Citigroup Inc (C) : Mendon Capital Advisors Corp added new position in Citigroup Inc during the most recent quarter end. The investment management firm now holds 200,000 shares of Citigroup Inc which is valued at $8,778,000 , the company said in a statement filed on Aug 3, 2016 with the SEC.Citigroup Inc makes up approximately 1.60% of Mendon Capital Advisors Corp’s portfolio.
Other Hedge Funds, Including , Amg National Trust Bank reduced its stake in C by selling 61 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 71,341 shares of C which is valued at $3,131,156. Citigroup Inc makes up approx 0.27% of Amg National Trust Bank’s portfolio.Northern Capital Management reduced its stake in C by selling 1,290 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 76,355 shares of C which is valued at $3,381,763. Citigroup Inc makes up approx 1.45% of Northern Capital Management’s portfolio.Burt Wealth Advisors reduced its stake in C by selling 750 shares or 98.04% in the most recent quarter. The Hedge Fund company now holds 15 shares of C which is valued at $665.Advocacy Wealth Management Services reduced its stake in C by selling 55 shares or 8.97% in the most recent quarter. The Hedge Fund company now holds 558 shares of C which is valued at $24,870. Citigroup Inc makes up approx 0.01% of Advocacy Wealth Management Services’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.