Citigroup Inc. (NYSE:C) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC decreased its holdings in Citigroup Inc. (NYSE:C) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,082 shares of the company’s stock after selling 2,274 shares during the period. Good Life Advisors LLC’s holdings in Citigroup were worth $921,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of C. Legacy Solutions LLC purchased a new position in shares of Citigroup during the 4th quarter worth $263,000. Werba Rubin Papier Wealth Management purchased a new position in Citigroup during the fourth quarter worth about $232,000. Global Retirement Partners LLC grew its stake in shares of Citigroup by 160.3% in the 4th quarter. Global Retirement Partners LLC now owns 30,705 shares of the company’s stock valued at $2,161,000 after buying an additional 18,907 shares during the period. Klingman & Associates LLC increased its holdings in shares of Citigroup by 21.4% during the 4th quarter. Klingman & Associates LLC now owns 3,879 shares of the company’s stock worth $273,000 after buying an additional 684 shares during the last quarter. Finally, Mcdonald Partners LLC raised its position in shares of Citigroup by 17.0% during the 4th quarter. Mcdonald Partners LLC now owns 25,009 shares of the company’s stock valued at $1,760,000 after buying an additional 3,640 shares during the period. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Sara Wechter sold 15,125 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the transaction, the insider now directly owns 109,780 shares of the company’s stock, valued at $8,893,277.80. This represents a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock worth $8,523,149 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on C. Keefe, Bruyette & Woods raised their target price on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Oppenheimer reduced their price objective on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Bank of America increased their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Evercore ISI boosted their price target on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company increased their price objective on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Down 0.8 %

Shares of NYSE C opened at $83.94 on Thursday. The stock has a market cap of $158.74 billion, a P/E ratio of 14.11, a PEG ratio of 0.67 and a beta of 1.44. The business’s fifty day simple moving average is $76.43 and its 200-day simple moving average is $68.23. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. Citigroup’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup announced that its Board of Directors has approved a stock buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.67%. Citigroup’s dividend payout ratio is currently 37.65%.

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.