Regal Investment Advisors LLC Has $259,000 Holdings in Citigroup Inc. (NYSE:C)

Regal Investment Advisors LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,686 shares of the company’s stock after selling 792 shares during the quarter. Regal Investment Advisors LLC’s holdings in Citigroup were worth $259,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Core Alternative Capital boosted its stake in shares of Citigroup by 83.4% in the 4th quarter. Core Alternative Capital now owns 376 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Webster Bank N. A. boosted its position in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup during the 4th quarter worth about $35,000. Sierra Ocean LLC bought a new position in shares of Citigroup in the 4th quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Citigroup in the 4th quarter valued at about $39,000. 71.72% of the stock is owned by institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, 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 sale, the insider now owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Mason sold 58,465 shares of the 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 transaction, the chief financial officer now directly owns 217,331 shares of the company’s stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock worth $8,523,149 in the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Royal Bank of Canada decreased their price target on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley cut their price objective on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America reduced their target price on Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.61.

Citigroup Trading Up 1.8 %

Shares of Citigroup stock opened at $63.23 on Friday. The company has a market capitalization of $119.01 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The stock has a fifty day simple moving average of $71.47 and a 200 day simple moving average of $70.91. 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.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $21.34 billion. On average, sell-side analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup declared that its board has authorized a stock repurchase program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 annualized dividend and a dividend yield of 3.54%. Citigroup’s dividend payout ratio is currently 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.