Trinity Street Asset Management Llp buys $39,611,707 stake in Citigroup Inc (C)

Citigroup Inc (C) : Trinity Street Asset Management Llp scooped up 9,978 additional shares in Citigroup Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 799,429 shares of Citigroup Inc which is valued at $39,611,707.Citigroup Inc makes up approximately 6.86% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Gradient Investments boosted its stake in C in the latest quarter, The investment management firm added 164 additional shares and now holds a total of 394 shares of Citigroup Inc which is valued at $19,523.Trust Co Of Oklahoma reduced its stake in C by selling 413 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 27,145 shares of C which is valued at $1,337,706. Citigroup Inc makes up approx 0.74% of Trust Co Of Oklahoma’s portfolio.First Mercantile Trust Co reduced its stake in C by selling 5,325 shares or 18.28% in the most recent quarter. The Hedge Fund company now holds 23,800 shares of C which is valued at $1,172,864. Citigroup Inc makes up approx 0.16% of First Mercantile Trust Co’s portfolio.Private Asset Management Inc boosted its stake in C in the latest quarter, The investment management firm added 947 additional shares and now holds a total of 253,005 shares of Citigroup Inc which is valued at $12,308,693. Citigroup Inc makes up approx 2.08% of Private Asset Management Inc’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 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 $ 0.14 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. 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.

Leave a Reply

Citigroup Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Citigroup Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.