Citigroup Inc. (NYSE:C) Shares Bought by AllSquare Wealth Management LLC

AllSquare Wealth Management LLC grew its holdings in shares of Citigroup Inc. (NYSE:C) by 77.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,748 shares of the company’s stock after buying an additional 1,200 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Citigroup were worth $193,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB raised its holdings in Citigroup by 1.3% during the third quarter. Swedbank AB now owns 4,378,833 shares of the company’s stock worth $274,115,000 after purchasing an additional 54,782 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Citigroup by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 145,663 shares of the company’s stock valued at $9,118,000 after buying an additional 3,482 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Citigroup by 2.8% in the third quarter. Pathstone Holdings LLC now owns 149,742 shares of the company’s stock valued at $9,374,000 after buying an additional 4,051 shares during the period. PNC Financial Services Group Inc. boosted its stake in Citigroup by 1.4% during the third quarter. PNC Financial Services Group Inc. now owns 373,148 shares of the company’s stock valued at $23,359,000 after buying an additional 5,303 shares in the last quarter. Finally, Commerce Bank grew its holdings in Citigroup by 1.5% during the third quarter. Commerce Bank now owns 220,244 shares of the company’s stock worth $13,787,000 after acquiring an additional 3,290 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Insider Activity at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the transaction, the insider now owns 109,780 shares of the company’s stock, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 of the company’s stock, valued at approximately $18,586,498. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is owned by corporate insiders.

Citigroup Stock Up 0.5 %

Citigroup stock opened at $71.80 on Friday. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $84.74. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $135.31 billion, a PE ratio of 12.07, a P/E/G ratio of 0.64 and a beta of 1.43. The firm’s 50 day moving average price is $77.45 and its two-hundred day moving average price is $70.13.

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

Citigroup announced that its board has initiated a stock buyback program on Wednesday, January 15th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.56 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 3.12%. Citigroup’s dividend payout ratio is 37.65%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on C. Oppenheimer cut their price target on shares of Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Bank of America raised their target price on shares of Citigroup from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Evercore ISI upped their price target on Citigroup from $69.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.53.

Citigroup Company 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.