Johnbull Okpara, Controller and Chief Accounting Officer of Citigroup Inc (NYSE:C), completed a sale of 25,299 shares of the company’s stock on August 15, 2024, according to a recent SEC filing. The transaction was performed at a price of $60.57 per share, for a total consideration of $1,532,360.43. Following this transaction, the insider now directly owns 91,538.67 shares of Citigroup Inc.
Citigroup Inc. is a global financial services company that provides consumers, businesses, governments and institutions with a broad range of financial products and services, including retail and credit banking, commercial and investment banking, securities trading, transaction services and asset management.
Over the past year, Johnbull Okpara has sold a total of 25,299 shares of Citigroup Inc. and made no purchases. This recent sale represents the only insider selling activity by the company over the past year, with a total of 2 insider sales and no insider purchases recorded.
Citigroup Inc. shares were trading at $60.57 on the day of the sale, giving the company a market capitalization of around $117.14 billion. The company’s price-to-earnings ratio is 17.20, which is above the industry median of 9.98 and also above the company’s historical median.
According to GF Value, the intrinsic value of Citigroup Inc. is estimated at $56.19 per share, making the stock fairly valued at a price-to-value ratio of 1.08 at the time of the transaction.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future performance or for adjustments to the stock’s valuation.
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