Dnb Asset Management As Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Dnb Asset Management As reduced its stake in Citigroup Inc by 4.0% during the most recent quarter end. The investment management company now holds a total of 2,972,175 shares of Citigroup Inc which is valued at $133,510,101 after selling 123,689 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Citigroup Inc makes up approximately 2.75% of Dnb Asset Management As’s portfolio.

Citigroup Inc closed down -0.06 points or -0.13% at $44.92 with 3,91,68,642 shares getting traded on Friday. Post opening the session at $46.45, the shares hit an intraday low of $44.6 and an intraday high of $46.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in C in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 715 shares of Citigroup Inc which is valued at $32,118. Citigroup Inc makes up approx 0.01% of Central Bank Trust Co’s portfolio.Nexus Investment Management boosted its stake in C in the latest quarter, The investment management firm added 9,850 additional shares and now holds a total of 338,850 shares of Citigroup Inc which is valued at $13,933,512. Citigroup Inc makes up approx 2.65% of Nexus Investment Management’s portfolio.Partnerre Asset Management Corp reduced its stake in C by selling 100 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 19,989 shares of C which is valued at $821,948. Citigroup Inc makes up approx 0.44% of Partnerre Asset Management Corp’s portfolio.Hollencrest Securities reduced its stake in C by selling 10,135 shares or 25.57% in the most recent quarter. The Hedge Fund company now holds 29,502 shares of C which is valued at $1,213,122. Citigroup Inc makes up approx 0.21% of Hollencrest Securities’s portfolio.

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.

Investors should note that on Apr 1, 2016, Citigroup Inc announced a cash dividend of $0.0500. The company’s management has announced Apr 28, 2016 as the ex-dividend date and fixed the record date on May 2, 2016. The payable date has been fixed on May 27, 2016.

Many Wall Street Analysts have commented on Citigroup Inc. 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 was Downgraded by Atlantic Equities to ” Neutral” on Mar 1, 2016. Shares were Reiterated by Oppenheimer on Jan 19, 2016 to “Outperform” and Lowered the Price Target to $ 66 from a previous price target of $73 .

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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