Citigroup Inc. (NYSE:C) Shares Bought by Boothe Investment Group Inc.

Boothe Investment Group Inc. increased its stake in Citigroup Inc. (NYSE:C) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,739 shares of the company’s stock after purchasing an additional 456 shares during the period. Citigroup makes up 3.7% of Boothe Investment Group Inc.’s holdings, making the stock its 8th biggest holding. Boothe Investment Group Inc.’s holdings in Citigroup were worth $8,428,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Equity Group Inc. grew its holdings in shares of Citigroup by 3.3% during the fourth quarter. World Equity Group Inc. now owns 11,980 shares of the company’s stock worth $843,000 after purchasing an additional 378 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Citigroup by 1.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 327,864 shares of the company’s stock worth $23,078,000 after acquiring an additional 6,000 shares during the period. Delta Financial Group Inc. acquired a new position in shares of Citigroup in the fourth quarter worth approximately $342,000. Spectrum Financial Alliance Ltd LLC lifted its stake in shares of Citigroup by 1.5% in the fourth quarter. Spectrum Financial Alliance Ltd LLC now owns 578,323 shares of the company’s stock worth $40,708,000 after acquiring an additional 8,450 shares during the period. Finally, MONECO Advisors LLC lifted its stake in shares of Citigroup by 14.9% in the fourth quarter. MONECO Advisors LLC now owns 6,544 shares of the company’s stock worth $461,000 after acquiring an additional 848 shares during the period. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 2.1 %

Shares of Citigroup stock opened at $79.65 on Monday. The stock has a fifty day moving average price of $76.80 and a 200-day moving average price of $68.65. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The firm has a market cap of $150.63 billion, a PE ratio of 13.39, a P/E/G ratio of 0.64 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup (NYSE:C) last announced 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. 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 analyst estimates of $19.51 billion. During the same quarter last year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 2.81%. Citigroup’s dividend payout ratio is currently 37.65%.

Citigroup announced that its board has authorized a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to buy up to 13.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on C. Oppenheimer dropped their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on Citigroup from $104.00 to $109.00 and gave the company an “overweight” 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. Keefe, Bruyette & Woods upped their target price on Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their target price on Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twelve 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 a consensus target price of $83.93.

Insiders Place Their Bets

In related news, COO Anand Selvakesari sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was 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 owns 229,180 shares in the company, valued at $18,586,498. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sara Wechter sold 15,125 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 103,590 shares of company stock worth $8,523,149 in the last quarter. 0.08% of the stock is owned by company insiders.

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.