Ruffer LLP grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,501,834 shares of the company's stock after purchasing an additional 145,767 shares during the quarter. Citigroup makes up approximately 8.9% of Ruffer LLP's portfolio, making the stock its 2nd largest holding. Ruffer LLP owned 0.19% of Citigroup worth $246,497,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Core Alternative Capital boosted its position in Citigroup by 83.4% during the fourth quarter. Core Alternative Capital now owns 376 shares of the company's stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Citigroup during the third quarter worth approximately $31,000. Webster Bank N. A. boosted its position in Citigroup by 150.0% during the fourth quarter. Webster Bank N. A. now owns 500 shares of the company's stock worth $35,000 after acquiring an additional 300 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in Citigroup during the fourth quarter worth approximately $35,000. Finally, Sierra Ocean LLC purchased a new position in Citigroup during the fourth quarter worth approximately $37,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.
C stock opened at $70.55 on Friday. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.74. The company has a market capitalization of $132.94 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.43. The firm's 50-day moving average is $77.90 and its two-hundred day moving average is $69.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.
Citigroup (NYSE:C - Get Free Report) last released its 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. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $19.51 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts forecast that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.
Citigroup announced that its Board of Directors has authorized a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 3rd were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Monday, February 3rd. Citigroup's dividend payout ratio (DPR) is currently 37.65%.
In related news, CFO Mark Mason sold 58,465 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total transaction of $4,864,872.65. Following the transaction, the chief financial officer now directly owns 217,331 shares of the company's stock, valued at approximately $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the sale, the insider now owns 109,780 shares of the company's stock, valued at $8,893,277.80. This trade represents a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,590 shares of company stock valued at $8,523,149 over the last ninety days. Corporate insiders own 0.08% of the company's stock.
C has been the topic of a number of recent analyst reports. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $70.00 to $95.00 in a research note on Monday, January 6th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price target (up from $80.00) on shares of Citigroup in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $85.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Truist Financial assumed coverage on shares of Citigroup in a report on Tuesday, January 7th. They set a "buy" rating and a $85.00 price objective for the company. Finally, Morgan Stanley raised their price objective 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 analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.93.
Read Our Latest Research Report on C
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.
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