Everett Harris & Co. CA Acquires Shares of 9,441 Citigroup Inc. (NYSE:C)

Everett Harris & Co. CA acquired a new stake in shares of Citigroup Inc. (NYSE:C) in the fourth quarter, Holdings Channel reports. The firm acquired 9,441 shares of the company’s stock, valued at approximately $486,000.

A number of other large investors have also added to or reduced their stakes in C. Snider Financial Group raised its stake in Citigroup by 96,645.9% during the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock valued at $4,512,000 after buying an additional 84,407,589 shares during the last quarter. Norges Bank purchased a new position in shares of Citigroup in the fourth quarter worth $631,922,000. Moneta Group Investment Advisors LLC raised its stake in shares of Citigroup by 87,332.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,511,342 shares of the company’s stock worth $339,738,000 after purchasing an additional 7,502,751 shares during the last quarter. Greenhaven Associates Inc. raised its stake in shares of Citigroup by 22.4% in the fourth quarter. Greenhaven Associates Inc. now owns 16,113,305 shares of the company’s stock worth $828,868,000 after purchasing an additional 2,948,512 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Citigroup by 42.4% in the third quarter. AQR Capital Management LLC now owns 6,484,540 shares of the company’s stock worth $266,709,000 after purchasing an additional 1,930,296 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE:C traded up $0.49 during mid-day trading on Thursday, hitting $63.24. 19,000,791 shares of the company traded hands, compared to its average volume of 17,437,029. The stock’s fifty day moving average price is $56.06 and its 200-day moving average price is $48.95. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.52. The firm has a market cap of $121.12 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.50.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, January 12th. The company reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($1.89). The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $18.71 billion. Citigroup had a return on equity of 6.49% and a net margin of 5.88%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Research analysts anticipate that Citigroup Inc. will post 5.83 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 5th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, February 2nd. Citigroup’s dividend payout ratio (DPR) is 53.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on C shares. Piper Sandler upgraded Citigroup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $56.00 to $63.00 in a research note on Wednesday, February 14th. StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wolfe Research raised Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, January 3rd. Societe Generale lowered Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $46.00 to $65.00 in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.56.

Citigroup 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.