Everence Capital Management Inc. Takes Position in Citigroup Inc. (NYSE:C)

Everence Capital Management Inc. bought a new stake in Citigroup Inc. (NYSE:C) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,726 shares of the company’s stock, valued at approximately $3,472,000.

Several other hedge funds have also recently made changes to their positions in the company. Mcmillion Capital Management Inc. bought a new position in Citigroup during the 4th quarter valued at $27,000. Advisory Alpha LLC bought a new position in Citigroup during the 3rd quarter valued at $28,000. Charter Oak Capital Management LLC bought a new position in Citigroup during the 4th quarter valued at $28,000. Johnson Midwest Financial LLC bought a new position in Citigroup during the 4th quarter valued at $29,000. Finally, Capstone Triton Financial Group LLC bought a new position in Citigroup during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 72.99% of the company’s stock.

Citigroup stock traded down $0.71 during trading hours on Thursday, hitting $71.98. 459,618 shares of the company traded hands, compared to its average volume of 20,366,527. The firm has a market cap of $150.20 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.25 and a beta of 1.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $70.67 and its two-hundred day simple moving average is $58.18. Citigroup Inc. has a 1-year low of $38.76 and a 1-year high of $76.13.

Citigroup (NYSE:C) last released its earnings results on Thursday, January 14th. The company reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.74. Citigroup had a net margin of 13.17% and a return on equity of 6.63%. The firm had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.71 billion. During the same quarter last year, the company earned $1.90 EPS. Citigroup’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities research analysts predict that Citigroup Inc. will post 6.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 28th. Stockholders of record on Monday, May 3rd will be given a dividend of $0.51 per share. The ex-dividend date is Friday, April 30th. This represents a $2.04 annualized dividend and a dividend yield of 2.83%. Citigroup’s dividend payout ratio (DPR) is 41.80%.

A number of research firms have recently issued reports on C. Wells Fargo & Company raised their price target on shares of Citigroup from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, March 8th. Edward Jones downgraded shares of Citigroup from a “buy” rating to a “hold” rating in a research report on Monday, March 29th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research report on Wednesday, December 30th. Morgan Stanley raised their price target on shares of Citigroup from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, March 8th. Finally, Royal Bank of Canada raised their price target on shares of Citigroup from $66.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and an average target price of $72.66.

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).

Featured Story: Return on Equity (ROE)

Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C).

Institutional Ownership by Quarter for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.