Everpar Advisors LLC Takes $564,000 Position in Citigroup Inc. (NYSE:C)

Everpar Advisors LLC acquired a new stake in Citigroup Inc. (NYSE:C) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,973 shares of the company’s stock, valued at approximately $564,000.

Other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new position in Citigroup in the third quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in shares of Citigroup during the fourth quarter worth approximately $26,000. AlphaMark Advisors LLC lifted its holdings in Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Citigroup during the third quarter worth $35,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Citigroup in the fourth quarter valued at about $35,000. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Stock Down 1.3 %

C stock traded down $0.81 during midday trading on Tuesday, hitting $62.00. The company’s stock had a trading volume of 10,038,142 shares, compared to its average volume of 16,616,920. Citigroup Inc. has a 52-week low of $38.17 and a 52-week high of $63.90. The firm has a 50-day simple moving average of $59.85 and a 200-day simple moving average of $52.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $118.75 billion, a P/E ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.49.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. As a group, equities analysts forecast that Citigroup Inc. will post 5.98 EPS for the current year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.42%. Citigroup’s payout ratio is 62.72%.

Analyst Upgrades and Downgrades

A number of analysts have commented on C shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $80.00 price objective on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price objective on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Evercore ISI raised their target price on Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Finally, Jefferies Financial Group lifted their target price on shares of Citigroup from $56.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

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.