Nepsis Capital Management Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Nepsis Capital Management reduced its stake in Citigroup Inc by 13.86% during the most recent quarter end. The investment management company now holds a total of 144,820 shares of Citigroup Inc which is valued at $6,275,051 after selling 23,296 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Citigroup Inc makes up approximately 3.47% of Nepsis Capital Management’s portfolio.

Other Hedge Funds, Including , Abner Herrman Brock reduced its stake in C by selling 575 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 166,364 shares of C which is valued at $7,208,552. Citigroup Inc makes up approx 1.67% of Abner Herrman Brock’s portfolio.Triangle Securities Wealth Management reduced its stake in C by selling 1,240 shares or 7.03% in the most recent quarter. The Hedge Fund company now holds 16,407 shares of C which is valued at $688,766. Citigroup Inc makes up approx 0.51% of Triangle Securities Wealth Management’s portfolio.Private Asset Management Inc boosted its stake in C in the latest quarter, The investment management firm added 3,717 additional shares and now holds a total of 252,058 shares of Citigroup Inc which is valued at $10,581,395. Citigroup Inc makes up approx 1.84% of Private Asset Management Inc’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.

Leave a Reply

Citigroup Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Citigroup Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.