Field & Main Bank purchased a new stake in Citigroup Inc (NYSE:C) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,800 shares of the financial services provider’s stock, valued at approximately $1,027,000. Citigroup comprises about 1.0% of Field & Main Bank’s investment portfolio, making the stock its 29th biggest position.
Several other large investors also recently bought and sold shares of C. Beach Investment Management LLC. increased its holdings in shares of Citigroup by 895.5% in the second quarter. Beach Investment Management LLC. now owns 349,614 shares of the financial services provider’s stock valued at $23,382,000 after purchasing an additional 314,494 shares during the last quarter. MUFG Americas Holdings Corp increased its stake in Citigroup by 0.4% during the second quarter. MUFG Americas Holdings Corp now owns 227,537 shares of the financial services provider’s stock worth $15,217,000 after acquiring an additional 866 shares during the last quarter. Lincoln National Corp acquired a new stake in Citigroup during the second quarter worth $210,000. Twin Capital Management Inc. increased its stake in Citigroup by 13.0% during the second quarter. Twin Capital Management Inc. now owns 347,647 shares of the financial services provider’s stock worth $23,250,000 after acquiring an additional 40,027 shares during the last quarter. Finally, First National Trust Co. increased its stake in Citigroup by 14.1% during the second quarter. First National Trust Co. now owns 9,137 shares of the financial services provider’s stock worth $611,000 after acquiring an additional 1,129 shares during the last quarter. 80.71% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. Vetr cut Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price for the company. in a research note on Monday, February 5th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Friday. Morgan Stanley raised their target price on Citigroup from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Deutsche Bank set a $74.00 target price on Citigroup and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, Jefferies Group reissued a “hold” rating and set a $83.00 target price on shares of Citigroup in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $79.44.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. Citigroup’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is -41.29%.
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Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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