Wayfinding Financial LLC Takes $250,000 Position in Citigroup Inc. (NYSE:C)

Wayfinding Financial LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,559 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AllSquare Wealth Management LLC raised its holdings in Citigroup by 77.5% in the 4th quarter. AllSquare Wealth Management LLC now owns 2,748 shares of the company’s stock worth $193,000 after purchasing an additional 1,200 shares during the period. DCF Advisers LLC raised its holdings in Citigroup by 12.5% in the 4th quarter. DCF Advisers LLC now owns 45,000 shares of the company’s stock worth $3,168,000 after purchasing an additional 5,000 shares during the period. HUB Investment Partners LLC raised its holdings in Citigroup by 36.5% in the 4th quarter. HUB Investment Partners LLC now owns 15,022 shares of the company’s stock worth $1,057,000 after purchasing an additional 4,013 shares during the period. Whittier Trust Co. raised its holdings in Citigroup by 14.6% in the 4th quarter. Whittier Trust Co. now owns 41,212 shares of the company’s stock worth $2,900,000 after purchasing an additional 5,260 shares during the period. Finally, Berkeley Capital Partners LLC raised its holdings in Citigroup by 374.0% in the 4th quarter. Berkeley Capital Partners LLC now owns 23,243 shares of the company’s stock worth $1,636,000 after purchasing an additional 18,339 shares during the period. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 0.5 %

Shares of NYSE C opened at $71.80 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $135.31 billion, a P/E ratio of 12.07, a PEG ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm has a 50-day simple moving average of $77.45 and a two-hundred day simple moving average of $70.13.

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

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

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Monday, February 3rd. Citigroup’s dividend payout ratio is presently 37.65%.

Insider Activity at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the transaction, the chief operating officer now directly owns 229,180 shares of the company’s stock, valued at $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Mason sold 58,465 shares of Citigroup 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 in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % 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 valued at $8,523,149 over the last ninety days. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on C. The Goldman Sachs Group cut their price target on Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley cut their price target on Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Evercore ISI increased their price target on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Bank of America increased their price target on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.53.

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.