Citigroup Inc. (NYSE:C) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC raised its holdings in shares of Citigroup Inc. (NYSE:C) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,354 shares of the company’s stock after buying an additional 1,384 shares during the period. Empirical Finance LLC’s holdings in Citigroup were worth $4,216,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Citigroup by 123.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,716,442 shares of the company’s stock valued at $2,005,749,000 after buying an additional 17,525,484 shares during the last quarter. Swedbank AB acquired a new position in shares of Citigroup in the 1st quarter valued at about $253,286,000. Acadian Asset Management LLC boosted its stake in Citigroup by 527.5% in the second quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock valued at $158,521,000 after acquiring an additional 2,100,135 shares during the period. Caxton Associates LP raised its position in shares of Citigroup by 7,393.3% during the 1st quarter. Caxton Associates LP now owns 2,015,390 shares of the company’s stock worth $127,453,000 after purchasing an additional 1,988,494 shares during the period. Finally, Capital World Investors grew its stake in Citigroup by 26.1% during the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock worth $333,929,000 after buying an additional 1,092,980 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors and hedge funds.

Citigroup Trading Up 0.0 %

NYSE C opened at $68.17 on Friday. The firm’s 50 day moving average price is $63.02 and its two-hundred day moving average price is $62.54. The stock has a market cap of $128.93 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.77 and a beta of 1.44. Citigroup Inc. has a twelve month low of $44.32 and a twelve month high of $70.20. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.96 and a current ratio of 0.96.

Citigroup (NYSE:C) last posted its quarterly earnings results 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 6.19% and a net margin of 4.70%. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Citigroup Inc. will post 5.85 EPS for the current year.

Citigroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Monday, November 4th. Citigroup’s dividend payout ratio is currently 64.93%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. The Goldman Sachs Group reduced their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Barclays lifted their target price on Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America boosted their price target on Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.