Citigroup Inc. (NYSE:C) insider Jeffrey R. Walsh sold 5,000 shares of Citigroup stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the sale, the insider now owns 56,394 shares of the company’s stock, valued at $3,889,494.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Citigroup Inc. (NYSE:C) traded down 0.23% during mid-day trading on Tuesday, hitting $68.88. 16,645,925 shares of the company traded hands. The firm’s 50 day moving average price is $66.26 and its 200-day moving average price is $61.34. The stock has a market capitalization of $187.67 billion, a PE ratio of 13.79 and a beta of 1.48. Citigroup Inc. has a 1-year low of $44.51 and a 1-year high of $69.86.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.07. The firm had revenue of $17.90 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. On average, equities research analysts forecast that Citigroup Inc. will post $5.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.28 annualized dividend and a dividend yield of 1.86%. This is a boost from Citigroup’s previous quarterly dividend of $0.16. Citigroup’s dividend payout ratio (DPR) is 25.55%.

Citigroup declared that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $15.60 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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A number of equities research analysts have recently weighed in on the stock. UBS AG upgraded shares of Citigroup from a “sell” rating to a “neutral” rating and lifted their price target for the company from $58.00 to $64.00 in a research report on Friday, June 9th. Vetr upgraded shares of Citigroup from a “buy” rating to a “strong-buy” rating and set a $76.34 price target for the company in a research report on Thursday, August 3rd. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $67.43 to $65.00 in a research report on Monday, July 31st. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating and issued a $76.00 price target (up from $70.00) on shares of Citigroup in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $68.04.

A number of institutional investors have recently modified their holdings of C. Catamount Wealth Management acquired a new position in shares of Citigroup during the second quarter worth approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Patten Group Inc. boosted its position in shares of Citigroup by 6.6% in the first quarter. Patten Group Inc. now owns 1,765 shares of the financial services provider’s stock worth $105,000 after buying an additional 110 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Citigroup by 60.8% in the second quarter. Dubuque Bank & Trust Co. now owns 1,584 shares of the financial services provider’s stock worth $106,000 after buying an additional 599 shares during the last quarter. Finally, Arrow Financial Corp boosted its position in shares of Citigroup by 4.7% in the first quarter. Arrow Financial Corp now owns 1,896 shares of the financial services provider’s stock worth $113,000 after buying an additional 85 shares during the last quarter. Institutional investors own 74.89% of the company’s stock.

About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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