Citigroup Inc (C) : Athena Global Investors reduced its stake in Citigroup Inc by 39.23% during the most recent quarter end. The investment management company now holds a total of 84,575 shares of Citigroup Inc which is valued at $3,867,615 after selling 54,591 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Citigroup Inc makes up approximately 5.78% of Athena Global Investors’s portfolio.
Other Hedge Funds, Including , Advisors Asset Management boosted its stake in C in the latest quarter, The investment management firm added 747 additional shares and now holds a total of 21,387 shares of Citigroup Inc which is valued at $978,028. Citigroup Inc makes up approx 0.02% of Advisors Asset Management’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in C by selling 77,143 shares or 69.41% in the most recent quarter. The Hedge Fund company now holds 34,000 shares of C which is valued at $1,489,540. Citigroup Inc makes up approx 0.13% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Destination Wealth Management boosted its stake in C in the latest quarter, The investment management firm added 9,042 additional shares and now holds a total of 170,960 shares of Citigroup Inc which is valued at $7,571,818. Citigroup Inc makes up approx 0.61% of Destination Wealth Management’s portfolio.Hartford Financial Management reduced its stake in C by selling 100 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 3,116 shares of C which is valued at $138,132. Citigroup Inc makes up approx 0.08% of Hartford Financial Management’s portfolio.Keel Point reduced its stake in C by selling 294 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 18,912 shares of C which is valued at $819,457. Citigroup Inc makes up approx 0.35% of Keel Point’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.