Citigroup Inc (C) : Rex Capital Advisors has sold out all of its stake in Citigroup Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 7,754 shares of Citigroup Inc which is valued at $353,427.
Other Hedge Funds, Including , Seizert Capital Partners reduced its stake in C by selling 142,037 shares or 12.23% in the most recent quarter. The Hedge Fund company now holds 1,019,437 shares of C which is valued at $46,465,938. Citigroup Inc makes up approx 1.66% of Seizert Capital Partners’s portfolio.Cliftonlarsonallen Wealth Advisors reduced its stake in C by selling 131 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 16,643 shares of C which is valued at $764,912. Citigroup Inc makes up approx 0.11% of Cliftonlarsonallen Wealth Advisors’s portfolio.Neuberger Berman Group reduced its stake in C by selling 245,472 shares or 7.78% in the most recent quarter. The Hedge Fund company now holds 2,907,922 shares of C which is valued at $132,950,194. Citigroup Inc makes up approx 0.18% of Neuberger Berman Group’s portfolio.Exane Asset Management boosted its stake in C in the latest quarter, The investment management firm added 16,833 additional shares and now holds a total of 247,681 shares of Citigroup Inc which is valued at $11,323,975. Citigroup Inc makes up approx 4.06% of Exane Asset Management’s portfolio.Sg Americas Securities boosted its stake in C in the latest quarter, The investment management firm added 494,661 additional shares and now holds a total of 1,275,712 shares of Citigroup Inc which is valued at $55,991,000. Citigroup Inc makes up approx 0.42% of Sg Americas Securities’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.