Citigroup Inc. $C Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Citigroup Inc. (NYSE:C) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 574,835 shares of the company’s stock after buying an additional 19,453 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Citigroup were worth $67,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wolff Wiese Magana LLC boosted its position in shares of Citigroup by 87.6% during the 3rd quarter. Wolff Wiese Magana LLC now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 120 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Citigroup by 92.2% in the third quarter. Dunhill Financial LLC now owns 319 shares of the company’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Guerra Advisors Inc acquired a new stake in Citigroup during the third quarter worth about $33,000. GoalVest Advisory LLC increased its position in Citigroup by 57.2% during the fourth quarter. GoalVest Advisory LLC now owns 393 shares of the company’s stock worth $46,000 after purchasing an additional 143 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Citigroup during the third quarter worth about $40,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Market rumors that Citigroup was weighing a U.S. regional?bank acquisition sparked a selloff but the bank publicly called the reports baseless; the denial and management’s reaffirmation of its organic?growth strategy helped calm buyers and likely contributed to the rebound in the share price. QuiverQuant: Citigroup Stock Opinions
• Positive Sentiment: Analyst coverage remains constructive overall: the consensus of recent analyst notes shows multiple buy/overweight ratings and a median 12?month target near ~$131, providing a supportive research backdrop even as price targets are being adjusted. (This helps explain why dips have found buyers.) QuiverQuant: Analyst & target summary
• Neutral Sentiment: Press reports note management is exploring next strategic moves under CEO Jane Fraser — including speculative interest in regional deals — which could be growth?positive long term but would bring execution and regulatory risk if pursued. The Star: Citigroup eyes regional bank deal
• Neutral Sentiment: Small, technical disclosure: Citigroup group entities ceased to be substantial holders in Australia’s Mayne Pharma — a housekeeping/regulatory filing with negligible operational impact on Citi. TipRanks: Substantial holder notice
• Negative Sentiment: Insider selling (multiple exec sales reported) and large institutional reductions disclosed in recent filings are a cautionary signal for some investors—these disclosures have been highlighted in market commentary and can amplify short?term downside on weak news. QuiverQuant: Insider & institutional activity
• Negative Sentiment: Oppenheimer trimmed its price target for Citigroup to $132 — a modest downtick that may temper upside for some investors and feed short?term headlines, though the new target remains within the range of street estimates. AmericanBankingNews: Oppenheimer cuts target

Insider Buying and Selling

In other news, insider Cantu Ernesto Torres sold 43,173 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $111.09, for a total transaction of $4,796,088.57. Following the completion of the transaction, the insider directly owned 45,835 shares in the company, valued at $5,091,810.15. This trade represents a 48.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.08% of the stock is owned by company insiders.

Citigroup Trading Up 5.7%

Shares of C stock opened at $113.36 on Wednesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $125.16. The firm has a market cap of $198.31 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. The company has a 50-day moving average of $112.68 and a two-hundred day moving average of $108.36. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.00 and a quick ratio of 1.00.

Citigroup (NYSE:C) last released its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a net margin of 8.50% and a return on equity of 8.28%. The business had revenue of $19.87 billion for the quarter, compared to the consensus estimate of $20.99 billion. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. On average, analysts predict that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s payout ratio is presently 34.43%.

Analyst Ratings Changes

C has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $132.00 target price on shares of Citigroup in a report on Thursday, January 15th. HSBC reaffirmed a “buy” rating and set a $87.00 price target on shares of Citigroup in a research report on Wednesday, January 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $121.00 price objective on shares of Citigroup in a report on Thursday, January 15th. Jefferies Financial Group initiated coverage on Citigroup in a research report on Thursday, March 26th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Truist Financial raised their target price on Citigroup from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.00.

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.