Citigroup (C) Shareholder Palouse Capital Management Lowered Holding by $1.30 Million as Market Valuation Declined; Beck Capital Management Trimmed Its Position in Facebook Com Usd0.000006 Cl A (FB) as Stock Declined

May 20, 2018 - By Ellis Scott

Citigroup Inc. (NYSE:C) Logo

Palouse Capital Management Inc decreased its stake in Citigroup Inc (C) by 27.56% based on its latest 2017Q4 regulatory filing with the SEC. Palouse Capital Management Inc sold 17,511 shares as the company’s stock declined 9.55% with the market. The institutional investor held 46,037 shares of the major banks company at the end of 2017Q4, valued at $3.43 million, down from 63,548 at the end of the previous reported quarter. Palouse Capital Management Inc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $178.39B market cap company. The stock decreased 2.24% or $1.6 during the last trading session, reaching $69.96. About 16.16 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 20, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Beck Capital Management Llc decreased its stake in Facebook Inc Com Usd0.000006 Cl A (FB) by 31.82% based on its latest 2017Q4 regulatory filing with the SEC. Beck Capital Management Llc sold 11,209 shares as the company’s stock declined 14.10% with the market. The institutional investor held 24,020 shares of the technology company at the end of 2017Q4, valued at $4.24M, down from 35,229 at the end of the previous reported quarter. Beck Capital Management Llc who had been investing in Facebook Inc Com Usd0.000006 Cl A for a number of months, seems to be less bullish one the $528.79 billion market cap company. The stock decreased 0.59% or $1.08 during the last trading session, reaching $182.68. About 10.38M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 20, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

Since February 27, 2018, it had 0 buys, and 6 selling transactions for $4.97 million activity. Hu W. Bradford sold $611,804 worth of stock. Fraser Jane Nind sold $2.51 million worth of stock. Gerspach John C sold $542,920 worth of stock or 7,000 shares. The insider MURRAY JOSEPH MICHAEL sold 3,400 shares worth $263,126. Forese James A. had sold 6,466 shares worth $500,666 on Tuesday, February 27.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It turned negative, 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. Clear Harbor Asset Management Ltd Liability holds 32,742 shares. First Manhattan holds 0.34% or 826,902 shares in its portfolio. Seabridge Advsr Limited Liability Corporation holds 2.78% of its portfolio in Citigroup Inc. (NYSE:C) for 171,652 shares. Buckingham Asset Management Ltd Liability Corporation invested 0.08% in Citigroup Inc. (NYSE:C). Bell Fincl Bank accumulated 4,596 shares. Joel Isaacson & Ltd reported 8,298 shares stake. California-based Wetherby Asset Mgmt has invested 0.48% in Citigroup Inc. (NYSE:C). Cibc Asset Management invested 0.15% of its portfolio in Citigroup Inc. (NYSE:C). Chesley Taft Assoc Ltd Liability stated it has 114,611 shares. Taylor Asset Mngmt Incorporated reported 6.71% stake. Gemmer Asset Mngmt Llc holds 1,919 shares. Silver Capital Mngmt Limited Co reported 1.66% of its portfolio in Citigroup Inc. (NYSE:C). 549 were reported by Kings Point Capital. 412,705 are owned by Mutual Of America Capital Mngmt Llc. Bb&T has invested 0.03% in Citigroup Inc. (NYSE:C).

More notable recent Citigroup Inc. (NYSE:C) news were published by: Livetradingnews.com which released: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” on May 17, 2018, also Seekingalpha.com with their article: “ValueAct takes $1.2B stake in Citi” published on May 08, 2018, Benzinga.com published: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” on May 15, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: 247Wallst.com and their article: “RBC Very Bullish on 4 Top Banks With Brilliant Q1 Results” published on April 26, 2018 as well as Livetradingnews.com‘s news article titled: “Citigroup Inc. (NYSE:C) Trending Downwards” with publication date: April 25, 2018.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, January 29 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Citigroup Inc. (NYSE:C) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. The company was downgraded on Wednesday, October 11 by Bank of America. Morgan Stanley maintained it with “Overweight” rating and $88 target in Monday, April 30 report. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. The rating was upgraded by Societe Generale to “Hold” on Tuesday, September 12. The company was maintained on Tuesday, January 26 by Deutsche Bank. Sandler O’Neill maintained it with “Buy” rating and $89.0 target in Tuesday, January 16 report. The rating was downgraded by Zacks on Friday, August 14 to “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 13.

