Citigroup Inc Stock Dips Despite Q1 Earnings Beat

Darnell Taylor
April 13, 2018

It worsened, as 58 investors sold C shares while 480 reduced holdings. 123 funds acquired stakes and 450 increased stakes.

Usca Ria Llc, which manages about $950.89 million and $906.03M US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 56,201 shares to 98,255 shares, valued at $9.50 million in 2017Q4, according to the filing. Amica Retiree Tru invested 0.83% of its portfolio in Citigroup Inc. (NYSE:C). Foundation Asset Management Limited Partnership reported 185,000 shs. Citigroup makes up about 6.8% of KLCM Advisors Inc.'s holdings, making the stock its 2nd largest holding. (NYSE:C) for 13,800 shs. Td Capital Mngmt Ltd Llc accumulated 0% or 1 shares. Comml Bank Of Nova Scotia Trust reported 0.12% stake. Perritt Mgmt holds 0.16% or 7,962 shares in its portfolio. Moreover, Riggs Asset Managment Inc has 2.56% invested in Citigroup Inc. (NYSE:C) for 320,587 shs. (NYSE:C). Gm Advisory Group Inc Inc Inc owns 5,172 shares. On Friday, February 2 Morgan Stanley maintained Citigroup Inc. FINRA announced in April C's total 27.66 million shorted shares. (NYSE:RHT). Geode Cap Lc stated it has 0.08% in Red Hat, Inc.

A number of brokerages have recently commented on C. HSBC raised Citigroup from a "hold" rating to a "buy" rating and boosted their price target for the stock from $82.00 to $85.00 in a research report on Wednesday. Pnc Services has invested 0% in Era Group Inc. (NYSE:RHT). Chicago Equity Ptnrs Ltd Limited Liability Company reported 4,630 shares or 0.02% of all its holdings. On Tuesday, February 27 the insider Hu W. Bradford sold $611,804. MURRAY JOSEPH MICHAEL sold 3,400 shares worth $263,126. The business's revenue was up 2.8% on a year-over-year basis. sell-side analysts expect that Citigroup will post 6.4 earnings per share for the current year. $536,410 worth of Citigroup Inc. (NYSE:C). Davis R M owns 0.01% invested in Citigroup Inc.

The stake In Citigroup Inc (C) was decreased owned by Harris Associates L P. According to 2017Q4 Securities and Exchange filling the decrease is 2.05%. Prospector Partners Llc sold 43,700 shares as the company's stock declined 9.55% with the market.

BJP ministers, who supported Kathua rape case accused, resign
Opposition National Conference and the Congress had demanded that Chief Minister Mehbooba Mufti sack the two ministers. She also accused the opposition parties of doing "dangerous politics" over the Kathua and Unnao rape cases.

Citigroup Inc reported earnings per share of $1.68 for the first quarter of the year.

During the first quarter of 2018, Citigroup Inc reported revenue of $18.87 billion. Its shares touched $72.13 on during the last trading session after 3.21% change.Citigroup uptrending after having risen 17.06% since April 13, 2017. The 27.35 million previous shares are up with 1.14%. It has outperformed by 5.51% the S&P500. Investors holded 2.04 billion in 2017Q3 but now own 1.99 billion shares or 2.45% less.

Among 15 analysts covering Citigroup (NYSE:C), 9 have Buy rating, 1 Sell and 5 Hold. The positive are 60%. Citigroup has a fifty-two week low of $57.55 and a fifty-two week high of $80.70. Citigroup had 22 analyst reports since October 16, 2017 according to SRatingsIntel. On Tuesday, January 16 the firm has "Hold" rating by Keefe Bruyette & Woods given. In Wednesday, December 20 report Wells Fargo maintained the stock with "Buy" rating. In Friday, April 6 report Vining Sparks upgraded the stock to "Buy" rating. On Wednesday, February 7 the stock of Citigroup Inc.

Other reports by

Discuss This Article