Murphy & Mullick Capital Management Corp Buys Shares of 1,096 Citigroup Inc. (NYSE:C)

Murphy & Mullick Capital Management Corp purchased a new position in Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,096 shares of the company’s stock, valued at approximately $77,000.

A number of other large investors also recently modified their holdings of the business. Kingsview Wealth Management LLC lifted its position in Citigroup by 11.1% in the third quarter. Kingsview Wealth Management LLC now owns 16,186 shares of the company’s stock worth $1,013,000 after purchasing an additional 1,619 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Citigroup by 10.9% in the third quarter. Centaurus Financial Inc. now owns 8,594 shares of the company’s stock valued at $538,000 after buying an additional 842 shares during the period. Loomis Sayles & Co. L P boosted its stake in Citigroup by 94.8% during the third quarter. Loomis Sayles & Co. L P now owns 11,954 shares of the company’s stock valued at $748,000 after buying an additional 5,816 shares in the last quarter. Hancock Whitney Corp grew its holdings in Citigroup by 7.4% during the third quarter. Hancock Whitney Corp now owns 5,544 shares of the company’s stock worth $347,000 after acquiring an additional 382 shares during the period. Finally, D.A. Davidson & CO. raised its position in Citigroup by 6.6% in the third quarter. D.A. Davidson & CO. now owns 56,877 shares of the company’s stock worth $3,561,000 after acquiring an additional 3,536 shares in the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Stock Down 1.7 %

Citigroup stock opened at $73.20 on Thursday. The firm’s 50 day moving average price is $77.39 and its two-hundred day moving average price is $70.55. The firm has a market cap of $137.78 billion, a PE ratio of 12.30, a P/E/G ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $53.51 and a twelve month 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 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. The business had revenue of $19.58 billion during 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%. Citigroup’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 3.06%. Citigroup’s dividend payout ratio is 37.65%.

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

Wall Street Analyst Weigh In

C has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up previously from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Bank of America increased their price objective on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Truist Financial initiated coverage on Citigroup in a report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and an average target price of $83.53.

Insider Activity at Citigroup

In related news, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction that occurred 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 directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anand Selvakesari sold 30,000 shares of the company’s 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 directly owns 229,180 shares of the company’s stock, valued at $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is owned by corporate insiders.

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.