EP Wealth Advisors LLC Has $537,000 Stock Holdings in Citigroup Inc. (NYSE:C)

EP Wealth Advisors LLC boosted its position in shares of Citigroup Inc. (NYSE:C – Get Rating) by 35.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,890 shares of the company’s stock after buying an additional 3,366 shares during the quarter. EP Wealth Advisors LLC’s holdings in Citigroup were worth $537,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. acquired a new position in shares of Citigroup in the 3rd quarter valued at $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Citigroup in the 3rd quarter valued at $28,000. McIlrath & Eck LLC lifted its stake in shares of Citigroup by 96.6% in the 3rd quarter. McIlrath & Eck LLC now owns 814 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Annapolis Financial Services LLC lifted its stake in shares of Citigroup by 59.0% in the 3rd quarter. Annapolis Financial Services LLC now owns 935 shares of the company’s stock valued at $39,000 after purchasing an additional 347 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Citigroup by 82.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 961 shares of the company’s stock valued at $51,000 after purchasing an additional 433 shares during the period. Institutional investors and hedge funds own 70.90% of the company’s stock.

Citigroup Stock Down 3.0 %

NYSE C opened at $44.25 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.49. Citigroup Inc. has a 1-year low of $40.01 and a 1-year high of $58.25. The company has a 50 day moving average of $50.17 and a 200-day moving average of $47.41. The company has a market cap of $86.01 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 1.59 and a beta of 1.59.

Citigroup (NYSE:C – Get Rating) last released its quarterly earnings results on Friday, January 13th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.08). The business had revenue of $18.01 billion during the quarter, compared to analyst estimates of $17.91 billion. Citigroup had a net margin of 14.73% and a return on equity of 8.14%. On average, equities research analysts expect that Citigroup Inc. will post 5.94 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 6th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 4.61%. Citigroup’s dividend payout ratio (DPR) is 29.14%.

Insider Activity at Citigroup

In other Citigroup news, CEO Titilope Cole sold 11,903 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $51.10, for a total transaction of $608,243.30. Following the sale, the chief executive officer now owns 65,764 shares of the company’s stock, valued at $3,360,540.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Citigroup news, insider Sara Wechter sold 2,950 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $50.77, for a total transaction of $149,771.50. Following the sale, the insider now owns 82,779 shares of the company’s stock, valued at $4,202,689.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Titilope Cole sold 11,903 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $51.10, for a total transaction of $608,243.30. Following the sale, the chief executive officer now directly owns 65,764 shares in the company, valued at approximately $3,360,540.40. The disclosure for this sale can be found here. Insiders have sold 27,353 shares of company stock valued at $1,403,390 over the last three months. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on C shares. Bank of America raised their price objective on Citigroup from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 16th. Piper Sandler raised their price objective on Citigroup from $47.00 to $51.00 in a research note on Tuesday, January 17th. Oppenheimer raised their price objective on Citigroup from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. TheStreet upgraded Citigroup from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Finally, Barclays raised their price objective on Citigroup from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Citigroup has an average rating of “Hold” and an average price target of $56.47.

Citigroup Company Profile

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Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.