Everett Harris & Co. CA Boosts Stock Position in Citigroup Inc. (NYSE:C)

Everett Harris & Co. CA increased its stake in Citigroup Inc. (NYSE:C) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,131 shares of the company’s stock after purchasing an additional 3,523 shares during the quarter. Everett Harris & Co. CA’s holdings in Citigroup were worth $1,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clarity Wealth Advisors LLC grew its holdings in Citigroup by 7.5% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 75,632 shares of the company’s stock valued at $4,735,000 after buying an additional 5,270 shares in the last quarter. Raymond James & Associates grew its stake in Citigroup by 16.6% during the third quarter. Raymond James & Associates now owns 1,987,362 shares of the company’s stock valued at $124,409,000 after acquiring an additional 282,825 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Citigroup by 4.8% during the third quarter. First Citizens Bank & Trust Co. now owns 5,418 shares of the company’s stock valued at $339,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. increased its holdings in Citigroup by 86.9% during the 3rd quarter. Blue Trust Inc. now owns 13,600 shares of the company’s stock worth $863,000 after acquiring an additional 6,325 shares during the period. Finally, Riverview Trust Co lifted its stake in Citigroup by 58.5% in the 3rd quarter. Riverview Trust Co now owns 1,265 shares of the company’s stock worth $79,000 after purchasing an additional 467 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

C has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Barclays upped their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday. 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 research report on Thursday, July 11th. Argus upped their price objective on shares of Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Piper Sandler raised their target price on shares of Citigroup from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.06.

Citigroup Trading Down 1.8 %

NYSE C opened at $62.85 on Friday. The firm has a market cap of $119.88 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The stock has a 50-day moving average of $61.35 and a 200-day moving average of $61.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.20. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Citigroup Inc. will post 5.76 EPS for the current year.

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.