Citigroup Inc. (NYSE:C) Holdings Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Citigroup Inc. (NYSE:C) by 189.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 137,218 shares of the company’s stock after purchasing an additional 89,834 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Citigroup were worth $9,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in C. Advisory Resource Group raised its stake in Citigroup by 3.7% during the third quarter. Advisory Resource Group now owns 72,947 shares of the company’s stock worth $4,566,000 after acquiring an additional 2,590 shares during the period. Te Ahumairangi Investment Management Ltd raised its position in shares of Citigroup by 6.7% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 202,691 shares of the company’s stock worth $12,617,000 after purchasing an additional 12,810 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Citigroup by 24.4% in the 3rd quarter. Anchor Investment Management LLC now owns 2,557 shares of the company’s stock worth $160,000 after purchasing an additional 501 shares during the last quarter. World Investment Advisors LLC boosted its position in Citigroup by 36.6% during the 3rd quarter. World Investment Advisors LLC now owns 21,527 shares of the company’s stock valued at $1,348,000 after purchasing an additional 5,763 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Citigroup by 432.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 38,191 shares of the company’s stock worth $2,391,000 after buying an additional 31,020 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value 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. This trade represents a 21.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the business’s stock in a transaction dated 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 owns 229,180 shares in the company, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is owned by insiders.

Citigroup Trading Up 1.8 %

Shares of Citigroup stock opened at $63.23 on Friday. The business has a fifty day simple moving average of $71.12 and a 200-day simple moving average of $70.98. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The firm has a market cap of $119.01 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share 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 company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. On average, equities analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

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

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Monday, May 5th. Citigroup’s payout ratio is 35.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on C shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 target price (down from $96.00) on shares of Citigroup in a research note on Wednesday. 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. StockNews.com cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Oppenheimer cut their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Bank of America decreased their price objective on Citigroup from $90.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.61.

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.