Sound View Wealth Advisors Group LLC Has $539,000 Stake in Citigroup Inc. (NYSE:C)

Sound View Wealth Advisors Group LLC lifted its holdings in Citigroup Inc. (NYSE:C) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,662 shares of the company’s stock after acquiring an additional 705 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Citigroup were worth $539,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ruffer LLP raised its stake in shares of Citigroup by 4.3% in the fourth quarter. Ruffer LLP now owns 3,501,834 shares of the company’s stock worth $246,497,000 after acquiring an additional 145,767 shares during the last quarter. Jackson Hole Capital Partners LLC increased its holdings in shares of Citigroup by 1.4% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 63,705 shares of the company’s stock valued at $4,484,000 after purchasing an additional 875 shares in the last quarter. OFI Invest Asset Management bought a new position in Citigroup in the 4th quarter worth approximately $69,000. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Citigroup by 1.6% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock worth $608,000 after buying an additional 135 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its position in Citigroup by 11.2% in the 4th quarter. Personal CFO Solutions LLC now owns 11,856 shares of the company’s stock valued at $835,000 after buying an additional 1,195 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Performance

C stock opened at $70.55 on Monday. Citigroup Inc. has a 1-year low of $53.51 and a 1-year 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 firm has a market cap of $132.94 billion, a PE ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.43. The business’s 50-day moving average price is $77.90 and its two-hundred day moving average price is $69.78.

Citigroup (NYSE:C) last released its quarterly earnings data 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 return on equity of 6.62% and a net margin of 7.43%. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. During the same quarter in the previous year, the business posted $0.84 EPS. Citigroup’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup’s dividend payout ratio is 37.65%.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Bank of America upped their target price on shares of Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Piper Sandler restated an “overweight” rating and issued a $83.00 price objective (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Finally, 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 research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Insider Buying and Selling

In other Citigroup 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 transaction of $1,225,276.25. Following the completion of the transaction, the insider now owns 109,780 shares of the company’s stock, valued at $8,893,277.80. This represents a 12.11 % decrease in their position. The transaction was disclosed in a legal 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 completion of the sale, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents 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 worth $8,523,149 over the last ninety days. Company insiders own 0.08% of the company’s stock.

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.