Front Barnett Associates Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Front Barnett Associates reduced its stake in Citigroup Inc by 0.28% during the most recent quarter end. The investment management company now holds a total of 123,427 shares of Citigroup Inc which is valued at $5,417,211 after selling 349 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Citigroup Inc makes up approximately 1.06% of Front Barnett Associates’s portfolio.

Other Hedge Funds, Including , Diam Ltd. boosted its stake in C in the latest quarter, The investment management firm added 10,860 additional shares and now holds a total of 342,162 shares of Citigroup Inc which is valued at $15,017,490. Citigroup Inc makes up approx 0.22% of Diam Ltd.’s portfolio.Capital Fund Management S.a. reduced its stake in C by selling 824,585 shares or 85.94% in the most recent quarter. The Hedge Fund company now holds 134,944 shares of C which is valued at $5,976,670. Citigroup Inc makes up approx 0.10% of Capital Fund Management S.a.’s portfolio.Douglas Lane Associates reduced its stake in C by selling 1,202 shares or 11.63% in the most recent quarter. The Hedge Fund company now holds 9,132 shares of C which is valued at $404,456. Citigroup Inc makes up approx 0.01% of Douglas Lane Associates’s portfolio.Mount Vernon Associates Inc Md boosted its stake in C in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 17,040 shares of Citigroup Inc which is valued at $754,702. Citigroup Inc makes up approx 1.52% of Mount Vernon Associates Inc Md’s portfolio.Eqis Capital Management reduced its stake in C by selling 833 shares or 6.37% in the most recent quarter. The Hedge Fund company now holds 12,243 shares of C which is valued at $545,671. Citigroup Inc makes up approx 0.04% of Eqis Capital Management’s portfolio.

Citigroup Inc opened for trading at $45.83 and hit $46.16 on the upside on Monday, eventually ending the session at $45.96, with a gain of 0.52% or 0.24 points. The heightened volatility saw the trading volume jump to 1,68,61,616 shares. Company has a market cap of $133,531 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.

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