Citigroup Inc (C) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its stake in shares of Citigroup Inc (NYSE:C) by 1,346.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,596 shares of the financial services provider’s stock after buying an additional 70,369 shares during the quarter. Assetmark Inc.’s holdings in Citigroup were worth $5,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Leisure Capital Management lifted its position in Citigroup by 1.6% during the second quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 59 shares during the period. Halbert Hargrove Russell LLC lifted its position in Citigroup by 1.6% during the second quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 74 shares during the period. Usca Ria LLC lifted its position in Citigroup by 0.3% during the second quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 90 shares during the period. Davis R M Inc. lifted its position in Citigroup by 2.2% during the second quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 92 shares during the period. Finally, Hartland & Co. LLC lifted its position in Citigroup by 1.2% during the second quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 97 shares during the period. 78.54% of the stock is currently owned by hedge funds and other institutional investors.

C has been the subject of a number of research reports. Societe Generale upgraded shares of Citigroup from a “sell” rating to a “hold” rating and boosted their target price for the company from $63.00 to $70.00 in a research report on Monday, September 11th. Credit Suisse Group restated a “buy” rating and set a $73.00 target price on shares of Citigroup in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Atlantic Securities reiterated an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $67.00 price objective (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.02.

Citigroup Inc (C) opened at $74.53 on Tuesday. Citigroup Inc has a 1 year low of $55.23 and a 1 year high of $77.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $197,060.00, a PE ratio of 14.36, a P/E/G ratio of 1.30 and a beta of 1.56.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts forecast that Citigroup Inc will post 5.25 earnings per share for the current year.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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