Shelton Capital Management Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Shelton Capital Management reduced its stake in Citigroup Inc by 0.28% during the most recent quarter end. The investment management company now holds a total of 69,717 shares of Citigroup Inc which is valued at $3,059,879 after selling 199 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Citigroup Inc makes up approximately 0.27% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in C in the latest quarter, The investment management firm added 38,958 additional shares and now holds a total of 606,454 shares of Citigroup Inc which is valued at $26,617,266. Citigroup Inc makes up approx 0.36% of Ngam Advisors’s portfolio.Financial Architects Inc boosted its stake in C in the latest quarter, The investment management firm added 4,999 additional shares and now holds a total of 8,787 shares of Citigroup Inc which is valued at $389,176. Citigroup Inc makes up approx 0.11% of Financial Architects Inc’s portfolio.Atalanta Sosnoff Capital reduced its stake in C by selling 262,817 shares or 19.52% in the most recent quarter. The Hedge Fund company now holds 1,083,733 shares of C which is valued at $47,998,535. Citigroup Inc makes up approx 1.56% of Atalanta Sosnoff Capital’s portfolio.Davis-rea Ltd. boosted its stake in C in the latest quarter, The investment management firm added 5,280 additional shares and now holds a total of 28,470 shares of Citigroup Inc which is valued at $1,261,221. Citigroup Inc makes up approx 0.82% of Davis-rea Ltd.’s portfolio.Laurel Grove Capital reduced its stake in C by selling 4,000 shares or 25.97% in the most recent quarter. The Hedge Fund company now holds 11,400 shares of C which is valued at $505,020. Citigroup Inc makes up approx 0.30% of Laurel Grove Capital’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.

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