarter. Flputnam Investment Management Co. now owns 5,256 shares of the company’s stock valued at $370,000 after buying an additional 651 shares during the last quarter. Hosking Partners LLP boosted its position in Citigroup by 5.5% in the 4th quarter. Hosking Partners LLP now owns 1,240,236 shares of the company’s stock valued at $87,300,000 after buying an additional 64,743 shares during the last quarter. Fusion Capital LLC boosted its position in Citigroup by 9.8% in the 4th quarter. Fusion Capital LLC now owns 14,770 shares of the company’s stock valued at $1,040,000 after buying an additional 1,317 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Citigroup by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 308,376 shares of the company’s stock valued at $21,707,000 after buying an additional 10,803 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

Shares of Citigroup stock opened at $79.78 on Monday. The company has a market capitalization of $150.35 billion, a PE ratio of 13.41, a PEG ratio of 0.64 and a beta of 1.44. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $77.72 and its 200 day simple moving average is $69.38.

Citigroup (NYSE:C) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping 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 firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, February 3rd. Citigroup’s dividend payout ratio is 37.65%.

Citigroup announced that its board has initiated a share repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group increased their price objective on Citigroup from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Bank of America increased their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Truist Financial began coverage on Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $83.93.

Insider Buying and Selling at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.10, for a total value of $2,433,000.00. Following the sale, the chief operating officer now owns 229,180 shares of the company’s stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction dated 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 completion of the sale, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock valued at $8,523,149 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.