B. Metzler seel. Sohn & Co. AG Has $7.94 Million Stock Holdings in Citigroup Inc. (NYSE:C)

B. Metzler seel. Sohn & Co. AG lessened its holdings in Citigroup Inc. (NYSE:C) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,849 shares of the company’s stock after selling 3,558 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Citigroup were worth $7,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Counselors Inc. raised its stake in Citigroup by 11.3% during the third quarter. Financial Counselors Inc. now owns 3,668 shares of the company’s stock worth $230,000 after acquiring an additional 372 shares in the last quarter. Martingale Asset Management L P bought a new position in Citigroup during the 3rd quarter valued at about $316,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Citigroup in the third quarter valued at about $919,000. Azora Capital LP bought a new stake in Citigroup during the third quarter worth about $16,163,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of Citigroup by 1,188.9% during the third quarter. Benjamin Edwards Inc. now owns 11,561 shares of the company’s stock worth $724,000 after buying an additional 10,664 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Up 1.1 %

Shares of Citigroup stock opened at $71.08 on Tuesday. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The business has a fifty day simple moving average of $76.88 and a 200 day simple moving average of $70.91. 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 stock has a market cap of $133.78 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 EPS 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 company had revenue of $19.58 billion during the quarter, compared to analysts’ expectations of $19.51 billion. During the same period in the prior year, the business posted $0.84 EPS. Citigroup’s revenue was up 12.3% on a year-over-year basis. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The company also recently declared 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 3.15%. Citigroup’s dividend payout ratio is 37.65%.

Citigroup announced that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on C shares. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $80.00) on shares of Citigroup in a research report on Thursday, January 16th. Bank of America raised their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Evercore ISI raised their price objective on shares of Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, January 16th. Finally, StockNews.com cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity

In related news, COO Anand Selvakesari sold 30,000 shares of the stock in a transaction that occurred 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 approximately $18,586,498. This represents a 11.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock valued at $8,523,149 in the last quarter. Company insiders own 0.08% of the company’s stock.

Citigroup 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.