Citigroup INC (C) Holder Putnam Investments LLC Raised Its Stake

May 18, 2018 - By Julie Dion

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It dropped, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Fdx holds 0.13% of its portfolio in Citigroup Inc. (NYSE:C) for 64,831 shares. Emerald Advisers Inc Pa has 0.02% invested in Citigroup Inc. (NYSE:C). Palo has 62,632 shares. Beacon Capital Management Incorporated has 0% invested in Citigroup Inc. (NYSE:C). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.78% in Citigroup Inc. (NYSE:C). First Mercantile Trust Commerce invested in 0.26% or 17,708 shares. River And Mercantile Asset Management Limited Liability Partnership stated it has 1.14 million shares or 9.48% of all its holdings. Hennessy Advsr reported 22,500 shares. Lazard Asset Mgmt Limited Liability Company holds 1.28% or 9.06 million shares in its portfolio. 10,530 were reported by Foster & Motley. Regentatlantic Cap Limited Liability reported 1.14% stake. Ww Asset Management stated it has 221,045 shares or 0.55% of all its holdings. United Services Automobile Association stated it has 0.34% of its portfolio in Citigroup Inc. (NYSE:C). Intrust Financial Bank Na holds 40,655 shares. Nicholas Invest Ptnrs Limited Partnership holds 30,633 shares.

Since February 27, 2018, it had 0 buys, and 6 insider sales for $4.97 million activity. The insider Gerspach John C sold $542,920. $611,804 worth of Citigroup Inc. (NYSE:C) was sold by Hu W. Bradford. 6,466 shares were sold by Forese James A., worth $500,666 on Tuesday, February 27. MURRAY JOSEPH MICHAEL sold 3,400 shares worth $263,126. $2.51 million worth of stock was sold by Fraser Jane Nind on Tuesday, February 27.

Putnam Investments Llc increased its stake in Citigroup Inc (C) by 2.67% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Investments Llc bought 237,139 shares as the company’s stock declined 9.55% with the market. The institutional investor held 9.11 million shares of the major banks company at the end of 2017Q4, valued at $677.92 million, up from 8.87 million at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $180.34 billion market cap company. The stock decreased 1.17% or $0.83 during the last trading session, reaching $70.72. About 3.02 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 18, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Putnam Investments Llc, which manages about $89.35B and $44.83 billion US Long portfolio, decreased its stake in Maxlinear Inc (NYSE:MXL) by 115,500 shares to 103,600 shares, valued at $2.74M in 2017Q4, according to the filing. It also reduced its holding in Cheniere Energy Inc (NYSEMKT:LNG) by 950,512 shares in the quarter, leaving it with 1.51M shares, and cut its stake in Amerisourcebergen Corp (NYSE:ABC).

More notable recent Citigroup Inc. (NYSE:C) news were published by: Benzinga.com which released: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” on May 15, 2018, also 247Wallst.com with their article: “The World’s 15 Largest Banks” published on May 17, 2018, Livetradingnews.com published: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” on May 17, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup: Buy Now” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Why ValueAct Pounced On Citigroup” with publication date: May 14, 2018.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 14 analysts covering Citigroup (NYSE:C), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Citigroup had 22 analyst reports since December 12, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. Keefe Bruyette & Woods maintained it with “Buy” rating and $87.0 target in Tuesday, December 12 report. The rating was maintained by Morgan Stanley with “Overweight” on Friday, February 2. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 30. The rating was maintained by Morgan Stanley on Thursday, March 15 with “Overweight”. The company was maintained on Wednesday, April 4 by Keefe Bruyette & Woods. The company was maintained on Friday, April 13 by BMO Capital Markets. Sandler O’Neill maintained the shares of C in report on Tuesday, January 16 with “Buy” rating. The company was maintained on Sunday, April 15 by Jefferies. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Thursday, April 5 by UBS.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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