Nwq Investment Management Company Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Nwq Investment Management Company reduced its stake in Citigroup Inc by 8.48% during the most recent quarter end. The investment management company now holds a total of 3,103,639 shares of Citigroup Inc which is valued at $141,463,866 after selling 287,672 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Citigroup Inc makes up approximately 2.31% of Nwq Investment Management Company’s portfolio.

Other Hedge Funds, Including , Tetrem Capital Management Ltd. reduced its stake in C by selling 344,086 shares or 26.86% in the most recent quarter. The Hedge Fund company now holds 936,804 shares of C which is valued at $42,699,526. Citigroup Inc makes up approx 1.58% of Tetrem Capital Management Ltd.’s portfolio.Cannell Peter B Co Inc boosted its stake in C in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 14,695 shares of Citigroup Inc which is valued at $669,798. Citigroup Inc makes up approx 0.02% of Cannell Peter B Co Inc’s portfolio.Truepoint boosted its stake in C in the latest quarter, The investment management firm added 3,385 additional shares and now holds a total of 253,694 shares of Citigroup Inc which is valued at $11,134,630. Citigroup Inc makes up approx 1.37% of Truepoint’s portfolio. Ifc Holdings Incorporatedfl added C to its portfolio by purchasing 7,971 company shares during the most recent quarter which is valued at $349,847. Citigroup Inc makes up approx 0.04% of Ifc Holdings Incorporatedfl’s portfolio.Private Bank Trust Co boosted its stake in C in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 7,594 shares of Citigroup Inc which is valued at $338,465. Citigroup Inc makes up approx 0.05% of Private Bank Trust Co’s portfolio.

Citigroup Inc opened for trading at $47.19 and hit $47.69 on the upside on Monday, eventually ending the session at $47.26, with a gain of 0.32% or 0.15 points. The heightened volatility saw the trading volume jump to 1,66,99,972 shares. Company has a market cap of $137,308 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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