Assetmark Inc. Has $5.50 Million Stake in Citigroup Inc (C)

Assetmark Inc. grew its position in Citigroup Inc (NYSE:C) by 1,346.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,596 shares of the financial services provider’s stock after purchasing an additional 70,369 shares during the period. Assetmark Inc.’s holdings in Citigroup were worth $5,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Europe London LLP acquired a new position in shares of Citigroup in the 1st quarter valued at approximately $10,247,000. Point72 Asset Management L.P. bought a new position in Citigroup during the 1st quarter worth $25,919,000. Point72 Asia Hong Kong Ltd bought a new position in Citigroup during the 1st quarter worth $138,000. Polianta Ltd bought a new position in Citigroup during the 2nd quarter worth $1,230,000. Finally, DnB Asset Management AS grew its stake in Citigroup by 0.3% during the 2nd quarter. DnB Asset Management AS now owns 1,935,851 shares of the financial services provider’s stock worth $129,470,000 after buying an additional 4,876 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on C. Wells Fargo & Co restated a “buy” rating on shares of Citigroup in a research note on Monday, October 2nd. Raymond James Financial reiterated an “underperform” rating on shares of Citigroup in a research report on Wednesday, September 27th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research report on Tuesday, September 26th. Atlantic Securities reiterated an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, BidaskClub upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.92.

Shares of Citigroup Inc (NYSE C) opened at $76.84 on Tuesday. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92. The firm has a market capitalization of $203,170.00, a price-to-earnings ratio of 14.81, a PEG ratio of 1.23 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11.

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About Citigroup

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.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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