Mufg Securities Americas Inc. Buys Shares of 31,332 Citigroup Inc. (NYSE:C)

Mufg Securities Americas Inc. acquired a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 31,332 shares of the company’s stock, valued at approximately $2,205,000.

Several other institutional investors and hedge funds have also modified their holdings of C. Man Group plc increased its holdings in Citigroup by 10.4% during the 4th quarter. Man Group plc now owns 2,006,892 shares of the company’s stock worth $141,265,000 after purchasing an additional 189,359 shares in the last quarter. Nearwater Capital Markets Ltd acquired a new position in shares of Citigroup during the fourth quarter worth about $13,483,000. Nokomis Capital L.L.C. acquired a new stake in Citigroup in the 4th quarter valued at approximately $4,504,000. NorthRock Partners LLC lifted its stake in Citigroup by 160.3% in the 4th quarter. NorthRock Partners LLC now owns 12,292 shares of the company’s stock valued at $865,000 after acquiring an additional 7,570 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Citigroup by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 13,454,775 shares of the company’s stock valued at $947,082,000 after acquiring an additional 46,646 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on C. Truist Financial cut their price objective on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set 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 decreased their price target on Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Piper Sandler reissued an “overweight” rating and issued a $77.00 price objective (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, StockNews.com lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average price target of $84.04.

Citigroup Stock Up 0.9%

C opened at $75.55 on Wednesday. The stock has a fifty day moving average of $67.70 and a 200-day moving average of $71.69. The company has a market capitalization of $142.20 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $21.34 billion. On average, equities 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. Investors of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Monday, May 5th. Citigroup’s dividend payout ratio is currently 35.39%.

Citigroup announced that its board has authorized a stock repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related 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 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 SEC, which is accessible through this link. Also, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction that occurred on Friday, February 14th. The shares were 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 directly owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,007 shares of company stock worth $8,824,653 in the last 90 days. Company insiders own 0.08% of the company’s stock.

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.