Commerzbank Aktiengesellschaft FI Has $62.25 Million Stock Position in Citigroup Inc (NYSE:C)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Citigroup Inc (NYSE:C) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 901,191 shares of the financial services provider’s stock after purchasing an additional 65,994 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citigroup were worth $62,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Citigroup by 627.0% during the third quarter. Meeder Asset Management Inc. now owns 121,378 shares of the financial services provider’s stock worth $8,386,000 after acquiring an additional 104,682 shares in the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of Citigroup by 139.0% during the third quarter. WESPAC Advisors SoCal LLC now owns 8,388 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 4,878 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Citigroup by 22.1% during the third quarter. Wealthcare Advisory Partners LLC now owns 3,391 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 613 shares in the last quarter. Advisor Partners LLC increased its position in shares of Citigroup by 12.3% during the third quarter. Advisor Partners LLC now owns 88,323 shares of the financial services provider’s stock worth $6,101,000 after acquiring an additional 9,701 shares in the last quarter. Finally, Northpointe Capital LLC increased its position in shares of Citigroup by 0.9% during the third quarter. Northpointe Capital LLC now owns 102,048 shares of the financial services provider’s stock worth $7,049,000 after acquiring an additional 943 shares in the last quarter. Hedge funds and other institutional investors own 76.69% of the company’s stock.

Several equities research analysts have recently commented on C shares. Keefe, Bruyette & Woods raised shares of Citigroup from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $86.00 in a research report on Friday, July 26th. BMO Capital Markets downgraded shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. UBS Group upped their price objective on shares of Citigroup from $87.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America downgraded shares of Citigroup to a “hold” rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $79.75.

C stock traded up $0.03 during trading on Thursday, reaching $69.53. The stock had a trading volume of 6,015,529 shares, compared to its average volume of 12,169,762. Citigroup Inc has a one year low of $48.42 and a one year high of $73.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $67.93 and its two-hundred day moving average is $67.54. The company has a market capitalization of $158.68 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 0.80 and a beta of 1.80.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.12. The firm had revenue of $18.57 billion for the quarter, compared to analysts’ expectations of $18.54 billion. Citigroup had a net margin of 18.24% and a return on equity of 10.10%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.73 earnings per share. As a group, research analysts predict that Citigroup Inc will post 7.54 earnings per share for the current fiscal year.

In other Citigroup news, insider Michael Whitaker sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $62.03, for a total value of $465,225.00. Following the transaction, the insider now directly owns 93,848 shares in the company, valued at $5,821,391.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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