Field & Main Bank Invests $1.44 Million in Citigroup Inc. $C

Field & Main Bank purchased a new position in Citigroup Inc. (NYSE:C - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,293 shares of the company's stock, valued at approximately $1,441,000.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Citigroup by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company's stock valued at $5,036,712,000 after acquiring an additional 189,548 shares in the last quarter. Franklin Resources Inc. boosted its stake in Citigroup by 4.0% in the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company's stock worth $3,990,422,000 after purchasing an additional 1,326,224 shares in the last quarter. Fisher Asset Management LLC grew its position in Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company's stock valued at $3,954,307,000 after purchasing an additional 846,772 shares during the last quarter. Bank of America Corp DE grew its position in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company's stock valued at $3,047,215,000 after purchasing an additional 728,043 shares during the last quarter. Finally, Norges Bank bought a new stake in Citigroup during the 4th quarter valued at about $2,800,944,000. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Stock Performance

Shares of NYSE C opened at $132.77 on Friday. The firm's 50-day moving average price is $136.20 and its 200-day moving average price is $126.81. Citigroup Inc. has a 52-week low of $92.96 and a 52-week high of $147.96. The company has a market cap of $226.45 billion, a PE ratio of 14.34, a PEG ratio of 0.60 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The firm had revenue of $24.77 billion during the quarter, compared to analysts' expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, analysts anticipate that Citigroup Inc. will post 11.2 EPS for the current year.

Citigroup declared that its board has initiated a share buyback program on Thursday, May 7th that permits the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from Citigroup's previous quarterly dividend of $0.60. Citigroup's dividend payout ratio (DPR) is presently 28.94%.

Wall Street Analyst Weigh In

C has been the topic of several analyst reports. Oppenheimer downgraded shares of Citigroup from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Citigroup from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday. Evercore set a $143.00 price objective on shares of Citigroup in a report on Monday, July 6th. Keefe, Bruyette & Woods upped their price objective on Citigroup from $140.00 to $153.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $150.00 target price on shares of Citigroup in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $145.22.

Key Stories Impacting Citigroup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Citigroup’s recent quarterly results provide a fundamental cushion: earnings and revenue exceeded analyst expectations, with revenue up 14.5% year over year. SEC Probe Puts Wall Street Leverage Risk Back in Focus
• Neutral Sentiment: Citi analyst activity on Oracle, BMW and Forvia reflects the bank’s research and advisory business, but the recommendations are directed at those companies and have little direct impact on Citigroup’s equity value. Oracle Stock Gains Premarket
• Neutral Sentiment: Citigroup entities reported exiting substantial-holder status in Australia’s IDP Education and Healius. These appear to be portfolio or position disclosures rather than changes to Citi’s core business, making the immediate stock impact limited. Citi Group Entities Exit Substantial Holder Status in IDP Education
• Negative Sentiment: The SEC reportedly subpoenaed Citigroup, Goldman Sachs, JPMorgan and Bank of America over margin lending to hedge fund Situational Awareness, which suffered a 67% drawdown during an AI-stock sell-off. The probe puts leverage, collateral and counterparty-risk controls under scrutiny; potential fines, litigation costs or tighter lending requirements could weigh on Citi’s profitability, although the ultimate exposure remains unclear. SEC Probe Puts Wall Street Leverage Risk Back in Focus

Citigroup Company Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi's principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

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