Bnp Paribas Arbitrage Sa buys $507,272,383 stake in Citigroup Inc (C)

Citigroup Inc (C) : Bnp Paribas Arbitrage Sa scooped up 738,298 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 12,083,668 shares of Citigroup Inc which is valued at $507,272,383.Citigroup Inc makes up approximately 2.24% of Bnp Paribas Arbitrage Sa’s portfolio.

Other Hedge Funds, Including , Summit Financial Wealth Advisors reduced its stake in C by selling 383 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 6,513 shares of C which is valued at $273,416. Citigroup Inc makes up approx 0.11% of Summit Financial Wealth Advisors’s portfolio.New England Research Management reduced its stake in C by selling 900 shares or 10.84% in the most recent quarter. The Hedge Fund company now holds 7,400 shares of C which is valued at $301,772. Citigroup Inc makes up approx 0.26% of New England Research Management’s portfolio.Integrated Investment Consultants reduced its stake in C by selling 115 shares or 10.16% in the most recent quarter. The Hedge Fund company now holds 1,017 shares of C which is valued at $41,473. Citigroup Inc makes up approx 0.02% of Integrated Investment Consultants’s portfolio.

Citigroup Inc opened for trading at $42.39 and hit $42.75 on the upside on Monday, eventually ending the session at $42.29, with a gain of 0.74% or 0.31 points. The heightened volatility saw the trading volume jump to 1,97,52,639 shares. Company has a market cap of $124,118 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 Wells Fargo to ” Market Perform” on Jul 8, 2016. 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 .

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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