Atwood & Palmer INC Has Increased Its Stake in Citigroup INC (C) by $8.75 Million

September 16, 2018 - By Jack Shaw

Citigroup Inc. (NYSE:C) LogoInvestors sentiment increased to 1.02 in Q2 2018. Its up 0.13, from 0.89 in 2018Q1. It increased, as 74 investors sold C shares while 455 reduced holdings. 108 funds opened positions while 433 raised stakes. 1.86 billion shares or 2.08% less from 1.90 billion shares in 2018Q1 were reported. 203,549 were accumulated by Heritage Investors Management Corp. Adell Harriman And Carpenter has invested 0% of its portfolio in Citigroup Inc. (NYSE:C). Parametric Portfolio Associates Llc holds 0.53% in Citigroup Inc. (NYSE:C) or 8.35 million shares. Meristem Llp accumulated 0.11% or 4,548 shares. Mirador Cap Ptnrs Lp reported 4,701 shares stake. 190,100 were accumulated by Skylands Lc. Whittier Tru reported 164,169 shares. 3.29 million are held by Chevy Chase Trust. Moors Cabot holds 0.63% of its portfolio in Citigroup Inc. (NYSE:C) for 69,471 shares. Dekabank Deutsche Girozentrale holds 0.65% of its portfolio in Citigroup Inc. (NYSE:C) for 1.48 million shares. The Oklahoma-based Capital Advsr Ok has invested 0.95% in Citigroup Inc. (NYSE:C). Roundview Capital Limited Com owns 30,799 shares. New York-based Force Capital Mngmt Limited Liability has invested 0.73% in Citigroup Inc. (NYSE:C). American Century accumulated 129,417 shares or 0.01% of the stock. Lee Danner & Bass invested in 0.02% or 2,967 shares.

Since May 14, 2018, it had 0 buys, and 2 sales for $972,176 activity. Gerspach John C sold $937,571 worth of stock or 12,966 shares.

Atwood & Palmer Inc increased its stake in Citigroup Inc (C) by 138.25% based on its latest 2018Q2 regulatory filing with the SEC. Atwood & Palmer Inc bought 132,562 shares as the company’s stock rose 4.79% with the market. The institutional investor held 228,447 shares of the major banks company at the end of 2018Q2, valued at $15.29M, up from 95,885 at the end of the previous reported quarter. Atwood & Palmer Inc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $177.52 billion market cap company. The stock increased 0.56% or $0.39 during the last trading session, reaching $70.54. About 9.65 million shares traded. Citigroup Inc. (NYSE:C) has risen 2.50% since September 16, 2017 and is uptrending. It has underperformed by 13.12% the S&P500.

Atwood & Palmer Inc, which manages about $599.83M and $728.63M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 41,519 shares to 76,134 shares, valued at $14.09 million in 2018Q2, according to the filing. It also reduced its holding in Ebix Inc (NASDAQ:EBIX) by 129,231 shares in the quarter, leaving it with 192,628 shares, and cut its stake in Alphabet Inc.

More news for Citigroup Inc. (NYSE:C) were recently published by: Seekingalpha.com, which released: “Citigroup: Buy This Weakness?” on September 04, 2018. Seekingalpha.com‘s article titled: “Citigroup Inc. (C) Barclays Global Financial Services Brokers Conference (Transcript)” and published on September 12, 2018 is yet another important article.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 9 analysts covering Citigroup (NYSE:C), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Citigroup has $91 highest and $7400 lowest target. $77.56’s average target is 9.95% above currents $70.54 stock price. Citigroup had 13 analyst reports since March 26, 2018 according to SRatingsIntel. As per Monday, March 26, the company rating was maintained by Oppenheimer. The stock has “Hold” rating by Jefferies on Sunday, April 15. On Monday, April 30 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was upgraded by Vining Sparks to “Buy” on Friday, April 6. The firm has “Hold” rating given on Friday, April 13 by BMO Capital Markets. As per Wednesday, April 4, the company rating was maintained by Keefe Bruyette & Woods. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by UBS on Thursday, April 5. The firm earned “Market Perform” rating on Monday, July 16 by BMO Capital Markets. Morgan Stanley maintained Citigroup Inc. (NYSE:C) on Monday, July 16 with “Overweight” rating. As per Monday, July 16, the company rating was maintained by Oppenheimer.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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