Humankind Investments LLC Has $651,000 Stock Position in Citigroup Inc. (NYSE:C)

Humankind Investments LLC reduced its position in Citigroup Inc. (NYSE:C) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,246 shares of the company’s stock after selling 687 shares during the quarter. Humankind Investments LLC’s holdings in Citigroup were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Baker Tilly Wealth Management LLC boosted its holdings in Citigroup by 4.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,348 shares of the company’s stock worth $376,000 after purchasing an additional 236 shares in the last quarter. Graypoint LLC boosted its stake in shares of Citigroup by 19.0% during the 4th quarter. Graypoint LLC now owns 13,177 shares of the company’s stock worth $928,000 after acquiring an additional 2,100 shares in the last quarter. Czech National Bank raised its stake in shares of Citigroup by 5.5% in the 4th quarter. Czech National Bank now owns 410,064 shares of the company’s stock valued at $28,864,000 after acquiring an additional 21,426 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in Citigroup by 50.7% in the 4th quarter. Aprio Wealth Management LLC now owns 4,936 shares of the company’s stock worth $347,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Matrix Trust Co lifted its holdings in Citigroup by 491.7% in the 4th quarter. Matrix Trust Co now owns 1,355 shares of the company’s stock worth $95,000 after purchasing an additional 1,126 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.3 %

Shares of Citigroup stock opened at $71.39 on Friday. The company’s fifty day moving average price is $67.56 and its two-hundred day moving average price is $71.51. The firm has a market capitalization of $134.37 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a 52-week low of $53.51 and a 52-week 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 announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion during the quarter, compared to analysts’ expectations of $21.34 billion. On average, analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is 35.39%.

Citigroup announced that its Board of Directors has approved a share repurchase program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on C shares. Royal Bank of Canada dropped their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler reissued an “overweight” rating and set a $77.00 target price (down previously from $83.00) on shares of Citigroup in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research report on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Finally, Morgan Stanley lowered their target price on Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.04.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction that occurred on 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 in the company, 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 108,007 shares of company stock worth $8,824,653 over the last three months. 0.08% of the stock is currently owned by corporate 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.