Edge Wealth Management buys $525,463 stake in Citigroup Inc (C)

Citigroup Inc (C) : Edge Wealth Management scooped up 10,000 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 10,841 shares of Citigroup Inc which is valued at $525,463.Citigroup Inc makes up approximately 0.22% of Edge Wealth Management’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na added C to its portfolio by purchasing 4,916 company shares during the most recent quarter which is valued at $238,279. Citigroup Inc makes up approx 0.06% of Private Trust Co Na’s portfolio.Genesee Valley Trust Co boosted its stake in C in the latest quarter, The investment management firm added 4,967 additional shares and now holds a total of 19,606 shares of Citigroup Inc which is valued at $960,498. Citigroup Inc makes up approx 0.62% of Genesee Valley Trust Co’s portfolio.Ct Financial Advisors reduced its stake in C by selling 32 shares or 29.09% in the most recent quarter. The Hedge Fund company now holds 78 shares of C which is valued at $3,821.Exxonmobil Investment Management Inc Tx reduced its stake in C by selling 17,861 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 741,846 shares of C which is valued at $36,558,171. Citigroup Inc makes up approx 0.77% of Exxonmobil Investment Management Inc Tx’s portfolio.Advisory Services Network boosted its stake in C in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 13,072 shares of Citigroup Inc which is valued at $644,188. Citigroup Inc makes up approx 0.12% of Advisory Services Network’s portfolio.

Citigroup Inc closed down -0.56 points or -1.13% at $48.99 with 1,60,33,289 shares getting traded on Tuesday. Post opening the session at $49.28, the shares hit an intraday low of $48.69 and an intraday high of $49.65 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 $ 0.08 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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