Field & Main Bank Makes New $1.44 Million Investment in Citigroup Inc. $C

Field & Main Bank purchased a new stake in shares of Citigroup Inc. (NYSE:C) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,293 shares of the company’s stock, valued at approximately $1,441,000.

Other institutional investors have also recently made changes to their positions in the company. Paladin Partners LLC purchased a new position in shares of Citigroup in the second quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in Citigroup during the second quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. bought a new position in Citigroup in the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC bought a new position in Citigroup in the first quarter worth approximately $25,000. Finally, TD Capital Management LLC purchased a new position in shares of Citigroup during the 4th quarter worth $28,000. Institutional investors own 71.72% of the company’s stock.

Citigroup News Roundup

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on C. Evercore set a $143.00 price objective on shares of Citigroup in a research report on Monday, July 6th. Argus set a $150.00 target price on Citigroup in a report on Wednesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $150.00 target price on shares of Citigroup in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price target on Citigroup from $135.50 to $149.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Weiss Ratings upgraded Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Citigroup Stock Performance

Shares of NYSE C opened at $132.77 on Friday. The stock has a market cap of $226.45 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12. Citigroup Inc. has a 1 year low of $92.96 and a 1 year high of $147.96. The firm has a fifty day moving average price of $136.20 and a 200-day moving average price of $126.81. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last released its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. The company had revenue of $24.77 billion for 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%. Citigroup’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 EPS. Equities analysts anticipate that Citigroup Inc. will post 11.2 earnings per share for the current fiscal year.

Citigroup Increases Dividend

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

Citigroup announced that its board has initiated a stock repurchase program on Thursday, May 7th that allows the company to buyback $30.00 billion in shares. This buyback authorization allows the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Citigroup

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.