Hickory Point Bank & Trust Buys New Holdings in Citigroup Inc. (NYSE:C)

Hickory Point Bank & Trust bought a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,339 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds have also bought and sold shares of C. Swedbank AB lifted its position 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 acquiring an additional 54,782 shares during the last quarter. Principal Securities Inc. lifted its position in Citigroup by 7.0% during the third quarter. Principal Securities Inc. now owns 39,730 shares of the company’s stock worth $2,487,000 after acquiring an additional 2,589 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in Citigroup by 17.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,637 shares of the company’s stock worth $854,000 after acquiring an additional 1,984 shares during the last quarter. Roanoke Asset Management Corp NY lifted its position in Citigroup by 9.4% during the third quarter. Roanoke Asset Management Corp NY now owns 55,614 shares of the company’s stock worth $3,481,000 after acquiring an additional 4,769 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Citigroup by 8.2% during the third quarter. Farther Finance Advisors LLC now owns 22,313 shares of the company’s stock worth $1,397,000 after acquiring an additional 1,683 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Citigroup

In related news, CFO Mark Mason sold 58,465 shares of the business’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 transaction, the chief financial officer now owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total transaction 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. Over the last 90 days, insiders have sold 103,590 shares of company stock worth $8,523,149. Company insiders own 0.08% of the company’s stock.

Citigroup Stock Performance

Shares of Citigroup stock opened at $79.78 on Friday. Citigroup Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $150.35 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.64 and a beta of 1.44. The company’s 50 day moving average price is $77.72 and its two-hundred day moving average price is $69.31.

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

Citigroup announced that its board has authorized a stock repurchase plan on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Citigroup Announces Dividend

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

Analysts Set New Price Targets

C has been the topic of several recent research reports. StockNews.com raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Wednesday. Truist Financial initiated coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a “buy” rating and a $85.00 target price on the stock. Evercore ISI raised their target price on shares of Citigroup from $69.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, January 16th. Wells Fargo & Company raised their target price on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their target price on shares of Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. 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, Citigroup has a consensus rating of “Moderate Buy” and a consensus target price of $83.93.

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.