Empirical Finance LLC Has $4.51 Million Position in Citigroup Inc. (NYSE:C)

Empirical Finance LLC boosted its stake in shares of Citigroup Inc. (NYSE:C) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 71,360 shares of the company’s stock after buying an additional 2,288 shares during the period. Empirical Finance LLC’s holdings in Citigroup were worth $4,513,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new position in Citigroup in the 4th quarter worth $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at about $29,000. Beaird Harris Wealth Management LLC raised its holdings in Citigroup by 1,962.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 598 shares of the company’s stock worth $31,000 after acquiring an additional 569 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Citigroup during the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Citigroup in the fourth quarter valued at approximately $39,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

Shares of C stock traded down $1.19 during trading on Friday, reaching $64.52. 29,893,355 shares of the company’s stock traded hands, compared to its average volume of 15,024,060. The company has a market capitalization of $123.07 billion, a P/E ratio of 19.12, a PEG ratio of 0.95 and a beta of 1.46. Citigroup Inc. has a 1 year low of $38.17 and a 1 year high of $66.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm’s 50-day moving average is $62.62 and its 200 day moving average is $58.80.

Citigroup (NYSE:C) last posted its earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $20.14 billion for the quarter, compared to analyst estimates of $20.07 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. Citigroup’s revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that Citigroup Inc. will post 5.86 EPS for the current year.

Analyst Ratings Changes

C has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, June 17th. BMO Capital Markets raised their target price on shares of Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday. HSBC raised their price objective on shares of Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Evercore ISI upped their target price on Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.66.

Citigroup Company 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.