Graham Capital Management L.P. Has $4.48 Million Position in Citigroup Inc. (NYSE:C)

Graham Capital Management L.P. lessened its holdings in shares of Citigroup Inc. (NYSE:C) by 79.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,593 shares of the company’s stock after selling 239,898 shares during the period. Graham Capital Management L.P.’s holdings in Citigroup were worth $4,476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Core Alternative Capital raised its holdings in Citigroup by 83.4% in the fourth quarter. Core Alternative Capital now owns 376 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the period. Webster Bank N. A. increased its position in shares of Citigroup by 150.0% in the 4th quarter. Webster Bank N. A. now owns 500 shares of the company’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup during the 4th quarter worth $35,000. Sierra Ocean LLC bought a new position in Citigroup during the fourth quarter worth about $37,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in Citigroup in the fourth quarter valued at about $39,000. Institutional investors own 71.72% of the company’s stock.

Insider Activity

In other news, CFO Mark Mason sold 58,465 shares of the company’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 transaction, the chief financial officer now owns 217,331 shares of the company’s stock, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Cunningham Dugan sold 4,417 shares of the business’s stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the completion of the sale, the director now owns 13,048 shares of the company’s stock, valued at $890,656.48. This trade represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,007 shares of company stock valued at $8,824,653 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on C. Oppenheimer raised their price target on Citigroup from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (down from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Evercore ISI reduced their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. StockNews.com cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Finally, JPMorgan Chase & Co. lowered their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.04.

Citigroup Stock Performance

Shares of C stock opened at $71.39 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $67.56 and a two-hundred day moving average price of $71.46. The stock has a market cap of $134.37 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.64 and a beta of 1.30. Citigroup Inc. has a one year low of $53.51 and a one year high of $84.74.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm had revenue of $21.60 billion for the quarter, compared to the consensus estimate of $21.34 billion. As a group, equities analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup declared that its Board of Directors has initiated a share buyback program on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 13.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.14%. Citigroup’s dividend payout ratio (DPR) is 35.39%.

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.