Palouse Capital Management Inc, which manages about $320.11M and $295.83M US Long portfolio, upped its stake in Vanguard Scottsdale Fds (VCSH) by 52,560 shares to 66,382 shares, valued at $5.26 million in 2017Q4, according to the filing.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.57 earnings per share, up 23.62% or $0.30 from last year’s $1.27 per share. C’s profit will be $4.00B for 11.14 P/E if the $1.57 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -6.55% negative EPS growth.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 EPS, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98 billion for 26.55 P/E if the $1.72 EPS becomes a reality. After $1.69 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

Beck Capital Management Llc, which manages about $200.00M and $227.06 million US Long portfolio, upped its stake in New Residential Invt Corp Com Npv (Post (NYSE:NRZ) by 18,931 shares to 246,292 shares, valued at $4.40 million in 2017Q4, according to the filing. It also increased its holding in Usg Corp Com New (NYSE:USG) by 61,171 shares in the quarter, for a total of 71,196 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Livetradingnews.com which released: “Facebook, Inc. (NASDAQ:FB) Stock Consolidating” on May 18, 2018, also Benzinga.com with their article: “This Day In Market History: Facebook Goes Public” published on May 18, 2018, Seekingalpha.com published: “Thoughts On Facebook’s Valuation After Earnings” on April 26, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Aswath Damodaran On Facebook, Valuation, And Faith (Podcast)” published on May 15, 2018 as well as Finance.Yahoo.com‘s news article titled: “7 ‘Strong Buy’ Stocks Analysts Are Upgrading Now” with publication date: May 15, 2018.

Since December 7, 2017, it had 0 buys, and 54 sales for $2.31 billion activity. 55,000 shares were sold by Sandberg Sheryl, worth $10.28M on Monday, May 14. $2.83M worth of stock was sold by Cox Christopher K on Thursday, December 7. On Tuesday, March 13 the insider Schroepfer Michael Todd sold $6.94M. $1.05M worth of Facebook, Inc. (NASDAQ:FB) was sold by FISCHER DAVID B. on Friday, January 26. Another trade for 16,500 shares valued at $2.88 million was sold by Stretch Colin. $2.66M worth of stock was sold by Wehner David M. on Thursday, February 22.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Moreover, Baker Ellis Asset Management Ltd Liability Corporation has 0.16% invested in Facebook, Inc. (NASDAQ:FB) for 3,651 shares. 22,860 are held by Marshall Sullivan Inc Wa. Earnest Lc owns 1,087 shares. North Star Management Corp holds 0.21% or 9,692 shares in its portfolio. Benin Mngmt Corp has 6,028 shares for 0.43% of their portfolio. Fiera Capital Corp owns 64,434 shares. Valmark Advisers owns 0.01% invested in Facebook, Inc. (NASDAQ:FB) for 1,711 shares. Premier Asset Lc holds 70,584 shares or 2.78% of its portfolio. Moreover, New York State Common Retirement Fund has 1.43% invested in Facebook, Inc. (NASDAQ:FB). Light Street Mngmt Limited Liability Co invested in 400,000 shares or 7.63% of the stock. Fukoku Mutual Life invested in 9,050 shares or 0.24% of the stock. Rathbone Brothers Plc owns 267,829 shares for 1.92% of their portfolio. The New York-based Focused Wealth Management Incorporated has invested 1.27% in Facebook, Inc. (NASDAQ:FB). Wells Fargo And Communication Mn owns 14.11M shares or 0.72% of their US portfolio. Old Mutual (Uk) accumulated 540,223 shares.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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