Citigroup Inc (C) Shares Sold by Burney Co.

Burney Co. lessened its stake in Citigroup Inc (NYSE:C) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,776 shares of the financial services provider’s stock after selling 7,651 shares during the quarter. Burney Co.’s holdings in Citigroup were worth $6,079,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in C. Evolution Wealth Advisors LLC bought a new stake in Citigroup in the fourth quarter worth $29,000. Larson Financial Group LLC bought a new position in Citigroup during the fourth quarter valued at $29,000. Signet Investment Advisory Group Inc. bought a new position in Citigroup during the fourth quarter valued at $32,000. Blume Capital Management Inc. increased its position in Citigroup by 4,615.4% during the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 600 shares during the last quarter. Finally, Acima Private Wealth LLC bought a new position in Citigroup during the fourth quarter valued at $33,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on C shares. Barclays cut their price objective on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. Wells Fargo & Co cut shares of Citigroup to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research cut shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Credit Suisse Group cut their price objective on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, December 7th. Finally, Standpoint Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price objective on the stock in a research report on Wednesday, December 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $77.33.

In other news, insider W. Bradford Hu sold 5,420 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $64.27, for a total transaction of $348,343.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Whitaker sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $63.24, for a total transaction of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Shares of C opened at $65.19 on Friday. The firm has a market cap of $164.77 billion, a PE ratio of 9.80, a P/E/G ratio of 0.79 and a beta of 1.68. Citigroup Inc has a 12-month low of $48.42 and a 12-month high of $75.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.30.

Citigroup (NYSE:C) last issued its earnings results on Monday, January 14th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.06. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $17.57 billion. Citigroup had a net margin of 18.58% and a return on equity of 9.93%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Analysts predict that Citigroup Inc will post 7.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 4th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, February 1st. Citigroup’s dividend payout ratio is currently 27.07%.

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About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

Further Reading: How to calculate the intrinsic value of a stock

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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