Citigroup INC (C) Shares Declined While Mufg Americas Holdings Corp Increased Its Stake

June 27, 2018 - By Anthony Rauscher

Citigroup Inc. (NYSE:C) Corporate LogoBig Money Sentiment decreased to 0.89 in 2018 Q1. It has change of 0.18, from 2017Q4’s 1.07. The ratio is negative due to C positioning: 89 sold and 499 reduced. 114 funds acquired stakes and 412 increased stakes. Investors holded 1.99 billion in 2017Q4 but now own 1.90 billion shares or 4.45% less. Artisan Prtn Lp reported 11.35 million shs. Capital Fund Management Sa stated it has 0.32% of its capital in Citigroup Inc. (NYSE:C). Nomura Holdings, a Japan-based fund reported 1.15M shs. 217,196 were accumulated by Janney Ltd Liability Company. Natixis reported 0.5% stake. 3.19M are held by Neuberger Berman Group Inc Ltd Llc. Tdam Usa Inc invested 0.05% of its capital in Citigroup Inc. (NYSE:C). Eagle Capital Mgmt Limited Liability Corp invested in 5.33% or 21.33M shs. Guyasuta Invest Advsrs, a Pennsylvania-based fund reported 12,945 shs. Moreover, Profund Ltd Llc has 0.39% invested in Citigroup Inc. (NYSE:C) for 145,538 shs. Fjarde Ap holds 0.77% or 746,723 shs. 635,000 are held by American Finance. Moreover, Hm Payson Communications has 0.02% invested in Citigroup Inc. (NYSE:C). First Bankshares Of Omaha holds 10,006 shs or 0.04% of its capital. U S Incorporated reported 0.21% stake.

C had 7 insider sales and 0 buys since February 27, 2018. This’s net activity of $5.91 million. MURRAY JOSEPH MICHAEL sold 3,400 shs worth $263,126. Another trade for 32,400 shs valued at $2.51 million was made by Fraser Jane Nind on Tuesday, February 27. Forese James A. sold $500,666 worth of Citigroup Inc. (NYSE:C) on Tuesday, February 27. On Tuesday, February 27 $542,920 worth of Citigroup Inc. (NYSE:C) was sold by Gerspach John C. $536,410 worth of stock was sold by Callahan Don on Wednesday, February 28.

The stake In Citigroup Inc (C) was increased held by Mufg Americas Holdings Corp. According to 2018Q1 SEC filling the reduction is 21.4%. 50,935 shares were bought by Mufg Americas Holdings Corp as the company’s stock declined 11.86% with the market. At the end of 2018Q1, the institutional investor held 288,907 shares of the major banks company, valued at $19.50M, up from 237,972 at the end of the previous reported quarter. $171.13 billion is Citigroup Inc’s MC. C is reaching $67.11 during the last trading session, after increased 1.21%.Currently Citigroup Inc. is uptrending after 10.48% change in last June 27, 2017. C has 4.24M shares volume. C underperformed the S&P500 by 2.09%.

Mufg Americas Holdings Corp manages about $3.17 billion US Long portfolio. Its stake in Ishares Tr (GOVT) was reduced by 370,028 shares to 175,175 shares valued at $4.33 million in 2018Q1, according to the filing. Mufg Americas Holdings Corp has cut its stake in Chubb Limited and also reduced its holding in Spdr Index Shs Fds (DWX) by 98,188 shares in the quarter, for a total of 236,887 shares.

A couple more Citigroup Inc. (NYSE:C) news were posted by: Bizjournals.com which released on June 26, 2018 “San Francisco fintech that cashes in home equity raises $40 million from global banks”, also Seekingalpha.com on June 08, 2018 posted “Citigroup Will Thrive Regardless Of Interest Rates”, the next Seekingalpha.com is “Citigroup: The Largest CCAR Payout Among Mega-Cap Banks” on June 26, 2018. Businesswire.com has article titled “Citi Appointed as Depositary Bank for Autolus Therapeutics’ ADR Programme”.

Citigroup Inc. (NYSE:C) Ratings Coverage

In total 16 analysts cover Citigroup (NYSE:C). “Buy” rating has 11, “Sell” are 0, while 5 are “Hold”. (NYSE:C) has 69% bullish analysts. With $100.0 highest and $7400 lowest PT, Citigroup has $80.75 average PT or 20.32% above the current ($67.11) price. 21 are the (NYSE:C)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. The company rating was maintained by Jefferies on Sunday, April 15. In Friday, April 13 report BMO Capital Markets maintained the stock with “Hold” rating. On Monday, April 30 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, January 17 the firm has “Market Perform” rating given by Wood. On Wednesday, April 4 Keefe Bruyette & Woods maintained the shares of C in report with “Hold” rating. On Thursday, March 15 the firm has “Overweight” rating given by Morgan Stanley. On Tuesday, January 16 the rating was downgraded by Keefe Bruyette & Woods to “Hold”. On Friday, April 6 Vining Sparks upgraded Citigroup Inc. (NYSE:C) rating. Vining Sparks has “Buy” rating and $8000 target. On Tuesday, January 2 Barclays Capital maintained Citigroup Inc. (NYSE:C) with “Buy” rating. On Tuesday, January 16 the rating was maintained by Sandler O’Neill with “Buy”.

Citigroup Inc. (NYSE:C) Institutional Investors Chart

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