Twin Capital Management Inc Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Twin Capital Management Inc reduced its stake in Citigroup Inc by 5.67% during the most recent quarter end. The investment management company now holds a total of 237,552 shares of Citigroup Inc which is valued at $10,863,253 after selling 14,280 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Citigroup Inc makes up approximately 0.79% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Hm Payson Co boosted its stake in C in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 5,642 shares of Citigroup Inc which is valued at $258,009. Citigroup Inc makes up approx 0.01% of Hm Payson Co’s portfolio.New Mexico Educational Retirement Board boosted its stake in C in the latest quarter, The investment management firm added 12,300 additional shares and now holds a total of 342,026 shares of Citigroup Inc which is valued at $15,011,521. Citigroup Inc makes up approx 0.66% of New Mexico Educational Retirement Board’s portfolio. Pekin Singer Strauss Asset Management Il added C to its portfolio by purchasing 8,854 company shares during the most recent quarter which is valued at $388,602. Citigroup Inc makes up approx 0.08% of Pekin Singer Strauss Asset Management Il’s portfolio.Amica Mutual Insurance Co boosted its stake in C in the latest quarter, The investment management firm added 20,520 additional shares and now holds a total of 208,366 shares of Citigroup Inc which is valued at $9,145,184. Citigroup Inc makes up approx 0.86% of Amica Mutual Insurance Co’s portfolio. Locust Wood Capital Advisers added C to its portfolio by purchasing 20,565 company shares during the most recent quarter which is valued at $911,030. Citigroup Inc makes up approx 0.10% of Locust Wood Capital Advisers’s portfolio.

Citigroup Inc opened for trading at $45.82 and hit $46.5 on the upside on Monday, eventually ending the session at $46.39, with a gain of 1.78% or 0.81 points. The heightened volatility saw the trading volume jump to 1,22,52,683 shares. Company has a market cap of $134,780 M.

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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