Citigroup Inc. (NYSE:C) Shares Sold by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. cut its position in shares of Citigroup Inc. (NYSE:C) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,000 shares of the company’s stock after selling 15,000 shares during the period. Banco BTG Pactual S.A.’s holdings in Citigroup were worth $2,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Kingsview Wealth Management LLC grew its stake in Citigroup by 11.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,186 shares of the company’s stock valued at $1,013,000 after acquiring an additional 1,619 shares during the period. Algert Global LLC acquired a new stake in shares of Citigroup in the third quarter valued at about $3,696,000. Centaurus Financial Inc. increased its stake in shares of Citigroup by 10.9% during the third quarter. Centaurus Financial Inc. now owns 8,594 shares of the company’s stock worth $538,000 after purchasing an additional 842 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Citigroup by 1.2% during the 3rd quarter. Independent Advisor Alliance now owns 70,252 shares of the company’s stock worth $4,398,000 after purchasing an additional 851 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Citigroup by 94.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 11,954 shares of the company’s stock valued at $748,000 after buying an additional 5,816 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling at Citigroup

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction 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 sale, the chief operating officer now directly owns 229,180 shares of the company’s stock, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

Analysts Set New Price Targets

A number of brokerages have commented on C. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a report on Saturday. Truist Financial started coverage on Citigroup in a report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price objective on the stock. The Goldman Sachs Group dropped their target price on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Evercore ISI raised their price target on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $83.53.

Citigroup Trading Up 0.5 %

Shares of C stock opened at $74.43 on Wednesday. The company has a 50-day moving average of $77.50 and a two-hundred day moving average of $70.53. The firm has a market cap of $140.09 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a 1-year low of $53.51 and a 1-year high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

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

Citigroup declared that its board has initiated a stock buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Monday, February 3rd. 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.