Citigroup Inc. (NYSE:C) Shares Acquired by Evercore Wealth Management LLC

Evercore Wealth Management LLC boosted its stake in Citigroup Inc. (NYSE:C) by 2.5% in the 1st quarter, Holdings Channel reports. The firm owned 12,148 shares of the company’s stock after purchasing an additional 295 shares during the period. Evercore Wealth Management LLC’s holdings in Citigroup were worth $884,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of C. Wealthcare Capital Management LLC acquired a new stake in Citigroup in the 1st quarter valued at approximately $29,000. First Bank & Trust increased its holdings in Citigroup by 279.1% in the 1st quarter. First Bank & Trust now owns 417 shares of the company’s stock valued at $30,000 after purchasing an additional 307 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in Citigroup in the 1st quarter valued at approximately $36,000. Logan Capital Management Inc. acquired a new stake in Citigroup in the 1st quarter valued at approximately $37,000. Finally, Encompass Wealth Advisors LLC acquired a new stake in Citigroup in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Several equities analysts have commented on C shares. Piper Sandler dropped their price target on shares of Citigroup from $95.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, July 15th. Keefe, Bruyette & Woods started coverage on shares of Citigroup in a research note on Wednesday, July 7th. They issued an “outperform” rating and a $85.00 price target for the company. Credit Suisse Group dropped their price target on shares of Citigroup from $83.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price target on shares of Citigroup from $74.50 to $77.50 and gave the stock a “neutral” rating in a research note on Monday, May 3rd. Finally, Barclays boosted their price target on shares of Citigroup from $77.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $79.87.

Shares of C opened at $67.89 on Thursday. Citigroup Inc. has a 1-year low of $40.49 and a 1-year high of $80.29. The stock has a market capitalization of $140.33 billion, a PE ratio of 6.82, a PEG ratio of 0.84 and a beta of 1.90. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company has a fifty day moving average of $73.13.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.91. Citigroup had a net margin of 27.21% and a return on equity of 12.10%. The firm had revenue of $17.50 billion during the quarter, compared to analysts’ expectations of $17.18 billion. During the same period in the previous year, the company earned $0.50 earnings per share. Citigroup’s quarterly revenue was down 11.5% compared to the same quarter last year. On average, analysts anticipate that Citigroup Inc. will post 9.86 earnings per share for the current fiscal year.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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