Amalgamated Bank Has $22.78 Million Holdings in Citigroup Inc (C)
Amalgamated Bank raised its stake in Citigroup Inc (NYSE:C) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,193 shares of the financial services provider’s stock after buying an additional 2,728 shares during the quarter. Citigroup accounts for about 0.7% of Amalgamated Bank’s portfolio, making the stock its 22nd largest position. Amalgamated Bank’s holdings in Citigroup were worth $22,782,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Catamount Wealth Management acquired a new stake in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Balentine LLC raised its position in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC raised its position in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Citigroup during the second quarter worth about $123,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
Citigroup Inc (NYSE:C) opened at $76.84 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $203,170.00, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Citigroup Inc has a one year low of $55.23 and a one year high of $77.92.
C has been the topic of a number of research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $83.00 price target (up previously from $73.00) on shares of Citigroup in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Citigroup in a research report on Wednesday, September 27th. Finally, Nomura lifted their target price on Citigroup from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and a consensus price target of $77.92.
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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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