Metis Global Partners LLC Sells 8,147 Shares of Citigroup Inc. $C

Metis Global Partners LLC trimmed its holdings in shares of Citigroup Inc. (NYSE:CFree Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,284 shares of the company’s stock after selling 8,147 shares during the period. Metis Global Partners LLC’s holdings in Citigroup were worth $7,968,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Citigroup by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Capital World Investors boosted its holdings in shares of Citigroup by 6.5% during the 3rd quarter. Capital World Investors now owns 47,262,626 shares of the company’s stock worth $4,797,292,000 after buying an additional 2,871,074 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Citigroup by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Citigroup by 2.6% in the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock worth $3,954,307,000 after purchasing an additional 846,772 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup News Summary

Here are the key news stories impacting Citigroup this week:

Insider Buying and Selling at Citigroup

In other news, insider Edward Skyler sold 25,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $131.41, for a total transaction of $3,285,250.00. Following the completion of the sale, the insider directly owned 182,022 shares of the company’s stock, valued at $23,919,511.02. This trade represents a 12.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total value of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a report on Monday, April 20th. Evercore set a $139.00 target price on Citigroup in a report on Wednesday, April 15th. Morgan Stanley increased their target price on Citigroup from $140.00 to $144.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $139.00 target price on shares of Citigroup in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.62.

View Our Latest Analysis on C

Citigroup Trading Down 0.8%

Shares of Citigroup stock opened at $133.60 on Thursday. Citigroup Inc. has a 1 year low of $76.11 and a 1 year high of $137.12. The firm has a market cap of $227.87 billion, a PE ratio of 16.56, a P/E/G ratio of 0.60 and a beta of 1.12. The stock has a fifty day moving average price of $126.36 and a 200-day moving average price of $117.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:CGet Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.43. Citigroup had a return on equity of 9.19% and a net margin of 9.35%.The firm had revenue of $24.63 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period last year, the firm posted $1.96 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that Citigroup Inc. will post 10.68 EPS for the current year.

Citigroup announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the company to reacquire up to 13.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. Citigroup’s dividend payout ratio (DPR) is currently 29.74%.

Citigroup Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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