E&g Advisors Lp Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : E&g Advisors Lp reduced its stake in Citigroup Inc by 8.16% during the most recent quarter end. The investment management company now holds a total of 42,780 shares of Citigroup Inc which is valued at $2,119,749 after selling 3,800 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Citigroup Inc makes up approximately 1.25% of E&g Advisors Lp’s portfolio.

Other Hedge Funds, Including , Nepsis Capital Management reduced its stake in C by selling 18,417 shares or 12.72% in the most recent quarter. The Hedge Fund company now holds 126,403 shares of C which is valued at $6,263,269. Citigroup Inc makes up approx 3.35% of Nepsis Capital Management’s portfolio.Trust Co Of Oklahoma reduced its stake in C by selling 413 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 27,145 shares of C which is valued at $1,337,706. Citigroup Inc makes up approx 0.74% of Trust Co Of Oklahoma’s portfolio.Academy Capital Management Inctx reduced its stake in C by selling 761 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 672,402 shares of C which is valued at $33,135,971. Citigroup Inc makes up approx 8.87% of Academy Capital Management Inctx’s portfolio.

Citigroup Inc closed down -0.56 points or -1.13% at $48.99 with 1,60,33,289 shares getting traded on Tuesday. Post opening the session at $49.28, the shares hit an intraday low of $48.69 and an intraday high of $49.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Citigroup Inc was Downgraded by Goldman to ” Neutral” on Sep 16, 2016. Citigroup Inc was Downgraded by Societe Generale to ” Sell” on Sep 13, 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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