Citigroup Inc. (NYSE:C) Position Trimmed by Tradewinds LLC.

Tradewinds LLC. decreased its holdings in Citigroup Inc. (NYSE:C) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,525 shares of the company’s stock after selling 428 shares during the period. Tradewinds LLC.’s holdings in Citigroup were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Citigroup by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 32,832,063 shares of the company’s stock valued at $2,311,048,000 after purchasing an additional 2,804,850 shares during the last quarter. Family Legacy Inc. raised its stake in shares of Citigroup by 3.3% during the 4th quarter. Family Legacy Inc. now owns 7,007 shares of the company’s stock worth $513,000 after purchasing an additional 227 shares in the last quarter. Summit Financial LLC raised its stake in shares of Citigroup by 9.3% during the 4th quarter. Summit Financial LLC now owns 14,926 shares of the company’s stock worth $1,051,000 after purchasing an additional 1,264 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Citigroup by 6.4% during the 4th quarter. Alliancebernstein L.P. now owns 4,256,282 shares of the company’s stock valued at $299,600,000 after buying an additional 254,264 shares during the last quarter. Finally, AIA Group Ltd grew its stake in shares of Citigroup by 43.9% in the 4th quarter. AIA Group Ltd now owns 100,298 shares of the company’s stock valued at $7,060,000 after buying an additional 30,587 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Trading Down 0.7 %

Shares of Citigroup stock opened at $70.48 on Wednesday. The company has a market cap of $132.66 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.64 and a beta of 1.43. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company’s fifty day simple moving average is $76.66 and its 200-day simple moving average is $71.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.

Citigroup (NYSE:C) last posted its quarterly earnings results 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The company had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. During the same period last year, the business posted $0.84 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 3rd were issued a $0.56 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.24 annualized dividend and a yield of 3.18%. Citigroup’s dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its board has approved a stock buyback program on Wednesday, January 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

C has been the topic of several recent research reports. StockNews.com lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group cut their price target on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. Evercore ISI decreased their price objective on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Oppenheimer decreased their price target on Citigroup from $110.00 to $102.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus target price of $84.29.

Insiders Place Their Bets

In related news, CFO Mark Mason sold 58,465 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 217,331 shares of the company’s stock, valued at $18,084,112.51. This represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction that occurred on 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 sale, the insider now directly owns 109,780 shares in the company, valued at $8,893,277.80. The trade was a 12.11 % 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 worth $8,523,149. 0.08% of the stock is currently owned by company insiders.

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.