Citigroup Inc. $C Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its stake in shares of Citigroup Inc. (NYSE:C) by 322.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,669 shares of the company’s stock after buying an additional 11,959 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Citigroup were worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp grew its holdings in Citigroup by 1.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 148,118 shares of the company’s stock valued at $17,284,000 after buying an additional 1,481 shares during the period. Community Bank N.A. grew its holdings in shares of Citigroup by 10.0% during the 4th quarter. Community Bank N.A. now owns 1,096 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares during the period. World Investment Advisors grew its holdings in shares of Citigroup by 24.3% during the 4th quarter. World Investment Advisors now owns 125,531 shares of the company’s stock worth $14,648,000 after purchasing an additional 24,530 shares during the period. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Citigroup by 1.1% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 38,722 shares of the company’s stock worth $4,518,000 after purchasing an additional 430 shares during the period. Finally, OFC Financial Planning LLC grew its holdings in shares of Citigroup by 6.1% during the 4th quarter. OFC Financial Planning LLC now owns 8,632 shares of the company’s stock worth $1,007,000 after purchasing an additional 496 shares during the period. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C opened at $124.10 on Thursday. The business’s 50 day moving average is $118.98 and its two-hundred day moving average is $113.79. Citigroup Inc. has a 52-week low of $71.65 and a 52-week high of $135.29. The firm has a market cap of $211.66 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.57 and a beta of 1.14. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The firm had revenue of $24.63 billion during the quarter, compared to the consensus estimate of $22.96 billion. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Analysts forecast that Citigroup Inc. will post 10.65 EPS for the current fiscal year.

Citigroup declared that its board has authorized a share buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a $0.60 dividend. The ex-dividend date is Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. Citigroup’s dividend payout ratio is 29.74%.

Insider Activity

In related news, insider Cantu Ernesto Torres sold 43,173 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total value of $4,796,088.57. Following the completion of the transaction, the insider owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Skyler sold 25,000 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $131.41, for a total value of $3,285,250.00. Following the completion of the transaction, the insider owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This trade represents a 12.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 94,435 shares of company stock worth $11,030,074 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

C has been the subject of a number of research reports. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $139.00 price target on shares of Citigroup in a research report on Wednesday, April 15th. Oppenheimer reissued an “outperform” rating and set a $145.00 price target on shares of Citigroup in a research report on Friday, May 8th. Finally, Barclays boosted their price target on Citigroup from $146.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.62.

More Citigroup News

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s recent earnings beat, stronger revenue, and higher profitability are reinforcing the case for the bank’s capital-return story, including its newly announced $30 billion share buyback, which signals management confidence and could help support the stock. What’s Fueling Citigroup’s Robust Capital Return Strategy?
• Positive Sentiment: Citigroup’s own market commentary and M&A-related media appearance keep the firm visible as a major Wall Street franchise, though this is more of a branding/leadership item than a direct earnings catalyst. AI Good for Media IP: Citigroup’s Mohr
• Neutral Sentiment: The company also disclosed routine participation notifications and an insider transaction tied to director John Cunningham Dugan, but the sale was relatively small and does not appear to materially change the long-term outlook. SEC Director Sale Filing
• Negative Sentiment: Director John Cunningham Dugan sold 2,117 shares of Citigroup stock, which can create a slight overhang on sentiment even though the transaction was not large relative to the company’s size. Insider Selling: Citigroup (NYSE:C) Director Sells 2,117 Shares of Stock

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.