Assetmark Inc. raised its stake in shares of Citigroup Inc (NYSE:C) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,900 shares of the financial services provider’s stock after purchasing an additional 9,590 shares during the quarter. Assetmark Inc.’s holdings in Citigroup were worth $12,189,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its holdings in Citigroup by 4.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 22,170 shares of the financial services provider’s stock worth $1,591,000 after buying an additional 983 shares in the last quarter. Nokota Management LP lifted its holdings in Citigroup by 22.3% during the 3rd quarter. Nokota Management LP now owns 764,117 shares of the financial services provider’s stock worth $54,818,000 after buying an additional 139,117 shares in the last quarter. Cpwm LLC acquired a new position in Citigroup during the 3rd quarter worth $714,000. InterOcean Capital LLC lifted its holdings in Citigroup by 10.8% during the 3rd quarter. InterOcean Capital LLC now owns 8,007 shares of the financial services provider’s stock worth $574,000 after buying an additional 780 shares in the last quarter. Finally, Channing Capital Management LLC lifted its holdings in Citigroup by 13.4% during the 3rd quarter. Channing Capital Management LLC now owns 142,125 shares of the financial services provider’s stock worth $10,196,000 after buying an additional 16,769 shares in the last quarter. 72.79% of the stock is currently owned by institutional investors.
C opened at $58.35 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup Inc has a 12 month low of $58.14 and a 12 month high of $80.70. The firm has a market capitalization of $160.01 billion, a P/E ratio of 10.95, a PEG ratio of 0.82 and a beta of 1.44.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The business had revenue of $18.39 billion during the quarter, compared to analysts’ expectations of $18.43 billion. During the same quarter in the prior year, the company earned $1.42 EPS. As a group, sell-side analysts forecast that Citigroup Inc will post 6.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Monday, November 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, November 2nd. Citigroup’s dividend payout ratio is currently 33.77%.
Several research analysts have issued reports on C shares. Wells Fargo & Co set a $100.00 price objective on Citigroup and gave the stock a “buy” rating in a report on Monday, August 27th. Deutsche Bank upped their target price on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. Vining Sparks reiterated a “buy” rating and set a $77.00 target price on shares of Citigroup in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Tuesday, October 16th. Finally, ValuEngine upgraded shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.36.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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