Nebula Research & Development LLC Has $1.44 Million Stake in Citigroup Inc. (NYSE:C)

Nebula Research & Development LLC reduced its holdings in Citigroup Inc. (NYSE:C) by 35.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,478 shares of the company’s stock after selling 11,247 shares during the quarter. Nebula Research & Development LLC’s holdings in Citigroup were worth $1,441,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $23,141,000. Voya Investment Management LLC increased its stake in shares of Citigroup by 7.0% in the 4th quarter. Voya Investment Management LLC now owns 4,870,036 shares of the company’s stock valued at $342,802,000 after buying an additional 317,953 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Citigroup by 4.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 115,447 shares of the company’s stock worth $8,126,000 after acquiring an additional 5,333 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Citigroup by 12.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,024,286 shares of the company’s stock valued at $142,489,000 after acquiring an additional 226,000 shares during the period. Finally, Syon Capital LLC bought a new position in Citigroup in the fourth quarter valued at about $595,000. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on C shares. Morgan Stanley reduced their target price on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. StockNews.com cut Citigroup from a “buy” rating to a “hold” rating in a research note on Sunday, March 30th. Evercore ISI reduced their target price on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a report on Tuesday, April 1st. Finally, Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.61.

Citigroup Trading Up 0.5 %

Citigroup stock opened at $68.47 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 firm has a 50-day moving average of $69.38 and a 200-day moving average of $71.05. The company has a market cap of $128.88 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion for the quarter, compared to analysts’ expectations of $21.34 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Citigroup announced that its board has authorized a share repurchase plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the business’s 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 sale, the chief financial officer now directly 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 the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,590 shares of company stock worth $8,523,149 over the last 90 days. Company insiders own 0.08% of the company’s stock.

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.