Assetmark Inc. Sells 161 Shares of Citigroup Inc. (NYSE:C)

Assetmark Inc. cut its holdings in Citigroup Inc. (NYSE:C) by 0.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,114 shares of the company’s stock after selling 161 shares during the quarter. Assetmark Inc.’s holdings in Citigroup were worth $5,892,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in 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 period. Swedbank AB purchased a new stake in shares of Citigroup in the first quarter valued at $253,286,000. Acadian Asset Management LLC lifted its holdings in shares of Citigroup by 527.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,498,277 shares of the company’s stock worth $158,521,000 after acquiring an additional 2,100,135 shares during the last quarter. Caxton Associates LP boosted its stake 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 holdings in Citigroup by 26.1% during the 1st quarter. Capital World Investors now owns 5,280,342 shares of the company’s stock valued at $333,929,000 after purchasing an additional 1,092,980 shares during the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Up 1.7 %

Shares of NYSE:C opened at $69.80 on Tuesday. The company has a market capitalization of $133.16 billion, a PE ratio of 20.23, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55. Citigroup Inc. has a 12-month low of $41.93 and a 12-month high of $70.20. The business’s fifty day simple moving average is $62.56 and its 200-day simple moving average is $62.42.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.20. The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a return on equity of 6.19% and a net margin of 4.70%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, equities research analysts predict that Citigroup Inc. will post 5.85 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th will be paid a $0.56 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.21%. Citigroup’s dividend payout ratio (DPR) is 64.93%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of Citigroup from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Argus boosted their price objective on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 15th. Morgan Stanley reduced their target price on Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI boosted their target price on shares of Citigroup from $63.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer upped their price target on shares of Citigroup from $91.00 to $107.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.06.

About Citigroup

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.