First Financial Corp IN Sells 467 Shares of Citigroup Inc. (NYSE:C)

First Financial Corp IN cut its stake in Citigroup Inc. (NYSE:C) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 857 shares of the company’s stock after selling 467 shares during the period. First Financial Corp IN’s holdings in Citigroup were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of Citigroup in the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Citigroup in the second quarter valued at approximately $31,000. Legacy Investment Solutions LLC bought a new position in Citigroup in the third quarter valued at approximately $31,000. GHP Investment Advisors Inc. grew its holdings in Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after acquiring an additional 368 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Citigroup by 69.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 635 shares of the company’s stock valued at $39,000 after acquiring an additional 260 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Up 2.2 %

C stock opened at $72.94 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $137.95 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $74.29. The business has a 50-day moving average of $70.40 and a 200-day moving average of $65.15.

Citigroup (NYSE:C) last released its quarterly earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Citigroup Inc. will post 5.86 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, November 4th. Citigroup’s dividend payout ratio (DPR) is currently 64.93%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on C. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Piper Sandler boosted their target price on Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Truist Financial began coverage on shares of Citigroup in a research report on Tuesday, January 7th. They issued a “buy” rating and a $85.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Evercore ISI increased their target price on shares of Citigroup from $63.00 to $64.00 and gave the stock an “in-line” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.13.

About Citigroup

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.