Citigroup Inc. (NYSE:C) Stock Holdings Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Citigroup Inc. (NYSE:C) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,031,791 shares of the company’s stock after acquiring an additional 97,786 shares during the period. Citigroup makes up 0.5% of Russell Investments Group Ltd.’s holdings, making the stock its 21st largest position. Russell Investments Group Ltd. owned approximately 0.27% of Citigroup worth $354,188,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in shares of Citigroup by 1,188.9% in the third quarter. Benjamin Edwards Inc. now owns 11,561 shares of the company’s stock worth $724,000 after buying an additional 10,664 shares during the last quarter. Holocene Advisors LP acquired a new stake in Citigroup in the third quarter valued at about $1,270,000. HighTower Advisors LLC increased its holdings in Citigroup by 2.4% in the 3rd quarter. HighTower Advisors LLC now owns 354,294 shares of the company’s stock worth $22,236,000 after purchasing an additional 8,301 shares in the last quarter. Janus Henderson Group PLC raised its position in Citigroup by 280.2% during the 3rd quarter. Janus Henderson Group PLC now owns 952,909 shares of the company’s stock worth $59,655,000 after purchasing an additional 702,300 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Citigroup by 41.9% during the third quarter. IHT Wealth Management LLC now owns 17,905 shares of the company’s stock worth $1,116,000 after purchasing an additional 5,285 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on C. Truist Financial decreased their price target on shares of Citigroup from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Morgan Stanley dropped their price objective on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $83.23.

Insider Buying and Selling at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 217,331 shares of the company’s stock, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anand Selvakesari sold 30,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 229,180 shares of the company’s stock, 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. In the last 90 days, insiders have sold 103,590 shares of company stock worth $8,523,149. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Down 8.0 %

Shares of Citigroup stock opened at $58.00 on Friday. The company’s fifty day simple moving average is $75.61 and its two-hundred day simple moving average is $70.95. 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. The company has a market cap of $109.17 billion, a P/E ratio of 9.75, a PEG ratio of 0.64 and a beta of 1.29.

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

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be issued a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.86%. Citigroup’s payout ratio is 37.65%.

Citigroup declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.