Strs Ohio buys $184,451,286 stake in Citigroup Inc (C)

Citigroup Inc (C) : Strs Ohio scooped up 206,512 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 4,164,626 shares of Citigroup Inc which is valued at $184,451,286.Citigroup Inc makes up approximately 0.79% of Strs Ohio’s portfolio.

Other Hedge Funds, Including , Conning boosted its stake in C in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 84,645 shares of Citigroup Inc which is valued at $3,748,927. Citigroup Inc makes up approx 0.16% of Conning’s portfolio.Nikko Asset Management Americas reduced its stake in C by selling 12,300 shares or 45.22% in the most recent quarter. The Hedge Fund company now holds 14,900 shares of C which is valued at $662,603. Citigroup Inc makes up approx 0.06% of Nikko Asset Management Americas’s portfolio. Hefty Wealth Partners sold out all of its stake in C during the most recent quarter. The investment firm sold 242 shares of C which is valued $10,486.Patten Patten Inctn reduced its stake in C by selling 2,030 shares or 12.11% in the most recent quarter. The Hedge Fund company now holds 14,737 shares of C which is valued at $618,659. Citigroup Inc makes up approx 0.08% of Patten Patten Inctn’s portfolio.Laurel Wealth Advisors reduced its stake in C by selling 1,616 shares or 14.6% in the most recent quarter. The Hedge Fund company now holds 9,450 shares of C which is valued at $396,711. Citigroup Inc makes up approx 0.19% of Laurel Wealth Advisors’s portfolio.

Citigroup Inc closed down -0.27 points or -0.61% at $43.81 with 1,37,73,743 shares getting traded on Friday. Post opening the session at $43.87, the shares hit an intraday low of $43.76 and an intraday high of $44.16 and the price fluctuated in this range throughout the day.Shares ended Friday 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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