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

EP Wealth Advisors LLC boosted its position in Citigroup Inc. (NYSE:C – Get Rating) by 35.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,890 shares of the company’s stock after buying an additional 3,366 shares during the period. EP Wealth Advisors LLC’s holdings in Citigroup were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Citigroup by 0.8% during the third quarter. Vanguard Group Inc. now owns 165,678,243 shares of the company’s stock valued at $6,903,812,000 after purchasing an additional 1,316,516 shares during the period. Snider Financial Group raised its holdings in shares of 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 purchasing an additional 84,407,589 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Citigroup by 3.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,565,095 shares of the company’s stock valued at $761,829,000 after purchasing an additional 526,282 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Citigroup by 9.8% during the second quarter. Artisan Partners Limited Partnership now owns 15,631,074 shares of the company’s stock valued at $718,873,000 after purchasing an additional 1,389,718 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Citigroup by 3.7% during the second quarter. Legal & General Group Plc now owns 15,342,406 shares of the company’s stock valued at $705,598,000 after purchasing an additional 553,863 shares during the period. Institutional investors and hedge funds own 70.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on C. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Citigroup from $52.00 to $46.00 in a report on Friday, January 6th. Barclays upped their target price on shares of Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 3rd. Oppenheimer upped their target price on shares of Citigroup from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. Morgan Stanley lowered their target price on shares of Citigroup from $45.00 to $41.00 and set an “underweight” rating on the stock in a report on Friday, January 6th. Finally, TheStreet upgraded shares of Citigroup from a “c+” rating to a “b-” rating in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Citigroup presently has an average rating of “Hold” and an average target price of $56.47.

Citigroup Trading Down 3.0 %

Shares of C stock opened at $44.25 on Friday. Citigroup Inc. has a 52-week low of $40.01 and a 52-week high of $58.25. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50-day simple moving average of $50.17 and a two-hundred day simple moving average of $47.41. The company has a market capitalization 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 issued its quarterly earnings data on Friday, January 13th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.08). Citigroup had a return on equity of 8.14% and a net margin of 14.73%. The firm had revenue of $18.01 billion during the quarter, compared to the consensus estimate of $17.91 billion. Research analysts anticipate that Citigroup Inc. will post 5.94 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 6th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Friday, February 3rd. Citigroup’s dividend payout ratio is currently 29.14%.

Insider Activity

In other news, insider Michael Whitaker sold 12,500 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $51.63, for a total transaction of $645,375.00. Following the completion of the transaction, the insider now directly owns 239,429 shares of the company’s stock, valued at approximately $12,361,719.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Titilope Cole sold 11,903 shares of the company’s stock in a transaction that occurred 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 directly owns 65,764 shares in the company, valued at approximately $3,360,540.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Whitaker sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $51.63, for a total transaction of $645,375.00. Following the sale, the insider now owns 239,429 shares in the company, valued at $12,361,719.27. The disclosure for this sale can be found here. Insiders sold 27,353 shares of company stock valued at $1,403,390 in the last three months. Company insiders own 0.08% of the company’s stock.

Citigroup 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.