As Citigroup INC (C) Shares Rose, Maltese Capital Management LLC Has Cut Its Stake by $7.69 Million

September 17, 2017 - By Ellis Scott

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.29, from 0.83 in 2016Q3. It improved, as 54 investors sold C shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported. Ballentine Partners Ltd Liability Co has invested 0.04% in Citigroup Inc (NYSE:C). 2.07 million were accumulated by United Services Automobile Association. 104,904 were accumulated by Clinton Gru Inc. Pinebridge Investments Lp invested in 3.02% or 1.71M shares. King Luther Capital Mngmt Corp reported 0.08% stake. Compton Capital Inc Ri invested in 14,089 shares. Umb Bank N A Mo owns 7,296 shares. Huber Capital invested in 870,287 shares or 1.99% of the stock. Credit Suisse Ag holds 0.35% or 5.94 million shares. Cambridge Advisors stated it has 45,285 shares. The Massachusetts-based Fiduciary Company has invested 0.3% in Citigroup Inc (NYSE:C). Moreover, Kings Point Capital Mngmt has 0.01% invested in Citigroup Inc (NYSE:C) for 425 shares. Highland Capital Management Limited Liability Company holds 234,039 shares. Pillar Pacific Capital Ltd Llc holds 117,184 shares. Eaton Vance Mngmt owns 0.24% invested in Citigroup Inc (NYSE:C) for 1.41M shares.

Maltese Capital Management Llc decreased its stake in Citigroup Inc (C) by 20.7% based on its latest 2016Q4 regulatory filing with the SEC. Maltese Capital Management Llc sold 130,400 shares as the company’s stock rose 1.55% with the market. The institutional investor held 499,600 shares of the major banks company at the end of 2016Q4, valued at $29.69M, down from 630,000 at the end of the previous reported quarter. Maltese Capital Management Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $188.10 billion market cap company. The stock decreased 0.29% or $0.2 on September 15, reaching $69.04. About 18.36 million shares traded or 25.15% up from the average. Citigroup Inc (NYSE:C) has risen 35.60% since September 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Maltese Capital Management Llc, which manages about $1.71B and $1.11 billion US Long portfolio, upped its stake in Svb Finl Group (NASDAQ:SIVB) by 62,500 shares to 70,000 shares, valued at $12.02M in 2016Q4, according to the filing. It also increased its holding in Affiliated Managers Group (NYSE:AMG) by 22,600 shares in the quarter, for a total of 79,200 shares, and has risen its stake in Keycorp New (NYSE:KEY).

Investors wait Citigroup Inc (NYSE:C) to report on October, 12 before the open. its quarterly earnings Wall Street analysts expect $1.28 earnings per share, up $0.03 or 2.40 % from last year’s $1.25 same quarter earnings. This translates into $3.49 billion profit for C giving the stock a 13.48 P/E. This is assuming the current $1.28 EPS is accurate. Citigroup Inc’s Wall Street analysts see 0.79 % EPS growth, taking into account the $1.27 EPS reproted in the previous quarter,

More important recent Citigroup Inc (NYSE:C) news were published by: Reuters.com which released: “Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier” on September 11, 2017, also Investorplace.com published article titled: “A Top Is Forming in Citigroup Inc (C) Stock”, Seekingalpha.com published: “Citigroup: This Won’t End Well” on September 01, 2017. More interesting news about Citigroup Inc (NYSE:C) was released by: Seekingalpha.com and their article: “Why You Need To Buy This Citi Breakout” with publication date: September 15, 2017.

Citigroup Inc (NYSE:C) Ratings Coverage

Among 33 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. Citigroup Inc. has $90 highest and $4.0 lowest target. $61.89’s average target is -10.36% below currents $69.04 stock price. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Outperform” rating in Friday, October 16 report. The rating was upgraded by Atlantic Securities on Wednesday, December 21 to “Overweight”. The company was maintained on Tuesday, January 19 by Oppenheimer. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Thursday, June 1 by BMO Capital Markets. The firm has “Buy” rating by Evercore given on Monday, September 21. Keefe Bruyette & Woods upgraded the shares of C in report on Wednesday, April 5 to “Outperform” rating. The company was maintained on Thursday, April 7 by JP Morgan. The firm earned “Equal-Weight” rating on Monday, October 26 by Morgan Stanley. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 6. Renaissance Macro Securities LLC maintained the shares of C in report on Sunday, July 16 with “Buy” rating.

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