Welch Capital Partnersny buys $12.8 Million stake in Citigroup Inc (C)

Citigroup Inc (C) : Welch Capital Partnersny scooped up 474 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 296,976 shares of Citigroup Inc which is valued at $12.8 Million.Citigroup Inc makes up approximately 4.71% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Fukoku Mutual Life Insurance Co reduced its stake in C by selling 34,900 shares or 73.04% in the most recent quarter. The Hedge Fund company now holds 12,880 shares of C which is valued at $555,257. Citigroup Inc makes up approx 0.12% of Fukoku Mutual Life Insurance Co’s portfolio.New York State Common Retirement Fund reduced its stake in C by selling 123,194 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 10,483,610 shares of C which is valued at $465.6 Million. Citigroup Inc makes up approx 0.71% of New York State Common Retirement Fund’s portfolio.State Of Wisconsin Investment Board reduced its stake in C by selling 441,020 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 3,695,806 shares of C which is valued at $164.1 Million. Citigroup Inc makes up approx 0.64% of State Of Wisconsin Investment Board’s portfolio. Oxbow Advisors sold out all of its stake in C during the most recent quarter. The investment firm sold 83,140 shares of C which is valued $3.7 Million.Candriam Luxembourg S.c.a. reduced its stake in C by selling 109,221 shares or 28.24% in the most recent quarter. The Hedge Fund company now holds 277,509 shares of C which is valued at $12.8 Million. Citigroup Inc makes up approx 0.32% of Candriam Luxembourg S.c.a.’s portfolio.

Citigroup Inc opened for trading at $43.11 and hit $43.5 on the upside on Monday, eventually ending the session at $43.15, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 1,71,58,384 shares. Company has a market cap of $126,642 M.

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.

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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