Citigroup Inc (C) : Manufacturers Life Insurance Company The reduced its stake in Citigroup Inc by 4.48% during the most recent quarter end. The investment management company now holds a total of 18,734,835 shares of Citigroup Inc which is valued at $989,761,333 after selling 878,725 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Citigroup Inc makes up approximately 1.48% of Manufacturers Life Insurance Company The’s portfolio.
Other Hedge Funds, Including , Quinn Opportunity Partners boosted its stake in C in the latest quarter, The investment management firm added 8,400 additional shares and now holds a total of 263,245 shares of Citigroup Inc which is valued at $14,394,237. Citigroup Inc makes up approx 4.88% of Quinn Opportunity Partners’s portfolio. Rational Advisors added C to its portfolio by purchasing 15,100 company shares during the most recent quarter which is valued at $809,511. Citigroup Inc makes up approx 0.54% of Rational Advisors’s portfolio.Buckingham Capital Management Inc reduced its stake in C by selling 29,289 shares or 15.93% in the most recent quarter. The Hedge Fund company now holds 154,588 shares of C which is valued at $7,661,381. Citigroup Inc makes up approx 0.44% of Buckingham Capital Management Inc’s portfolio.Duncker Streett Co Inc boosted its stake in C in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,601 shares of Citigroup Inc which is valued at $425,577. Citigroup Inc makes up approx 0.15% of Duncker Streett Co Inc’s portfolio.
Citigroup Inc opened for trading at $55.38 and hit $55.8399 on the upside on Monday, eventually ending the session at $55.46, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 2,49,89,950 shares. Company has a market cap of $158,046 M.
On the company’s financial health, Citigroup Inc reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.16. The company had revenue of $17800.00 million for the quarter, compared to analysts expectations of $17315.59 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.
Many Wall Street Analysts have commented on Citigroup Inc. Citigroup Inc was Downgraded by Macquarie to ” Neutral” on Nov 18, 2016. Citigroup Inc was Upgraded by Morgan Stanley to ” Overweight” on Nov 14, 2016. Citigroup Inc was Downgraded by Goldman to ” Neutral” on Sep 16, 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.