Field & Main Bank Has $485,000 Stock Position in Citigroup Inc. (NYSE:C)

Field & Main Bank increased its stake in shares of Citigroup Inc. (NYSE:C) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,888 shares of the company’s stock after purchasing an additional 775 shares during the quarter. Field & Main Bank’s holdings in Citigroup were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in C. Allen Capital Group LLC bought a new stake in Citigroup in the fourth quarter valued at $244,000. Forsta AP Fonden grew its position in Citigroup by 1.9% in the 4th quarter. Forsta AP Fonden now owns 441,200 shares of the company’s stock worth $31,056,000 after purchasing an additional 8,200 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Citigroup by 4.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,735,740 shares of the company’s stock valued at $122,179,000 after purchasing an additional 75,347 shares during the last quarter. R Squared Ltd bought a new position in Citigroup in the 4th quarter worth approximately $865,000. Finally, Twelve Points Wealth Management LLC lifted its holdings in Citigroup by 12.5% during the 4th quarter. Twelve Points Wealth Management LLC now owns 12,023 shares of the company’s stock worth $846,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.6 %

Shares of C traded up $1.26 during midday trading on Wednesday, hitting $81.20. The stock had a trading volume of 1,210,763 shares, compared to its average volume of 17,021,920. Citigroup Inc. has a 1 year low of $52.24 and a 1 year high of $82.77. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day moving average is $72.93 and its 200 day moving average is $66.32. The firm has a market cap of $153.58 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43.

Citigroup (NYSE:C) last released its earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a return on equity of 6.62% and a net margin of 7.43%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, analysts forecast that Citigroup Inc. will post 7.51 EPS for the current fiscal year.

Citigroup declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Monday, February 3rd. Citigroup’s dividend payout ratio (DPR) is currently 37.65%.

Analyst Ratings Changes

C has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Citigroup from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their price objective on Citigroup from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target on the stock. Barclays upgraded shares of Citigroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $95.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company lifted their target price on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.93.

Citigroup Profile

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.