Patriot Wealth Management buys $7,405,149 stake in Citigroup Inc (C)

Citigroup Inc (C) : Patriot Wealth Management scooped up 2,259 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 157,657 shares of Citigroup Inc which is valued at $7,405,149.Citigroup Inc makes up approximately 1.47% of Patriot Wealth Management’s portfolio.

Citigroup Inc opened for trading at $46.69 and hit $47.35 on the upside on Friday, eventually ending the session at $46.97, with a gain of 0.79% or 0.37 points. The heightened volatility saw the trading volume jump to 1,74,25,930 shares. Company has a market cap of $138,473 M.

Other Hedge Funds, Including , Fisher Asset Management reduced its stake in C by selling 10,396 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 12,019,747 shares of C which is valued at $564,567,517. Citigroup Inc makes up approx 1.10% of Fisher Asset Management’s portfolio.Bkd Wealth Advisors reduced its stake in C by selling 4,171 shares or 39.05% in the most recent quarter. The Hedge Fund company now holds 6,510 shares of C which is valued at $292,429. Citigroup Inc makes up approx 0.05% of Bkd Wealth Advisors’s portfolio.Edge Wealth Management boosted its stake in C in the latest quarter, The investment management firm added 1,512 additional shares and now holds a total of 1,876 shares of Citigroup Inc which is valued at $77,141. Citigroup Inc makes up approx 0.04% of Edge Wealth Management’s portfolio.

On the company’s financial health, Citigroup Inc reported $1.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 15, 2016. Analyst had a consensus of $1.05. The company had revenue of $17555.00 million for the quarter, compared to analysts expectations of $17444.17 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.

Investors should note that on Apr 1, 2016, Citigroup Inc announced a cash dividend of $0.0500. The company’s management has announced Apr 28, 2016 as the ex-dividend date and fixed the record date on May 2, 2016. The payable date has been fixed on May 27, 2016.

Many Wall Street Analysts have commented on Citigroup Inc. Citigroup Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Apr 18, 2016. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Shares were Reiterated by Barclays on Mar 14, 2016 to “Overweight” and Lowered the Price Target to $ 60 from a previous price target of $65 .

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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