Citigroup Inc. (NYSE:C) Shares Acquired by Mystic Asset Management Inc.

Mystic Asset Management Inc. boosted its holdings in Citigroup Inc. (NYSE:C) by 26.3% during the fourth quarter, HoldingsChannel reports. The fund owned 28,950 shares of the company’s stock after buying an additional 6,037 shares during the period. Mystic Asset Management Inc.’s holdings in Citigroup were worth $2,038,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its position in shares of Citigroup by 1.3% during 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 last quarter. Empowered Funds LLC boosted its position in shares of Citigroup by 9.7% during the 3rd quarter. Empowered Funds LLC now owns 41,171 shares of the company’s stock worth $2,577,000 after purchasing an additional 3,630 shares during the period. Claro Advisors LLC increased its holdings in Citigroup by 18.5% in the 3rd quarter. Claro Advisors LLC now owns 12,559 shares of the company’s stock valued at $786,000 after purchasing an additional 1,965 shares during the last quarter. Thrivent Financial for Lutherans raised its position in 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 purchasing an additional 3,482 shares during the period. Finally, Aljian Capital Management LLC purchased a new stake in Citigroup in the third quarter valued at approximately $1,522,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Price Performance

Citigroup stock opened at $69.96 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $77.58 and a 200-day simple moving average of $70.06. The stock has a market cap of $131.84 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.12. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Equities analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 3rd were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays raised Citigroup from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $95.00 in a research note on Monday, January 6th. Bank of America lifted their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their price target on shares of Citigroup from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of Citigroup from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Oppenheimer cut their target price 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Citigroup presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Insider Buying and Selling at Citigroup

In other news, insider Sara Wechter sold 15,125 shares of Citigroup 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 sale, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anand Selvakesari sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were 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 directly 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. Insiders have sold 103,590 shares of company stock worth $8,523,149 over the last three months. Insiders own 0.08% of the company’s stock.

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.