Citigroup Inc. (NYSE:C) Stake Lessened by Kintegral Advisory LLC

Kintegral Advisory LLC decreased its position in shares of Citigroup Inc. (NYSE:C) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,380 shares of the company’s stock after selling 3,418 shares during the period. Kintegral Advisory LLC’s holdings in Citigroup were worth $5,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Carl P. Sherr & Co. LLC bought a new stake in Citigroup in the fourth quarter worth about $250,000. Navellier & Associates Inc. boosted its position in shares of Citigroup by 25.7% during the 4th quarter. Navellier & Associates Inc. now owns 15,076 shares of the company’s stock valued at $1,061,000 after purchasing an additional 3,078 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $207,000. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Citigroup by 12.4% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 30,992 shares of the company’s stock worth $2,182,000 after purchasing an additional 3,421 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. lifted its stake in Citigroup by 7.0% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 121,539 shares of the company’s stock valued at $8,555,000 after purchasing an additional 7,902 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Performance

C stock opened at $79.65 on Friday. The firm has a 50 day simple moving average of $76.80 and a 200 day simple moving average of $68.48. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The stock has a market cap of $150.63 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.66 and a beta of 1.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96.

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

Citigroup Dividend Announcement

The company 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 of this dividend is Monday, February 3rd. This represents a $2.24 dividend on an annualized basis and a yield of 2.81%. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

Citigroup declared that its Board of Directors has approved a share buyback plan on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. The Goldman Sachs Group lifted 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. Bank of America boosted their target price on Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Truist Financial assumed coverage on Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target for the company. Finally, Evercore ISI boosted their price objective on Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares in the company, valued at approximately $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sara Wechter sold 15,125 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock valued at $8,523,149 in the last three months. 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.