Hollencrest Securities Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Hollencrest Securities reduced its stake in Citigroup Inc by 25.57% during the most recent quarter end. The investment management company now holds a total of 29,502 shares of Citigroup Inc which is valued at $1.2 Million after selling 10,135 shares in Citigroup Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Citigroup Inc makes up approximately 0.21% of Hollencrest Securities’s portfolio.

Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in C in the latest quarter, The investment management firm added 327 additional shares and now holds a total of 29,650 shares of Citigroup Inc which is valued at $1.2 Million. Citigroup Inc makes up approx 0.73% of Stillwater Investment Management’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 opened for trading at $40.74 and hit $41.51 on the upside on Monday, eventually ending the session at $41.12, with a gain of 1.61% or 0.65 points. The heightened volatility saw the trading volume jump to 2,10,83,686 shares. Company has a market cap of $121,227 M.

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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