Citigroup Inc (C) : Barrow Hanley Mewhinney Strauss reduced its stake in Citigroup Inc by 1.57% during the most recent quarter end. The investment management company now holds a total of 20,870,998 shares of Citigroup Inc which is valued at $954,430,739 after selling 332,425 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Citigroup Inc makes up approximately 1.40% of Barrow Hanley Mewhinney Strauss’s portfolio.
Other Hedge Funds, Including , Hellman Jordan Management Co Inc reduced its stake in C by selling 16,141 shares or 59.8% in the most recent quarter. The Hedge Fund company now holds 10,852 shares of C which is valued at $496,262. Citigroup Inc makes up approx 0.87% of Hellman Jordan Management Co Inc’s portfolio.Rehmann Capital Advisory Group reduced its stake in C by selling 302 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 8,285 shares of C which is valued at $366,943. Citigroup Inc makes up approx 0.07% of Rehmann Capital Advisory Group’s portfolio.Balasa Dinverno Foltz boosted its stake in C in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 8,110 shares of Citigroup Inc which is valued at $361,463. Citigroup Inc makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio.
Citigroup Inc opened for trading at $45.82 and hit $46.5 on the upside on Monday, eventually ending the session at $46.39, with a gain of 1.78% or 0.81 points. The heightened volatility saw the trading volume jump to 1,22,52,683 shares. Company has a market cap of $134,780 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. (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.