Lockheed Martin Investment Management Co buys $6,973,740 stake in Citigroup Inc (C)

Citigroup Inc (C) : Lockheed Martin Investment Management Co scooped up 126,000 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 153,000 shares of Citigroup Inc which is valued at $6,973,740.Citigroup Inc makes up approximately 0.66% of Lockheed Martin Investment Management Co’s portfolio.

Other Hedge Funds, Including , Golub Group boosted its stake in C in the latest quarter, The investment management firm added 185,125 additional shares and now holds a total of 770,325 shares of Citigroup Inc which is valued at $35,111,414. Citigroup Inc makes up approx 3.45% of Golub Group’s portfolio.First Trust Advisors Lp boosted its stake in C in the latest quarter, The investment management firm added 181,595 additional shares and now holds a total of 528,207 shares of Citigroup Inc which is valued at $24,149,624. Citigroup Inc makes up approx 0.07% of First Trust Advisors Lp’s portfolio.California Public Employees Retirement System reduced its stake in C by selling 215,900 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 8,345,779 shares of C which is valued at $366,296,240. Citigroup Inc makes up approx 0.57% of California Public Employees Retirement System’s portfolio.

Citigroup Inc opened for trading at $46.34 and hit $46.59 on the upside on Friday, eventually ending the session at $46.53, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 1,22,07,628 shares. Company has a market cap of $135,187 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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