Citigroup Inc. (NYSE:C) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. cut its stake in shares of Citigroup Inc. (NYSE:C) by 88.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,118 shares of the company’s stock after selling 8,309 shares during the period. Johnson Financial Group Inc.’s holdings in Citigroup were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in C. Boothbay Fund Management LLC increased its holdings in shares of Citigroup by 170.4% in the 4th quarter. Boothbay Fund Management LLC now owns 139,840 shares of the company’s stock valued at $9,843,000 after acquiring an additional 88,126 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Citigroup in the fourth quarter valued at approximately $36,444,000. Coldstream Capital Management Inc. raised its holdings in Citigroup by 24.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 26,488 shares of the company’s stock worth $1,864,000 after purchasing an additional 5,256 shares in the last quarter. Capital Analysts LLC lifted its position in shares of Citigroup by 1.7% during the 4th quarter. Capital Analysts LLC now owns 226,428 shares of the company’s stock worth $15,938,000 after buying an additional 3,824 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Citigroup in the 4th quarter valued at $23,141,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Citigroup Trading Down 0.3 %

Shares of Citigroup stock opened at $68.25 on Tuesday. The firm has a market cap of $128.46 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company’s 50-day simple moving average is $69.07 and its 200-day simple moving average is $71.17. 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 released its earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup declared that its Board of Directors has authorized a share buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, May 5th. Citigroup’s dividend payout ratio (DPR) is currently 35.39%.

Insiders Place Their Bets

In other Citigroup news, insider Sara Wechter sold 15,125 shares of the company’s stock in a transaction 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 sale, the insider now owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 229,180 shares of the company’s stock, valued at approximately $18,586,498. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,590 shares of company stock worth $8,523,149. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target 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. StockNews.com cut Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Evercore ISI cut their price target on Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Piper Sandler reissued an “overweight” rating and issued a $77.00 price objective (down from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.04.

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.