Fil Ltd Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Fil Ltd reduced its stake in Citigroup Inc by 3.88% during the most recent quarter end. The investment management company now holds a total of 13,743,619 shares of Citigroup Inc which is valued at $626,434,154 after selling 554,513 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Citigroup Inc makes up approximately 1.90% of Fil Ltd’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in C by selling 30,770 shares or 16.13% in the most recent quarter. The Hedge Fund company now holds 160,005 shares of C which is valued at $7,293,028. Citigroup Inc makes up approx 0.09% of Hightower Advisors’s portfolio.Tci Wealth Advisors reduced its stake in C by selling 200 shares or 9.83% in the most recent quarter. The Hedge Fund company now holds 1,835 shares of C which is valued at $83,915. Citigroup Inc makes up approx 0.05% of Tci Wealth Advisors’s portfolio.Shelton Capital Management reduced its stake in C by selling 199 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 69,717 shares of C which is valued at $3,059,879. Citigroup Inc makes up approx 0.27% of Shelton Capital Management’s portfolio.Trust Co Of Vermont reduced its stake in C by selling 76 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 3,854 shares of C which is valued at $171,387. Citigroup Inc makes up approx 0.02% of Trust Co Of Vermont’s portfolio.

Citigroup Inc closed down -0.07 points or -0.15% at $46.59 with 1,33,45,328 shares getting traded on Tuesday. Post opening the session at $46.9, the shares hit an intraday low of $46.59 and an intraday high of $47.061 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. 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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