Citigroup Inc (C) : Ngam Advisors scooped up 38,958 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 606,454 shares of Citigroup Inc which is valued at $26,617,266.Citigroup Inc makes up approximately 0.36% of Ngam Advisors’s portfolio.
Other Hedge Funds, Including , Whittier Trust Co Of Nevada Inc boosted its stake in C in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 68,801 shares of Citigroup Inc which is valued at $3,014,172. Citigroup Inc makes up approx 0.33% of Whittier Trust Co Of Nevada Inc’s portfolio. Solaris Asset Management sold out all of its stake in C during the most recent quarter. The investment firm sold 355 shares of C which is valued $15,723.Acadian Asset Management reduced its stake in C by selling 377 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 35,611 shares of C which is valued at $1,583,621. Citigroup Inc makes up approx 0.01% of Acadian Asset Management’s portfolio.Benjamin F. Edwards Company reduced its stake in C by selling 388 shares or 13.98% in the most recent quarter. The Hedge Fund company now holds 2,388 shares of C which is valued at $103,472. Citigroup Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.
Citigroup Inc closed down -0.05 points or -0.11% at $43.84 with 1,17,47,861 shares getting traded on Thursday. Post opening the session at $43.74, the shares hit an intraday low of $43.66 and an intraday high of $44.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Citigroup Inc reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.10. The company had revenue of $17548.00 million for the quarter, compared to analysts expectations of $17482.92 million. During the same quarter in the previous year, the company posted $1.45 EPS.
Many Wall Street Analysts have commented on Citigroup Inc. Berenberg Initiated Citigroup Inc on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $50.Citigroup Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 8, 2016.
Citigroup Inc. (Citi) 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.