Blackrock Group Ltd Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Blackrock Group Ltd reduced its stake in Citigroup Inc by 6.01% during the most recent quarter end. The investment management company now holds a total of 26,898,535 shares of Citigroup Inc which is valued at $1,159,595,844 after selling 1,720,375 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Citigroup Inc makes up approximately 0.63% of Blackrock Group Ltd’s portfolio.

Other Hedge Funds, Including , Lsv Asset Management boosted its stake in C in the latest quarter, The investment management firm added 308,780 additional shares and now holds a total of 12,814,308 shares of Citigroup Inc which is valued at $552,424,818. Citigroup Inc makes up approx 1.18% of Lsv Asset Management’s portfolio.Ssi Investment Management Inc boosted its stake in C in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 20,189 shares of Citigroup Inc which is valued at $870,348. Citigroup Inc makes up approx 0.26% of Ssi Investment Management Inc’s portfolio.Kahn Brothers Group Inc De boosted its stake in C in the latest quarter, The investment management firm added 14,355 additional shares and now holds a total of 1,138,440 shares of Citigroup Inc which is valued at $49,078,148. Citigroup Inc makes up approx 9.43% of Kahn Brothers Group Inc De’s portfolio.Capital Fund Management S.a. boosted its stake in C in the latest quarter, The investment management firm added 822,577 additional shares and now holds a total of 959,529 shares of Citigroup Inc which is valued at $42,612,683. Citigroup Inc makes up approx 0.74% of Capital Fund Management S.a.’s portfolio.Compton Capital Management Inc Ri boosted its stake in C in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 11,359 shares of Citigroup Inc which is valued at $504,453. Citigroup Inc makes up approx 0.29% of Compton Capital Management Inc Ri’s portfolio.

Citigroup Inc opened for trading at $43.11 and hit $43.5 on the upside on Monday, eventually ending the session at $43.15, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 1,71,58,384 shares. Company has a market cap of $126,642 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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