Citigroup Inc. (NYSE:C) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. reduced its position in Citigroup Inc. (NYSE:C) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,317 shares of the company’s stock after selling 359 shares during the quarter. FDx Advisors Inc.’s holdings in Citigroup were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of C. Aspen Investment Management Inc acquired a new position in shares of Citigroup during the 4th quarter valued at $203,000. Citizens National Bank Trust Department raised its position in Citigroup by 4,076.8% in the fourth quarter. Citizens National Bank Trust Department now owns 14,201 shares of the company’s stock valued at $1,000,000 after purchasing an additional 13,861 shares during the period. Hussman Strategic Advisors Inc. lifted its stake in shares of Citigroup by 25.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the company’s stock worth $3,695,000 after purchasing an additional 10,500 shares in the last quarter. Zullo Investment Group Inc. boosted its position in shares of Citigroup by 5.9% in the fourth quarter. Zullo Investment Group Inc. now owns 5,095 shares of the company’s stock worth $359,000 after buying an additional 283 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Citigroup by 14.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 17,475 shares of the company’s stock valued at $1,230,000 after buying an additional 2,149 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Insider Activity

In related news, CFO Mark Mason sold 58,465 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was 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 owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 103,590 shares of company stock valued at $8,523,149. Company insiders own 0.08% of the company’s stock.

Citigroup Trading Down 2.1 %

Shares of NYSE C opened at $79.65 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The stock’s 50 day moving average price is $76.80 and its two-hundred day moving average price is $68.48. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The stock has a market capitalization of $150.63 billion, a P/E ratio of 13.39, a PEG ratio of 0.66 and a beta of 1.44.

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

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

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be given a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.81%. Citigroup’s payout ratio is currently 37.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer reduced their target price on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Truist Financial started coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 price target for the company. Bank of America lifted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.93.

About Citigroup

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.