Citigroup Inc (C) : Nn Investment Partners Holdings N.v. reduced its stake in Citigroup Inc by 19.94% during the most recent quarter end. The investment management company now holds a total of 3,827,135 shares of Citigroup Inc which is valued at $165,829,760 after selling 953,021 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Citigroup Inc makes up approximately 1.53% of Nn Investment Partners Holdings N.v.’s portfolio.
Other Hedge Funds, Including , Foundry Partners boosted its stake in C in the latest quarter, The investment management firm added 29,665 additional shares and now holds a total of 490,621 shares of Citigroup Inc which is valued at $21,258,608. Citigroup Inc makes up approx 1.99% of Foundry Partners’s portfolio.Factory Mutual Insurance Co reduced its stake in C by selling 60,000 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 2,332,869 shares of C which is valued at $101,083,214. Citigroup Inc makes up approx 1.30% of Factory Mutual Insurance Co’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.Curian Capital reduced its stake in C by selling 265,570 shares or 64.74% in the most recent quarter. The Hedge Fund company now holds 144,623 shares of C which is valued at $6,071,274. Citigroup Inc makes up approx 0.43% of Curian Capital’s portfolio.
Citigroup Inc opened for trading at $44.28 and hit $44.9 on the upside on Monday, eventually ending the session at $44.57, with a gain of 0.54% or 0.24 points. The heightened volatility saw the trading volume jump to 1,86,83,851 shares. Company has a market cap of $130,810 M.
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.