Moon Capital Management Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Moon Capital Management reduced its stake in Citigroup Inc by 0.72% during the most recent quarter end. The investment management company now holds a total of 68,281 shares of Citigroup Inc which is valued at $3,067,183 after selling 495 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Citigroup Inc makes up approximately 3.87% of Moon Capital Management’s portfolio.

Citigroup Inc opened for trading at $44.42 and hit $45.25 on the upside on Monday, eventually ending the session at $45.11, with a gain of 0.42% or 0.19 points. The heightened volatility saw the trading volume jump to 2,29,29,947 shares. Company has a market cap of $132,990 M.

Other Hedge Funds, Including , Breton Hill Capital Ltd. reduced its stake in C by selling 29,705 shares or 43.91% in the most recent quarter. The Hedge Fund company now holds 37,951 shares of C which is valued at $1,704,759. Citigroup Inc makes up approx 0.63% of Breton Hill Capital Ltd.’s portfolio.Eagle Asset Management Inc reduced its stake in C by selling 86,484 shares or 8.07% in the most recent quarter. The Hedge Fund company now holds 985,734 shares of C which is valued at $40,533,382. Citigroup Inc makes up approx 0.28% of Eagle Asset Management Inc’s portfolio.Edge Wealth Management boosted its stake in C in the latest quarter, The investment management firm added 1,512 additional shares and now holds a total of 1,876 shares of Citigroup Inc which is valued at $77,141. Citigroup Inc makes up approx 0.04% of Edge Wealth Management’s portfolio.River Mercantile Asset Management Llp reduced its stake in C by selling 1,030 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 418,385 shares of C which is valued at $17,203,991. Citigroup Inc makes up approx 11.26% of River Mercantile Asset Management Llp’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. Citigroup Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Apr 18, 2016. Company shares were Reiterated by UBS on Apr 18, 2016 to “Buy”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .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. (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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