British Airways Pensions Investment Management Ltd buys $57,938,618 stake in Citigroup Inc (C)

Citigroup Inc (C) : British Airways Pensions Investment Management Ltd scooped up 199,490 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,304,630 shares of Citigroup Inc which is valued at $57,938,618.Citigroup Inc makes up approximately 1.79% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in C in the latest quarter, The investment management firm added 521 additional shares and now holds a total of 1,476 shares of Citigroup Inc which is valued at $65,549. Citigroup Inc makes up approx 0.03% of Parkside Financial Bank Trust’s portfolio.Pitcairn Co reduced its stake in C by selling 1,577 shares or 13.34% in the most recent quarter. The Hedge Fund company now holds 10,246 shares of C which is valued at $474,185. Citigroup Inc makes up approx 0.06% of Pitcairn Co’s portfolio.Huntington National Bank reduced its stake in C by selling 4,836 shares or 27.18% in the most recent quarter. The Hedge Fund company now holds 12,955 shares of C which is valued at $599,557. Citigroup Inc makes up approx 0.02% of Huntington National Bank’s portfolio.Integrated Wealth Management reduced its stake in C by selling 485 shares or 16.42% in the most recent quarter. The Hedge Fund company now holds 2,468 shares of C which is valued at $115,922. Citigroup Inc makes up approx 0.05% of Integrated Wealth Management’s portfolio.Seabridge Investment Advisors reduced its stake in C by selling 11,168 shares or 6.57% in the most recent quarter. The Hedge Fund company now holds 158,943 shares of C which is valued at $7,465,553. Citigroup Inc makes up approx 1.68% of Seabridge Investment Advisors’s portfolio.

Citigroup Inc opened for trading at $44.34 and hit $44.9 on the upside on Tuesday, eventually ending the session at $44.84, with a gain of 2.16% or 0.95 points. The heightened volatility saw the trading volume jump to 1,36,08,893 shares. Company has a market cap of $131,602 M.

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.

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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