Field & Main Bank Has $361,000 Stock Position in Citigroup Inc. (NYSE:C)

Field & Main Bank decreased its holdings in Citigroup Inc. (NYSE:C) by 10.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,010 shares of the company’s stock after selling 838 shares during the quarter. Field & Main Bank’s holdings in Citigroup were worth $361,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. My Legacy Advisors LLC raised its holdings in shares of Citigroup by 3.3% in the third quarter. My Legacy Advisors LLC now owns 7,873 shares of the company’s stock valued at $315,000 after purchasing an additional 254 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Citigroup by 17.5% during the third quarter. Atlantic Union Bankshares Corp now owns 17,099 shares of the company’s stock worth $703,000 after acquiring an additional 2,546 shares during the period. Busey Trust CO boosted its position in Citigroup by 2.1% in the third quarter. Busey Trust CO now owns 179,873 shares of the company’s stock worth $7,398,000 after purchasing an additional 3,682 shares during the last quarter. Accurate Wealth Management LLC grew its stake in Citigroup by 8.9% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,105 shares of the company’s stock valued at $252,000 after purchasing an additional 499 shares during the period. Finally, Palouse Capital Management Inc. raised its stake in shares of Citigroup by 11.0% during the 3rd quarter. Palouse Capital Management Inc. now owns 67,729 shares of the company’s stock worth $2,786,000 after purchasing an additional 6,708 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on C. Piper Sandler boosted their target price on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Wolfe Research upgraded Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 3rd. Jefferies Financial Group increased their price target on Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. BMO Capital Markets downgraded shares of Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Oppenheimer lowered their price target on shares of Citigroup from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Price Performance

C traded down $0.40 on Monday, reaching $62.26. The company had a trading volume of 11,295,567 shares, compared to its average volume of 16,965,133. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The company has a market cap of $119.24 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day simple moving average of $59.24 and a 200 day simple moving average of $52.21.

Citigroup (NYSE:C) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter last year, the company posted $1.86 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a dividend yield of 3.41%. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Citigroup Company 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.