Callan Family Office LLC Invests $897,000 in Citigroup Inc. (NYSE:C)

Callan Family Office LLC acquired a new position in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, Holdings Channel.com reports. The fund acquired 12,745 shares of the company’s stock, valued at approximately $897,000.

Several other institutional investors also recently modified their holdings of C. Swedbank AB grew its holdings in shares of Citigroup by 1.3% during the 3rd quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock worth $274,115,000 after purchasing an additional 54,782 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Citigroup by 15.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,326 shares of the company’s stock valued at $959,000 after buying an additional 2,043 shares in the last quarter. Portside Wealth Group LLC boosted its stake in Citigroup by 13.0% in the 3rd quarter. Portside Wealth Group LLC now owns 17,371 shares of the company’s stock valued at $1,087,000 after buying an additional 1,992 shares in the last quarter. Summit Global Investments boosted its stake in Citigroup by 289.5% in the 3rd quarter. Summit Global Investments now owns 30,640 shares of the company’s stock valued at $1,918,000 after buying an additional 22,774 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Citigroup in the 3rd quarter valued at $143,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Trading Down 0.0 %

C stock opened at $70.55 on Friday. The company has a market cap of $132.94 billion, a P/E ratio of 11.86, a PEG ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $77.90 and a 200-day moving average of $69.72.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The company had revenue of $19.58 billion during 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%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup announced that its Board of Directors has approved a share repurchase program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.18%. Citigroup’s payout ratio is currently 37.65%.

Insider Transactions at Citigroup

In related news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.10, for a total transaction of $2,433,000.00. Following the completion of the sale, the chief operating officer now directly owns 229,180 shares of the company’s stock, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Mason sold 58,465 shares of Citigroup stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following 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 trade represents a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,590 shares of company stock worth $8,523,149 over the last 90 days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on C shares. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $95.00 in a research note on Monday, January 6th. StockNews.com raised Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods boosted their price target on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Bank of America boosted their price target on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (up previously from $80.00) on shares of Citigroup in a research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

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.