Rhumbline Advisers lowered its stake in Citigroup Inc (NYSE:C) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,662,966 shares of the financial services provider’s stock after selling 19,584 shares during the period. Citigroup accounts for 0.7% of Rhumbline Advisers’ portfolio, making the stock its 18th largest position. Rhumbline Advisers owned 0.18% of Citigroup worth $339,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of C. King Luther Capital Management Corp increased its holdings in shares of Citigroup by 47.1% in the first quarter. King Luther Capital Management Corp now owns 195,512 shares of the financial services provider’s stock valued at $11,696,000 after purchasing an additional 62,617 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Citigroup by 681.1% in the first quarter. Epoch Investment Partners Inc. now owns 31,423 shares of the financial services provider’s stock valued at $1,880,000 after acquiring an additional 27,400 shares during the last quarter. Amalgamated Bank boosted its stake in Citigroup by 1.0% in the first quarter. Amalgamated Bank now owns 195,156 shares of the financial services provider’s stock valued at $11,674,000 after acquiring an additional 1,937 shares during the last quarter. Level Four Advisory Services LLC boosted its stake in Citigroup by 86.8% in the first quarter. Level Four Advisory Services LLC now owns 9,833 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 4,568 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Citigroup in the first quarter valued at approximately $1,091,000. 78.54% of the stock is owned by institutional investors and hedge funds.
Shares of Citigroup Inc (C) opened at $74.41 on Monday. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $77.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $196,740.19, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.46 and a beta of 1.56.
A number of equities analysts have issued reports on C shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Citigroup in a research note on Wednesday, September 13th. Raymond James Financial started coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley raised their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Jefferies Group set a $81.00 price objective on shares of Citigroup and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Nomura raised their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.78.
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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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