Psagot Investment House Ltd. Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Psagot Investment House Ltd. reduced its stake in Citigroup Inc by 45.4% during the most recent quarter end. The investment management company now holds a total of 121,146 shares of Citigroup Inc which is valued at $5,540,007 after selling 100,721 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Citigroup Inc makes up approximately 0.23% of Psagot Investment House Ltd.’s portfolio.

Other Hedge Funds, Including , Wesbanco Bank Inc reduced its stake in C by selling 8,495 shares or 49.13% in the most recent quarter. The Hedge Fund company now holds 8,796 shares of C which is valued at $402,241. Citigroup Inc makes up approx 0.02% of Wesbanco Bank Inc’s portfolio.Financial Partners Capital Management boosted its stake in C in the latest quarter, The investment management firm added 6,058 additional shares and now holds a total of 282,051 shares of Citigroup Inc which is valued at $12,379,218. Citigroup Inc makes up approx 3.30% of Financial Partners Capital Management’s portfolio.Bbva Compass Bancshares Inc boosted its stake in C in the latest quarter, The investment management firm added 54,545 additional shares and now holds a total of 130,723 shares of Citigroup Inc which is valued at $5,726,975. Citigroup Inc makes up approx 0.42% of Bbva Compass Bancshares Inc’s portfolio.Terra Nova Asset Management reduced its stake in C by selling 2,000 shares or 28.99% in the most recent quarter. The Hedge Fund company now holds 4,900 shares of C which is valued at $217,021. Citigroup Inc makes up approx 0.36% of Terra Nova Asset Management’s portfolio.Gemmer Asset Management boosted its stake in C in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 2,165 shares of Citigroup Inc which is valued at $95,910. Citigroup Inc makes up approx 0.05% of Gemmer Asset Management’s portfolio.

Citigroup Inc opened for trading at $46.51 and hit $46.8 on the upside on Wednesday, eventually ending the session at $46.63, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 1,78,99,305 shares. Company has a market cap of $135,478 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.

Leave a Reply

Citigroup Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Citigroup Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.