Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.71 Million Position in Citigroup Inc. $C

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Citigroup Inc. (NYSE:C) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,063 shares of the company’s stock after purchasing an additional 1,056 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Citigroup were worth $1,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. increased its holdings in shares of Citigroup by 157.1% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares during the period. Hudson Edge Investment Partners Inc. lifted its position in shares of Citigroup by 2.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 107,160 shares of the company’s stock worth $9,121,000 after purchasing an additional 2,526 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Citigroup during the second quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Citigroup by 2.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 348,948 shares of the company’s stock valued at $29,702,000 after buying an additional 7,618 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Citigroup by 6.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,774 shares of the company’s stock valued at $747,000 after purchasing an additional 570 shares in the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total transaction of $271,200.00. Following the transaction, the director directly owned 2,140 shares in the company, valued at $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Trading Up 0.2%

Shares of Citigroup stock opened at $97.58 on Friday. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a market cap of $179.64 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.84 and a beta of 1.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company’s 50-day moving average price is $96.79 and its 200-day moving average price is $82.97.

Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The firm had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. On average, equities analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup’s payout ratio is 35.45%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on C. Morgan Stanley increased their price objective on shares of Citigroup from $107.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. The Goldman Sachs Group increased their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Citigroup in a research note on Wednesday, July 16th. TD Cowen increased their price target on shares of Citigroup from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, July 16th. Finally, Evercore ISI set a $77.00 target price on shares of Citigroup in a research note on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Citigroup currently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

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.