Evercore Wealth Management LLC Makes New $265,000 Investment in Citigroup Inc. (NYSE:C)

Evercore Wealth Management LLC acquired a new position in Citigroup Inc. (NYSE:CFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,153 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Citigroup by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 24,751,813 shares of the company’s stock worth $1,273,233,000 after purchasing an additional 1,832,819 shares during the period. Northern Trust Corp lifted its holdings in Citigroup by 1.2% during the 3rd quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock valued at $824,710,000 after buying an additional 232,652 shares in the last quarter. Norges Bank bought a new stake in Citigroup during the 4th quarter valued at about $867,599,000. Pzena Investment Management LLC lifted its holdings in Citigroup by 1.3% during the 4th quarter. Pzena Investment Management LLC now owns 16,850,636 shares of the company’s stock valued at $866,797,000 after buying an additional 223,206 shares in the last quarter. Finally, Greenhaven Associates Inc. lifted its holdings in Citigroup by 22.4% during the 4th quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock valued at $828,868,000 after buying an additional 2,948,512 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Stock Performance

C opened at $61.45 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $61.90 and a 200 day moving average price of $56.64. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The stock has a market cap of $117.21 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.93 and a beta of 1.48.

Citigroup (NYSE:CGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Equities research analysts anticipate that Citigroup Inc. will post 5.96 earnings per share for the current year.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 6th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, May 3rd. Citigroup’s dividend payout ratio is presently 62.72%.

Analyst Ratings Changes

Several research firms have recently commented on C. HSBC boosted their price target on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 price target on shares of Citigroup in a report on Monday, April 1st. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. StockNews.com upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group restated 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 given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.66.

Check Out Our Latest Analysis on C

Citigroup Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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