Rockshelter Capital Management Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Rockshelter Capital Management reduced its stake in Citigroup Inc by 2.53% during the most recent quarter end. The investment management company now holds a total of 357,358 shares of Citigroup Inc which is valued at $16,288,378 after selling 9,285 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Citigroup Inc makes up approximately 5.21% of Rockshelter Capital Management’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management added C to its portfolio by purchasing 19,019 company shares during the most recent quarter which is valued at $866,886. Citigroup Inc makes up approx 0.03% of Bluemountain Capital Management’s portfolio.Frontier Wealth Management reduced its stake in C by selling 274 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 22,975 shares of C which is valued at $1,047,201. Citigroup Inc makes up approx 0.15% of Frontier Wealth Management’s portfolio. Reilly Financial Advisors added C to its portfolio by purchasing 1,410 company shares during the most recent quarter which is valued at $61,885. Citigroup Inc makes up approx 0.01% of Reilly Financial Advisors’s portfolio.Boston Private Wealth reduced its stake in C by selling 15,222 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 454,100 shares of C which is valued at $19,930,449. Citigroup Inc makes up approx 0.79% of Boston Private Wealth’s portfolio.Proficio Capital Partners boosted its stake in C in the latest quarter, The investment management firm added 586 additional shares and now holds a total of 14,956 shares of Citigroup Inc which is valued at $655,222. Citigroup Inc makes up approx 0.41% of Proficio Capital Partners’s portfolio.

Citigroup Inc closed down -0.07 points or -0.15% at $46.59 with 1,33,45,328 shares getting traded on Tuesday. Post opening the session at $46.9, the shares hit an intraday low of $46.59 and an intraday high of $47.061 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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