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

Everpar Advisors LLC acquired a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,973 shares of the company’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Citigroup in the third quarter valued at approximately $209,000. Simplicity Solutions LLC increased its holdings in Citigroup by 17.6% in the 4th quarter. Simplicity Solutions LLC now owns 27,791 shares of the company’s stock worth $1,430,000 after purchasing an additional 4,150 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Citigroup by 56.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,693 shares of the company’s stock valued at $64,078,000 after purchasing an additional 449,310 shares during the last quarter. GFS Advisors LLC acquired a new stake in shares of Citigroup during the fourth quarter valued at about $2,003,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Citigroup by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 258,150 shares of the company’s stock worth $13,279,000 after purchasing an additional 21,440 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Stock Down 1.3 %

Shares of C traded down $0.81 during trading hours on Tuesday, reaching $62.00. The stock had a trading volume of 10,038,142 shares, compared to its average volume of 16,616,920. The company has a market capitalization of $118.75 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.92 and a beta of 1.49. 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 current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90.

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

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be paid 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 presently 62.72%.

Analysts Set New Price Targets

A number of research firms have weighed in on C. Oppenheimer reduced their target price on shares of Citigroup from $87.00 to $86.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. HSBC increased their price objective on Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Piper Sandler raised 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, The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and an average 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.