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What the Insider Data Suggests About Citigroup Inc. (C)

Recent insider trends for Citigroup Inc. (NYSE:C) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on C is anything to go by, investors should pay attention.

Institutions own 80.07% of Citigroup Inc. (C)’s shares. The total value of these holdings, in millions, is $152,957. Among active positions in the latest quarter, 750 holders increased their positions by a total of 122.85 million shares, 594 holders decreased the positions by a total of 99.9 million shares, and 195 holders held their positions. This works out to a net increase in ownership of 22.95 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 136 holders initiated new positions by a total of 15.78 million shares and 81 holders exited their positions by a total of 13.22 million shares. This nets out to an increase of 2.56 million shares and is a bullish sign for C.

In the last three months, insiders executed a total of 18 trades. 18 of these were buys. Insider ownership increased by a total of 4383 shares, which suggests that C’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 113 buys and 38 sells, and ownership decreased by a net of 833524 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Citigroup Inc. (NYSE:C)’s short interest is 25.98 million shares, or % of the float. This represents a decrease of -13% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for C. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that C is a Weak sell, which implies that C is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Citigroup Inc. (NYSE:C) is overvalued.

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