P.r. Herzig Lowers stake in Citigroup Inc (C)

Citigroup Inc (C) : P.r. Herzig reduced its stake in Citigroup Inc by 4.09% during the most recent quarter end. The investment management company now holds a total of 23,425 shares of Citigroup Inc which is valued at $1,138,689 after selling 1,000 shares in Citigroup Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Citigroup Inc makes up approximately 2.29% of P.r. Herzig’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp reduced its stake in C by selling 1,611,487 shares or 59.2% in the most recent quarter. The Hedge Fund company now holds 1,110,634 shares of C which is valued at $53,987,919. Citigroup Inc makes up approx 0.86% of Sarasin Partners Llp’s portfolio. 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.Hexavest reduced its stake in C by selling 197,694 shares or 9.76% in the most recent quarter. The Hedge Fund company now holds 1,827,493 shares of C which is valued at $89,528,882. Citigroup Inc makes up approx 1.63% of Hexavest’s portfolio.Hollencrest Securities reduced its stake in C by selling 1,576 shares or 5.4% in the most recent quarter. The Hedge Fund company now holds 27,617 shares of C which is valued at $1,352,957. Citigroup Inc makes up approx 0.20% of Hollencrest Securities’s portfolio.Stillwater Investment Management boosted its stake in C in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 30,498 shares of Citigroup Inc which is valued at $1,483,728. Citigroup Inc makes up approx 0.81% of Stillwater Investment Management’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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