Callan Family Office LLC Buys New Position in Citigroup Inc. (NYSE:C)

Callan Family Office LLC purchased a new stake in Citigroup Inc. (NYSE:C) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,745 shares of the company’s stock, valued at approximately $897,000.

A number of other hedge funds and other institutional investors have also modified their holdings of C. Swedbank AB boosted its position in shares of Citigroup by 1.3% in the 3rd quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock valued at $274,115,000 after purchasing an additional 54,782 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of 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 purchasing an additional 2,043 shares during the period. Portside Wealth Group LLC boosted its position in shares of 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 purchasing an additional 1,992 shares during the period. Summit Global Investments boosted its position in shares of 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 purchasing an additional 22,774 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Citigroup in the 3rd quarter valued at $143,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Evercore ISI increased their price objective on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.93.

Citigroup Stock Down 0.0 %

Shares of C stock opened at $70.55 on Friday. The stock’s 50 day simple moving average is $77.90 and its 200 day simple moving average is $69.72. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a market capitalization of $132.94 billion, a price-to-earnings ratio of 11.86, a PEG 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, beating analysts’ consensus estimates 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 the consensus estimate of $19.51 billion. During the same period last year, the business earned $0.84 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

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

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

Insider Activity at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the firm’s stock in a transaction that occurred 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 owns 217,331 shares of the company’s stock, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Anand Selvakesari sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the completion of the sale, the chief operating officer now directly owns 229,180 shares in the company, valued at $18,586,498. This trade represents a 11.57 % decrease in their position. 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. Corporate 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.