Citigroup Inc (C) : Piedmont Investment Advisors scooped up 80,763 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,497,574 shares of Citigroup Inc which is valued at $68,259,423.Citigroup Inc makes up approximately 1.37% of Piedmont Investment Advisors’s portfolio.
Other Hedge Funds, Including , Rpg Family Wealth Advisory reduced its stake in C by selling 470 shares or 16.06% in the most recent quarter. The Hedge Fund company now holds 2,456 shares of C which is valued at $111,944. Citigroup Inc makes up approx 0.05% of Rpg Family Wealth Advisory’s portfolio. Seven Eight Capital sold out all of its stake in C during the most recent quarter. The investment firm sold 48,700 shares of C which is valued $2,219,746. Formidable Asset Management sold out all of its stake in C during the most recent quarter. The investment firm sold 324 shares of C which is valued $14,768.Tredje Ap-fonden reduced its stake in C by selling 32,771 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 268,463 shares of C which is valued at $12,236,544. Citigroup Inc makes up approx 0.51% of Tredje Ap-fonden’s portfolio.Acrospire Investment Management reduced its stake in C by selling 4,200 shares or 64.62% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of C which is valued at $105,708. Citigroup Inc makes up approx 0.08% of Acrospire Investment Management’s portfolio.
Citigroup Inc closed down -0.38 points or -0.80% at $47.36 with 1,94,03,873 shares getting traded on Thursday. Post opening the session at $47.82, the shares hit an intraday low of $46.76 and an intraday high of $48.03 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.