Bp Plc Cut Citigroup INC (C) Holding by $4.42 Million as Stock Price Declined

June 21, 2018 - By Tina Thibodeau

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.18, from 1.07 in 2017Q4. It fall, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Ohio-based Victory Cap has invested 0.02% in Citigroup Inc. (NYSE:C). Ckw Grp invested in 0.02% or 1,500 shares. Boyar Asset Mgmt Inc stated it has 1.58% of its portfolio in Citigroup Inc. (NYSE:C). Howard Hughes Med Institute invested in 75,000 shares. Bradley Foster And Sargent Inc Ct invested in 0.52% or 201,732 shares. Ct Mason has 76,635 shares for 2.8% of their portfolio. Regent Investment Mgmt Limited Liability Corp invested in 40,860 shares or 0.93% of the stock. Smith Asset Mgmt Gp Limited Partnership reported 1,300 shares. Pictet & Cie (Europe) invested in 1.84% or 165,037 shares. Regions Financial accumulated 353,112 shares. Harvest Strategies Lc has invested 0.41% in Citigroup Inc. (NYSE:C). Salem Invest Counselors Incorporated holds 208,373 shares or 1.59% of its portfolio. Endurance Wealth Management Incorporated reported 10,792 shares. Moreover, Waddell Reed Financial Incorporated has 0.73% invested in Citigroup Inc. (NYSE:C). Griffin Asset has 3,050 shares.

Since February 27, 2018, it had 0 insider buys, and 7 selling transactions for $5.91 million activity. 32,400 shares were sold by Fraser Jane Nind, worth $2.51 million. MURRAY JOSEPH MICHAEL sold $263,126 worth of stock or 3,400 shares. On Wednesday, February 28 the insider Callahan Don sold $536,410. 6,466 Citigroup Inc. (NYSE:C) shares with value of $500,666 were sold by Forese James A.. Another trade for 8,010 shares valued at $611,804 was made by Hu W. Bradford on Tuesday, February 27.

Bp Plc decreased its stake in Citigroup Inc (C) by 17.98% based on its latest 2018Q1 regulatory filing with the SEC. Bp Plc sold 64,000 shares as the company’s stock declined 11.86% with the market. The hedge fund held 292,000 shares of the major banks company at the end of 2018Q1, valued at $20.16M, down from 356,000 at the end of the previous reported quarter. Bp Plc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $172.45B market cap company. The stock increased 0.37% or $0.25 during the last trading session, reaching $67.63. About 16.50 million shares traded. Citigroup Inc. (NYSE:C) has risen 10.48% since June 21, 2017 and is uptrending. It has underperformed by 2.09% the S&P500.

Bp Plc, which manages about $2.75 billion US Long portfolio, upped its stake in Tjx Companies Inc (NYSE:TJX) by 38,000 shares to 72,000 shares, valued at $5.87M in 2018Q1, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 48,000 shares in the quarter, for a total of 233,000 shares, and has risen its stake in Altria Group Inc (NYSE:MO).

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.56 earnings per share, up 22.83 % or $0.29 from last year’s $1.27 per share. C’s profit will be $3.98B for 10.84 P/E if the $1.56 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -7.14 % negative EPS growth.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Bizjournals.com which released: “Citigroup pays $100M to settle rigged interest rate charges” on June 15, 2018, also Bizjournals.com with their article: “What’s North Carolina’s piece of the $100M Citigroup settlement?” published on June 18, 2018, Investorplace.com published: “3 Key Bank Stocks Ahead of the Stress Tests” on June 20, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup Will Thrive Regardless Of Interest Rates” published on June 08, 2018 as well as 247Wallst.com‘s news article titled: “Why GE’s Dow Jones Industrial Average Removal May Be Biggest Buy Sign Ever” with publication date: June 21, 2018.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 16 analysts covering Citigroup (NYSE:C), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Citigroup has $100.0 highest and $7400 lowest target. $80.75’s average target is 19.40% above currents $67.63 stock price. Citigroup had 21 analyst reports since January 2, 2018 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Wednesday, June 20. Morgan Stanley maintained Citigroup Inc. (NYSE:C) rating on Friday, February 2. Morgan Stanley has “Overweight” rating and $92 target. Keefe Bruyette & Woods maintained Citigroup Inc. (NYSE:C) on Wednesday, April 4 with “Hold” rating. On Monday, April 30 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating given on Friday, April 6 by Vining Sparks. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Tuesday, January 16 by Jefferies. The firm has “Hold” rating by BMO Capital Markets given on Friday, April 13. The firm has “Buy” rating by DZ Bank given on Wednesday, February 7. Sandler O’Neill maintained Citigroup Inc. (NYSE:C) rating on Tuesday, January 16. Sandler O’Neill has “Buy” rating and $89.0 target. The firm earned “Buy” rating on Wednesday, April 11 by HSBC.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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