Overbrook Management Corp adds Citigroup Inc (C) to its portfolio

Citigroup Inc (C) : Overbrook Management Corp added new position in Citigroup Inc during the most recent quarter end. The investment management firm now holds 765,313 shares of Citigroup Inc which is valued at $34,882,967 , the company said in a statement filed on Aug 11, 2016 with the SEC.Citigroup Inc makes up approximately 6.90% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in C in the latest quarter, The investment management firm added 40,668 additional shares and now holds a total of 6,503,988 shares of Citigroup Inc which is valued at $296,451,773. Citigroup Inc makes up approx 0.50% of Teachers Advisors Inc’s portfolio.Klingman Associates reduced its stake in C by selling 5 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 5,792 shares of C which is valued at $264,810. Citigroup Inc makes up approx 0.08% of Klingman Associates’s portfolio.Carnegie Capital Asset Management reduced its stake in C by selling 1,088 shares or 5.23% in the most recent quarter. The Hedge Fund company now holds 19,731 shares of C which is valued at $865,994. Citigroup Inc makes up approx 0.12% of Carnegie Capital Asset Management’s portfolio.Mu Investments Ltd. reduced its stake in C by selling 5,100 shares or 43.22% in the most recent quarter. The Hedge Fund company now holds 6,700 shares of C which is valued at $296,743. Citigroup Inc makes up approx 0.19% of Mu Investments Ltd.’s portfolio.Orca Investment Management reduced its stake in C by selling 257 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 14,165 shares of C which is valued at $627,368. Citigroup Inc makes up approx 0.59% of Orca Investment Management’s portfolio.

Citigroup Inc closed down -0.07 points or -0.15% at $46.59 with 1,33,45,328 shares getting traded on Tuesday. Post opening the session at $46.9, the shares hit an intraday low of $46.59 and an intraday high of $47.061 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. (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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