Poehling Capital Management INC. Purchases 571 Shares of Citigroup Inc. (NYSE:C)

Poehling Capital Management INC. boosted its position in shares of Citigroup Inc. (NYSE:C) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 62,170 shares of the company’s stock after buying an additional 571 shares during the quarter. Citigroup makes up approximately 1.1% of Poehling Capital Management INC.’s investment portfolio, making the stock its 28th biggest holding. Poehling Capital Management INC.’s holdings in Citigroup were worth $4,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harmony Asset Management LLC increased its stake in Citigroup by 2.4% during the fourth quarter. Harmony Asset Management LLC now owns 8,192 shares of the company’s stock valued at $577,000 after acquiring an additional 192 shares during the period. Orion Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter worth approximately $28,000. MidWestOne Financial Group Inc. raised its holdings in shares of Citigroup by 127.0% in the 4th quarter. MidWestOne Financial Group Inc. now owns 9,156 shares of the company’s stock worth $644,000 after buying an additional 5,123 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Citigroup by 14.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 365,321 shares of the company’s stock worth $25,715,000 after buying an additional 47,040 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in Citigroup by 14.0% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 18,513 shares of the company’s stock valued at $1,303,000 after acquiring an additional 2,273 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $77.00 price objective (down from $83.00) on shares of Citigroup in a research note on Wednesday, April 16th. Royal Bank of Canada lowered their target price on shares of Citigroup from $85.00 to $78.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Truist Financial dropped their target price on shares of Citigroup from $84.00 to $79.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Evercore ISI cut their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. Finally, Oppenheimer reissued an “outperform” rating on shares of Citigroup in a report on Tuesday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.97.

Citigroup Stock Down 3.2%

Shares of NYSE:C opened at $73.44 on Thursday. Citigroup Inc. has a 12 month low of $53.51 and a 12 month high of $84.74. The company’s 50-day moving average price is $68.55 and its two-hundred day moving average price is $72.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $137.17 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.64 and a beta of 1.30.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.05%. Citigroup’s payout ratio is 35.39%.

Insider Buying and Selling at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, valued at approximately $890,656.48. This trade represents a 25.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Citigroup Company 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.