Mark Mason Sells 58,465 Shares of Citigroup Inc. (NYSE:C) Stock

Citigroup Inc. (NYSE:C) CFO Mark Mason sold 58,465 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the sale, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Citigroup Stock Performance

Shares of C opened at $81.32 on Friday. The stock has a 50 day moving average price of $76.63 and a 200 day moving average price of $68.32. 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 company has a market capitalization of $153.79 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. Citigroup Inc. has a 52-week low of $53.51 and a 52-week high of $84.74.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The firm had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Research analysts predict that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, February 3rd. Citigroup’s payout ratio is currently 37.65%.

Citigroup announced that its board has authorized a stock buyback plan on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

C has been the topic of a number of recent research reports. Bank of America boosted their price target on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer cut their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Truist Financial initiated coverage on shares of Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Citigroup from $77.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Evercore ISI upped their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Institutional Investors Weigh In On Citigroup

Several large investors have recently modified their holdings of C. AMF Tjanstepension AB acquired a new stake in shares of Citigroup in the third quarter valued at approximately $4,607,000. Creative Planning boosted its holdings in shares of Citigroup by 0.6% in the third quarter. Creative Planning now owns 381,362 shares of the company’s stock valued at $23,873,000 after acquiring an additional 2,372 shares during the period. Swedbank AB boosted its holdings in shares of Citigroup by 1.3% in the third quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock valued at $274,115,000 after acquiring an additional 54,782 shares during the period. Blue Trust Inc. boosted its holdings in shares of Citigroup by 86.9% in the third quarter. Blue Trust Inc. now owns 13,600 shares of the company’s stock valued at $863,000 after acquiring an additional 6,325 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Citigroup by 4.8% in the third quarter. First Citizens Bank & Trust Co. now owns 5,418 shares of the company’s stock valued at $339,000 after acquiring an additional 246 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

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.