Assetmark cut its position in shares of Citigroup Inc. (NYSE:C) by 66.7% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,919 shares of the financial services provider’s stock after selling 25,851 shares during the period. Assetmark’s holdings in Citigroup were worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in C. Detwiler Fenton Investment Management bought a new stake in Citigroup during the fourth quarter valued at about $232,000. Kistler-Tiffany Companies raised its stake in Citigroup by 55.2% in the fourth quarter. Kistler-Tiffany Companies now owns 5,174 shares of the financial services provider’s stock valued at $273,000 after buying an additional 1,840 shares during the last quarter. Centre Asset Management raised its stake in Citigroup by 107.5% in the fourth quarter. Centre Asset Management now owns 8,880 shares of the financial services provider’s stock valued at $460,000 after buying an additional 4,600 shares during the last quarter. EQIS Capital Management raised its stake in Citigroup by 7.5% in the fourth quarter. EQIS Capital Management now owns 13,501 shares of the financial services provider’s stock valued at $699,000 after buying an additional 946 shares during the last quarter. Finally, Stillwater Investment Management raised its stake in Citigroup by 1.0% in the fourth quarter. Stillwater Investment Management now owns 29,323 shares of the financial services provider’s stock valued at $1,517,000 after buying an additional 299 shares during the last quarter.

Citigroup Inc. (NYSE:C) traded up 2.40% on Tuesday, hitting $40.50. 23,508,444 shares of the stock were exchanged. The company has a 50-day moving average of $48.68 and a 200 day moving average of $52.75. The firm has a market cap of $119.61 billion and a P/E ratio of 7.50. Citigroup Inc. has a 12 month low of $39.44 and a 12 month high of $60.95.

Citigroup (NYSE:C) last issued its earnings results on Thursday, January 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The company earned $18.50 billion during the quarter. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. Equities research analysts expect that Citigroup Inc. will post $5.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Shareholders of record on Monday, February 1st will be given a $0.05 dividend. The ex-dividend date is Thursday, January 28th. This represents a $0.20 annualized dividend and a yield of 0.49%.

Several equities analysts have recently commented on C shares. Barclays reaffirmed a “buy” rating and issued a $70.00 target price on shares of Citigroup in a research report on Wednesday, January 20th. Portales Partners raised Citigroup from an “underperform” rating to a “sector perform” rating in a research report on Thursday, January 7th. Oppenheimer reissued a “buy” rating on shares of Citigroup in a research report on Saturday, October 17th. Zacks Investment Research raised Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Goldman Sachs reduced their price target on Citigroup from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.63.

In other Citigroup news, CEO Michael Corbat purchased 25,000 shares of the firm’s stock in a transaction on Friday, January 22nd. The shares were acquired at an average cost of $41.05 per share, for a total transaction of $1,026,250.00. Following the completion of the transaction, the chief executive officer now owns 380,765 shares of the company’s stock, valued at $15,630,403.25. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Citigroup Inc. (NYSE:C) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings. Citicorp consists of the operating businesses: Global Consumer Banking, which consists of consumer banking in North America, EMEA, Latin America and Asia, and Institutional Clients Group, which includes Banking and Markets and securities services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. Citi’s consumer operations, as well as the consumer finance business in Korea and certain businesses in ICG form part of Citi Holdings.

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