Bell Investment Advisors Inc Sells 205 Shares of Citigroup Inc. (NYSE:C)

Bell Investment Advisors Inc decreased its stake in shares of Citigroup Inc. (NYSE:C) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,212 shares of the company’s stock after selling 205 shares during the quarter. Bell Investment Advisors Inc’s holdings in Citigroup were worth $85,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sound View Wealth Advisors Group LLC increased its stake in shares of Citigroup by 10.1% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 7,662 shares of the company’s stock worth $539,000 after acquiring an additional 705 shares during the period. Ruffer LLP lifted its holdings in Citigroup by 4.3% during the fourth quarter. Ruffer LLP now owns 3,501,834 shares of the company’s stock valued at $246,497,000 after purchasing an additional 145,767 shares in the last quarter. Jackson Hole Capital Partners LLC lifted its holdings in Citigroup by 1.4% during 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 purchased a new position in Citigroup during the fourth quarter valued at $69,000. Finally, Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Citigroup by 1.6% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 8,637 shares of the company’s stock valued at $608,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 0.0 %

Shares of Citigroup stock opened at $70.55 on Monday. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74. The company has a 50 day moving average of $77.90 and a 200 day moving average of $69.78. 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 company has a market capitalization of $132.94 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last issued its quarterly earnings data 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 business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. Citigroup’s dividend payout ratio is presently 37.65%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays raised shares of Citigroup from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Bank of America raised their price objective on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Evercore ISI raised their price objective on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley lifted their price target on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

Insider Transactions at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now directly owns 109,780 shares of the company’s stock, valued at $8,893,277.80. The trade was a 12.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup 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 in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is currently owned by insiders.

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.