Citigroup Inc. (NYSE:C) Shares Purchased by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC boosted its holdings in Citigroup Inc. (NYSE:C) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,162 shares of the company’s stock after acquiring an additional 402 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Citigroup were worth $293,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Citigroup during the 4th quarter valued at $99,000. Summit Global Investments boosted its stake in Citigroup by 104.3% during the 4th quarter. Summit Global Investments now owns 62,604 shares of the company’s stock valued at $4,407,000 after purchasing an additional 31,964 shares in the last quarter. Wayfinding Financial LLC bought a new position in Citigroup during the 4th quarter valued at $250,000. AllSquare Wealth Management LLC boosted its stake in Citigroup by 77.5% during the 4th quarter. AllSquare Wealth Management LLC now owns 2,748 shares of the company’s stock valued at $193,000 after purchasing an additional 1,200 shares in the last quarter. Finally, DCF Advisers LLC boosted its stake in Citigroup by 12.5% during the 4th quarter. DCF Advisers LLC now owns 45,000 shares of the company’s stock valued at $3,168,000 after purchasing an additional 5,000 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Shares of NYSE:C opened at $71.93 on Friday. 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 Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The business has a fifty day simple moving average of $77.46 and a 200 day simple moving average of $70.20. The firm has a market cap of $135.56 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. During the same period last year, the company earned $0.84 earnings per share. Citigroup’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.56 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 3.11%. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

Citigroup announced that its Board of Directors has initiated a stock buyback 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 an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on C shares. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up from $80.00) on shares of Citigroup in a research note on Thursday, January 16th. Finally, Truist Financial began coverage on Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.53.

Insider Buying and Selling at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the transaction, 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 have sold a total of 103,590 shares of company stock worth $8,523,149 over the last three months. Corporate 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.