211,072 Shares in Citigroup Inc. (NYSE:C) Bought by Natixis

Natixis bought a new position in Citigroup Inc. (NYSE:C) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 211,072 shares of the company’s stock, valued at approximately $14,857,000.

Several other hedge funds have also modified their holdings of C. Norinchukin Bank The grew its stake in Citigroup by 8.9% during the 4th quarter. Norinchukin Bank The now owns 86,008 shares of the company’s stock worth $6,054,000 after buying an additional 7,048 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Citigroup by 11.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 133,698 shares of the company’s stock valued at $9,411,000 after acquiring an additional 13,262 shares in the last quarter. Capital International Inc. CA boosted its stake in Citigroup by 423.4% in the 4th quarter. Capital International Inc. CA now owns 205,672 shares of the company’s stock worth $14,477,000 after purchasing an additional 166,374 shares in the last quarter. Capital Research Global Investors grew its position in Citigroup by 16.6% during the 4th quarter. Capital Research Global Investors now owns 3,504,500 shares of the company’s stock worth $246,682,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Citigroup by 455.2% in the fourth quarter. Capital World Investors now owns 31,352,582 shares of the company’s stock worth $2,206,908,000 after buying an additional 25,705,141 shares during the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Citigroup

In other Citigroup news, CFO Mark Mason sold 58,465 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the completion of the sale, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. This represents a 21.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total value of $1,225,276.25. Following the transaction, the insider now owns 109,780 shares in the company, valued at approximately $8,893,277.80. This represents a 12.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,590 shares of company stock valued at $8,523,149 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer cut their target price on Citigroup from $110.00 to $102.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (down from $96.00) on shares of Citigroup in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on Citigroup from $85.50 to $75.50 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. StockNews.com lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Finally, Bank of America dropped their price objective on shares of Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.61.

Citigroup Price Performance

Citigroup stock opened at $63.23 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $119.01 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.64 and a beta of 1.29. Citigroup Inc. has a 1 year low of $53.51 and a 1 year high of $84.74. The company’s fifty day moving average price is $71.12 and its 200 day moving average price is $70.98.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup declared that its board has approved a share repurchase plan on Wednesday, January 15th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.54%. Citigroup’s dividend payout ratio (DPR) is presently 35.39%.

Citigroup Company 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.