Gulf International Bank (uk) Ltd buys $43,422,043 stake in Citigroup Inc (C)

Citigroup Inc (C) : Gulf International Bank (uk) Ltd scooped up 1,700 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 895,854 shares of Citigroup Inc which is valued at $43,422,043.Citigroup Inc makes up approximately 0.72% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in C by selling 698,429 shares or 25.76% in the most recent quarter. The Hedge Fund company now holds 2,012,942 shares of C which is valued at $97,567,299. Citigroup Inc makes up approx 4.31% of Cornerstone Investment Partners’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in C by selling 20,430 shares or 51.97% in the most recent quarter. The Hedge Fund company now holds 18,880 shares of C which is valued at $924,931. Citigroup Inc makes up approx 0.24% of Daiwa Sb Investments Ltd.’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.Carroll Financial Associates boosted its stake in C in the latest quarter, The investment management firm added 526 additional shares and now holds a total of 4,559 shares of Citigroup Inc which is valued at $225,898. Citigroup Inc makes up approx 0.03% of Carroll Financial Associates’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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