Citigroup Inc (C) : Columbus Hill Capital Management added new position in Citigroup Inc during the most recent quarter end. The investment management firm now holds 500,000 shares of Citigroup Inc which is valued at $22,790,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.Citigroup Inc makes up approximately 2.52% of Columbus Hill Capital Management’s portfolio.
Other Hedge Funds, Including , Caxton Associates Lp sold out all of its stake in C during the most recent quarter. The investment firm sold 50,400 shares of C which is valued $2,297,232. K2 Principal Fund sold out all of its stake in C during the most recent quarter. The investment firm sold 10,000 shares of C which is valued $455,800.Condor Capital Management boosted its stake in C in the latest quarter, The investment management firm added 838 additional shares and now holds a total of 36,601 shares of Citigroup Inc which is valued at $1,673,398. Citigroup Inc makes up approx 0.38% of Condor Capital Management’s portfolio. Heartland Advisors Inc sold out all of its stake in C during the most recent quarter. The investment firm sold 39,003 shares of C which is valued $1,783,217.Mai Capital Management reduced its stake in C by selling 12,545 shares or 17.39% in the most recent quarter. The Hedge Fund company now holds 59,578 shares of C which is valued at $2,655,391. Citigroup Inc makes up approx 0.21% of Mai Capital Management’s portfolio.
Citigroup Inc opened for trading at $47.19 and hit $47.69 on the upside on Monday, eventually ending the session at $47.26, with a gain of 0.32% or 0.15 points. The heightened volatility saw the trading volume jump to 1,66,99,972 shares. Company has a market cap of $137,308 M.
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.