Citigroup INC (C) Shareholder Brandywine Global Investment Management LLC Has Decreased …



June 14, 2018 – By Nellie Frank

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.18, from 1.07 in 2017Q4. It dropped, 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. Hl Financial Limited Company holds 82,683 shares or 0.1% of its portfolio. Phocas Fincl Corporation holds 7,597 shares or 0.09% of its portfolio. Hbk Sorce Advisory Ltd Liability Com reported 7,640 shares or 0.06% of all its holdings. Bollard Group Inc Lc holds 1,113 shares or 0% of its portfolio. Fred Alger Mgmt holds 0.27% or 869,940 shares. Credit Suisse Ag stated it has 6.74M shares. C World Wide Group Incorporated Holdg A S reported 6.68M shares stake. Texas-based Teacher Retirement Systems Of Texas has invested 0.67% in Citigroup Inc. (NYSE:C). Abner Herrman & Brock Limited Liability Com has 2.55% invested in Citigroup Inc. (NYSE:C) for 238,247 shares. Stonebridge Capital Limited Liability Company accumulated 50,811 shares or 0.79% of the stock. Jpmorgan Chase & Company has 0.68% invested in Citigroup Inc. (NYSE:C) for 46.77 million shares. Shell Asset, Netherlands-based fund reported 290,297 shares. 10 holds 0.07% in Citigroup Inc. (NYSE:C) or 4,182 shares. 831,279 are owned by Seminole Mngmt Co. Parsons Cap Mngmt Inc Ri reported 0.42% in Citigroup Inc. (NYSE:C).

Since February 27, 2018, it had 0 buys, and 7 insider sales for $5.91 million activity. 7,000 Citigroup Inc. (NYSE:C) shares with value of $536,410 were sold by Callahan Don. Gerspach John C sold $937,571 worth of stock or 12,966 shares. Forese James A. had sold 6,466 shares worth $500,666. 32,400 shares were sold by Fraser Jane Nind, worth $2.51M on Tuesday, February 27. $263,126 worth of Citigroup Inc. (NYSE:C) was sold by MURRAY JOSEPH MICHAEL.

Brandywine Global Investment Management Llc decreased its stake in Citigroup Inc (C) by 3.41% based on its latest 2018Q1 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 251,413 shares as the company’s stock declined 11.86% with the market. The institutional investor held 7.13M shares of the major banks company at the end of 2018Q1, valued at $480.94 million, down from 7.38 million at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $168.55B market cap company. The stock decreased 1.77% or $1.19 during the last trading session, reaching $66.1. About 11.41 million shares traded. Citigroup Inc. (NYSE:C) has risen 10.48% since June 14, 2017 and is uptrending. It has underperformed by 2.09% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.87B US Long portfolio, upped its stake in Lowes Cos Inc (NYSE:LOW) by 42,215 shares to 858,035 shares, valued at $75.29M in 2018Q1, according to the filing. It also increased its holding in Aptiv Plc by 243,327 shares in the quarter, for a total of 243,360 shares, and has risen its stake in Ryder Sys Inc (NYSE:R).

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 10.59 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: Seekingalpha.com which released: “Citigroup Will Thrive Regardless Of Interest Rates” on June 08, 2018, also Benzinga.com with their article: “Ahead Of Fed, AT&T-Time Warner Ruling Injects Some Optimism Into Market” published on June 13, 2018, Streetinsider.com published: “Wells Fargo Doubles Down On Long US Bank Call” on June 14, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup Inc. (C) Management presents at Morgan Stanley Financials Conference (Transcript)” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Citi warns on bank job automation” with publication date: June 12, 2018.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 15 analysts covering Citigroup (NYSE:C), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Citigroup had 22 analyst reports since December 20, 2017 according to SRatingsIntel. The firm has “Buy” rating by Wells Fargo given on Wednesday, January 17. On Friday, April 6 the stock rating was upgraded by Vining Sparks to “Buy”. The firm earned “Hold” rating on Friday, April 13 by BMO Capital Markets. As per Thursday, March 15, the company rating was maintained by Morgan Stanley. On Wednesday, April 11 the stock rating was upgraded by HSBC to “Buy”. On Friday, February 2 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Sunday, April 15 by Jefferies. Wood downgraded Citigroup Inc. (NYSE:C) on Wednesday, January 17 to “Market Perform” rating. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, January 16. The rating was maintained by Wells Fargo on Wednesday, December 20 with “Buy”.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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