Blue Bell Private Wealth Management Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : Blue Bell Private Wealth Management reduced its stake in Citigroup Inc by 16.0% during the most recent quarter end. The investment management company now holds a total of 1,417 shares of Citigroup Inc which is valued at $68,880 after selling 270 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Citigroup Inc makes up approximately 0.04% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co reduced its stake in C by selling 1,000 shares or 2.61% in the most recent quarter. The Hedge Fund company now holds 37,371 shares of C which is valued at $1,816,604. Citigroup Inc makes up approx 0.03% of Duff Phelps Investment Management Co’s portfolio.Atria Investments boosted its stake in C in the latest quarter, The investment management firm added 583 additional shares and now holds a total of 13,255 shares of Citigroup Inc which is valued at $649,362. Citigroup Inc makes up approx 0.06% of Atria Investments’s portfolio.Chicago Trust Co Na boosted its stake in C in the latest quarter, The investment management firm added 2,330 additional shares and now holds a total of 38,664 shares of Citigroup Inc which is valued at $1,894,149. Citigroup Inc makes up approx 0.87% of Chicago Trust Co Na’s portfolio.Academy Capital Management Inctx reduced its stake in C by selling 761 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 672,402 shares of C which is valued at $33,135,971. Citigroup Inc makes up approx 8.87% of Academy Capital Management Inctx’s portfolio.

Citigroup Inc opened for trading at $49.6 and hit $49.95 on the upside on Friday, eventually ending the session at $48.61, with a gain of 0.29% or 0.14 points. The heightened volatility saw the trading volume jump to 2,82,91,799 shares. Company has a market cap of $141,230 M.

On the company’s financial health, Citigroup Inc reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.16. The company had revenue of $17800.00 million for the quarter, compared to analysts expectations of $17315.59 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.

Many Wall Street Analysts have commented on Citigroup Inc. Citigroup Inc was Downgraded by Goldman to ” Neutral” on Sep 16, 2016. Citigroup Inc was Downgraded by Societe Generale to ” Sell” on Sep 13, 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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