Citigroup Inc (C) : Cornerstone Investment Partners scooped up 202,989 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 2,711,371 shares of Citigroup Inc which is valued at $117,483,705.Citigroup Inc makes up approximately 3.95% of Cornerstone Investment Partners’s portfolio.
Other Hedge Funds, Including , Fisher Asset Management boosted its stake in C in the latest quarter, The investment management firm added 35,754 additional shares and now holds a total of 12,055,501 shares of Citigroup Inc which is valued at $522,364,858. Citigroup Inc makes up approx 1.00% of Fisher Asset Management’s portfolio.Stillwater Capital Advisors boosted its stake in C in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 16,518 shares of Citigroup Inc which is valued at $715,725. Citigroup Inc makes up approx 0.21% of Stillwater Capital Advisors’s portfolio.Ct Financial Advisors reduced its stake in C by selling 32 shares or 29.09% in the most recent quarter. The Hedge Fund company now holds 78 shares of C which is valued at $3,274.First Premier Bank reduced its stake in C by selling 787 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 16,744 shares of C which is valued at $702,913. Citigroup Inc makes up approx 0.53% of First Premier Bank’s portfolio.
Citigroup Inc closed down -0.12 points or -0.27% at $44.33 with 2,91,98,761 shares getting traded on Friday. Post opening the session at $45, the shares hit an intraday low of $43.845 and an intraday high of $45.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Citigroup Inc reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.10. The company had revenue of $17548.00 million for the quarter, compared to analysts expectations of $17482.92 million. During the same quarter in the previous year, the company posted $1.45 EPS.
Many Wall Street Analysts have commented on Citigroup Inc. Berenberg Initiated Citigroup Inc on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $50.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.
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.