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.

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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 Inc.is 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.

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