Citigroup INC (C) Holder Brandywine Global Investment Management LLC Has Lowered Its Position by $16.84 Million

June 14, 2018 - By Vivian Park

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.18, from 1.07 in 2017Q4. It turned negative, 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. Marshall Wace Llp accumulated 65,075 shares. Los Angeles Cap Mgmt Equity Research Incorporated holds 0.22% of its portfolio in Citigroup Inc. (NYSE:C) for 570,497 shares. 38 were accumulated by Pathstone Family Office Ltd Com. Baystate Wealth Mngmt Llc reported 1,063 shares stake. Moreover, Argi Inv Ltd Liability Company has 0.02% invested in Citigroup Inc. (NYSE:C) for 4,022 shares. Thompson Davis And Inc owns 3,448 shares or 0.61% of their US portfolio. Eagle Capital Mngmt Lc reported 2.11% stake. Royal Natl Bank Of Canada invested in 0.32% or 10.49M shares. 25,308 were reported by Numerixs Inv Techs Incorporated. Wetherby Asset Mgmt owns 48,056 shares. 34,378 are owned by Dreman Value Mgmt L L C. Field And Main Retail Bank stated it has 0.98% of its portfolio in Citigroup Inc. (NYSE:C). Deltec Asset Management Ltd Liability Com invested in 173,640 shares or 2.34% of the stock. California-based Meridian Investment Counsel Inc has invested 0.83% in Citigroup Inc. (NYSE:C). Annex Advisory Services Limited invested in 20,783 shares.

Since February 27, 2018, it had 0 buys, and 7 selling transactions for $5.91 million activity. 32,400 shares valued at $2.51 million were sold by Fraser Jane Nind on Tuesday, February 27. $263,126 worth of Citigroup Inc. (NYSE:C) was sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. $536,410 worth of Citigroup Inc. (NYSE:C) was sold by Callahan Don. Hu W. Bradford sold $611,804 worth of stock or 8,010 shares. On Tuesday, February 27 the insider Forese James A. sold $500,666.

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 7.13 million 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 $168.55 billion market cap company. The stock decreased 1.77% or $1.19 during the last trading session, reaching $66.1. About 11.41M 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 $52.46 billion and $15.87 billion US Long portfolio, upped its stake in Aes Corp (NYSE:AES) by 320,575 shares to 516,347 shares, valued at $5.87 million in 2018Q1, according to the filing. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 415,602 shares in the quarter, for a total of 3.93 million shares, and has risen its stake in Mb Financial Inc New (NASDAQ:MBFI).

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.56 EPS, 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 EPS 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 Inc. (C) Management presents at Morgan Stanley Financials Conference (Transcript)” on June 13, 2018, also Seekingalpha.com with their article: “Citi warns on bank job automation” published on June 12, 2018, Seekingalpha.com published: “Citigroup Will Thrive Regardless Of Interest Rates” on June 08, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Streetinsider.com and their article: “Wells Fargo Doubles Down On Long US Bank Call” published on June 14, 2018 as well as Benzinga.com‘s news article titled: “Ahead Of Fed, AT&T-Time Warner Ruling Injects Some Optimism Into Market” with publication date: June 13, 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 rating was maintained by Morgan Stanley with “Overweight” on Friday, February 2. The stock has “Buy” rating by Sandler O’Neill on Tuesday, January 16. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, January 16. As per Friday, April 13, the company rating was maintained by BMO Capital Markets. Vining Sparks upgraded Citigroup Inc. (NYSE:C) on Friday, April 6 to “Buy” rating. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Barclays Capital on Tuesday, January 2. The rating was maintained by Oppenheimer on Monday, March 26 with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. On Tuesday, January 16 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating by HSBC given on Wednesday, April 11.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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