3,244 Shares in Citigroup Inc. (NYSE:C) Acquired by Aire Advisors LLC

Aire Advisors LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,244 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its stake in Citigroup by 22.3% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 121,244 shares of the company’s stock valued at $8,534,000 after purchasing an additional 22,072 shares during the period. Baxter Bros Inc. bought a new position in Citigroup in the 4th quarter worth about $219,000. Bay Capital Advisors LLC purchased a new stake in Citigroup in the 4th quarter worth approximately $330,000. First American Trust FSB boosted its stake in Citigroup by 0.6% during the fourth quarter. First American Trust FSB now owns 214,880 shares of the company’s stock valued at $15,125,000 after buying an additional 1,375 shares during the period. Finally, TIAA Trust National Association grew its holdings in shares of Citigroup by 1.0% during the fourth quarter. TIAA Trust National Association now owns 16,078 shares of the company’s stock worth $1,132,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on C. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Oppenheimer decreased their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. 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 note on Tuesday, January 7th. Truist Financial started coverage on shares of Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target for the company. Finally, Evercore ISI raised their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average price target of $83.53.

Insiders Place Their Bets

In other Citigroup news, 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 transaction of $2,433,000.00. Following the completion of the transaction, the chief operating officer now directly owns 229,180 shares of the company’s stock, valued at $18,586,498. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Mason sold 58,465 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 217,331 shares of the company’s stock, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,590 shares of company stock valued at $8,523,149. Insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of C stock opened at $74.12 on Tuesday. 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 Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The stock has a market capitalization of $139.67 billion, a PE ratio of 12.46, a P/E/G ratio of 0.64 and a beta of 1.43. The firm has a 50 day moving average of $77.48 and a two-hundred day moving average of $70.42.

Citigroup (NYSE:C) last announced its quarterly earnings data on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Citigroup’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Monday, February 3rd. Citigroup’s payout ratio is 37.65%.

Citigroup declared that its board has approved a stock repurchase plan 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 plans are often an indication that the company’s leadership believes its stock is 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.