Everpar Advisors LLC Has $334,000 Stock Position in Citigroup Inc. (NYSE:C)

Everpar Advisors LLC lifted its stake in Citigroup Inc. (NYSE:C) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,256 shares of the company’s stock after acquiring an additional 180 shares during the period. Everpar Advisors LLC’s holdings in Citigroup were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Citigroup during the fourth quarter worth $4,100,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Citigroup in the 4th quarter valued at $39,000. NewEdge Wealth LLC boosted its stake in shares of Citigroup by 4.9% in the 4th quarter. NewEdge Wealth LLC now owns 7,828 shares of the company’s stock valued at $403,000 after purchasing an additional 364 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Citigroup by 5.4% in the 4th quarter. Flputnam Investment Management Co. now owns 8,370 shares of the company’s stock valued at $431,000 after purchasing an additional 431 shares in the last quarter. Finally, SVB Wealth LLC boosted its stake in shares of Citigroup by 11.9% in the 4th quarter. SVB Wealth LLC now owns 33,003 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,512 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Up 1.5 %

Shares of C traded up $0.88 on Friday, hitting $61.40. The company’s stock had a trading volume of 9,939,926 shares, compared to its average volume of 14,974,501. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 1.47. The firm’s fifty day moving average price is $62.25 and its 200-day moving average price is $60.55. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $67.81. The firm has a market capitalization of $117.12 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 0.68 and a beta of 1.46.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.14 billion during the quarter, compared to analyst estimates of $20.07 billion. During the same period in the previous year, the firm earned $1.37 EPS. Citigroup’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 5th will be given a dividend of $0.56 per share. The ex-dividend date is Monday, August 5th. This represents a $2.24 dividend on an annualized basis and a yield of 3.65%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. Citigroup’s dividend payout ratio is 62.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on C. Morgan Stanley boosted their target price on shares of Citigroup from $66.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods lifted their price target on Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. BMO Capital Markets lifted their price target on Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Royal Bank of Canada lifted their price target on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Finally, Piper Sandler lifted their price target on Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.06.

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.