EP Wealth Advisors LLC Sells 1,828 Shares of Citigroup Inc. (NYSE:C)

EP Wealth Advisors LLC lowered its holdings in shares of Citigroup Inc. (NYSE:C) by 13.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,519 shares of the company’s stock after selling 1,828 shares during the period. EP Wealth Advisors LLC’s holdings in Citigroup were worth $593,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of C. Orion Capital Management LLC bought a new position in Citigroup during the fourth quarter worth $26,000. Frazier Financial Advisors LLC bought a new position in Citigroup during the fourth quarter worth $29,000. Beaird Harris Wealth Management LLC raised its stake in Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after buying an additional 569 shares during the last quarter. Rakuten Securities Inc. bought a new position in Citigroup during the fourth quarter worth $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Citigroup during the fourth quarter worth $39,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Up 1.2 %

Shares of NYSE C opened at $60.81 on Wednesday. The stock has a market capitalization of $115.99 billion, a P/E ratio of 17.99, a P/E/G ratio of 0.89 and a beta of 1.48. The company has a 50-day moving average price of $61.68 and a 200-day moving average price of $57.24. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $64.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, April 12th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Citigroup Inc. will post 5.96 EPS for the current fiscal year.

Citigroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 6th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on C shares. HSBC lifted their target price on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price target on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Piper Sandler lifted their price target on shares of Citigroup from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group lifted their price target on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Citigroup currently has an average rating of “Moderate Buy” and a consensus target price of $64.84.

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.