MainStreet Investment Advisors LLC Has $454,000 Stock Holdings in Citigroup Inc. (NYSE:C)

MainStreet Investment Advisors LLC lessened its holdings in Citigroup Inc. (NYSE:C - Free Report) by 87.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,824 shares of the company's stock after selling 59,945 shares during the quarter. MainStreet Investment Advisors LLC's holdings in Citigroup were worth $454,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Citigroup in the 4th quarter valued at $867,599,000. International Assets Investment Management LLC bought a new position in shares of Citigroup in the 4th quarter valued at $2,109,120,000. Greenhaven Associates Inc. lifted its stake in shares of Citigroup by 22.4% in the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company's stock valued at $828,868,000 after acquiring an additional 2,948,512 shares during the last quarter. AQR Capital Management LLC raised its position in Citigroup by 42.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company's stock worth $266,709,000 after purchasing an additional 1,930,296 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company's stock worth $1,273,233,000 after purchasing an additional 1,832,819 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company's stock.

Citigroup Price Performance

Shares of C traded down $0.07 during mid-day trading on Friday, reaching $64.07. 8,418,394 shares of the stock traded hands, compared to its average volume of 11,728,756. The firm has a fifty day moving average price of $61.14 and a 200 day moving average price of $54.49. The company has a market cap of $122.21 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.55.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Citigroup Inc. will post 5.98 earnings per share for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders 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 yield of 3.31%. Citigroup's payout ratio is 62.72%.

Analyst Upgrades and Downgrades

C has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Citigroup in a research report on Monday, April 1st. StockNews.com raised Citigroup from a "sell" rating to a "hold" rating in a research report on Tuesday, March 19th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $54.00 to $66.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. Piper Sandler lifted their price objective on Citigroup from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Finally, Evercore ISI lifted their price objective on Citigroup from $58.00 to $60.00 and gave the stock an "in-line" rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.85.

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.

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