Cornerstone Investment Partners Has Increased Its Citigroup (C) Holding; 2 Analysts Are Bullish Southern Copper (SCCO) Last Week

February 15, 2018 - By Steve Bissell

Among 13 analysts covering Southern Copper (NYSE:SCCO), 2 have Buy rating, 4 Sell and 7 Hold. Therefore 15% are positive. Southern Copper had 29 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, February 6 the stock rating was maintained by Cowen & Co with “Hold”. On Wednesday, March 23 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. As per Tuesday, December 8, the company rating was downgraded by Santander. As per Tuesday, January 26, the company rating was upgraded by JP Morgan. The stock has “Outperform” rating by FBR Capital on Friday, September 18. The rating was downgraded by HSBC to “Hold” on Wednesday, August 16. The company was upgraded on Friday, August 26 by HSBC. The firm has “Neutral” rating given on Monday, August 31 by JP Morgan. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, December 13 report. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, August 9 report. See Southern Copper Corporation (NYSE:SCCO) latest ratings:

06/02/2018 Broker: Cowen & Co Rating: Hold New Target: $53.0 Maintain
05/02/2018 Broker: FBR Capital Rating: Buy New Target: $47.0
22/01/2018 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $48 New Target: $50.5 Downgrade
03/11/2017 Broker: Cowen & Co Rating: Hold New Target: $48.0 Maintain
23/10/2017 Broker: Berenberg Rating: Sell New Target: $31.0
16/08/2017 Broker: HSBC Old Rating: Buy New Rating: Hold Downgrade

Cornerstone Investment Partners Llc increased Citigroup Inc. (C) stake by 0.43% reported in 2017Q3 SEC filing. Cornerstone Investment Partners Llc acquired 5,912 shares as Citigroup Inc. (C)’s stock rose 1.55%. The Cornerstone Investment Partners Llc holds 1.38M shares with $100.04M value, up from 1.37M last quarter. Citigroup Inc. now has $197.63B valuation. The stock increased 0.25% or $0.195 during the last trading session, reaching $76.905. About 6.50M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 15, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Zacks given on Friday, August 14. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Tuesday, September 5 by Vertical Group. The firm has “Hold” rating given on Thursday, August 6 by Vetr. The company was maintained on Friday, October 13 by Morgan Stanley. The rating was maintained by Barclays Capital with “Buy” on Tuesday, January 2. On Wednesday, September 27 the stock rating was downgraded by Raymond James to “Underperform”. The rating was maintained by Credit Suisse with “Buy” on Monday, October 9. The firm has “Buy” rating given on Wednesday, January 17 by Wells Fargo. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Wells Fargo on Monday, October 2. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Wednesday, July 13 by Berenberg.

Cornerstone Investment Partners Llc decreased Lincoln National Corp (NYSE:LNC) stake by 245,146 shares to 964,948 valued at $70.90M in 2017Q3. It also reduced U.S. Bancorp (NYSE:USB) stake by 17,107 shares and now owns 1.37M shares. Intel Corporation (NASDAQ:INTC) was reduced too.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It increased, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. United Fin Advisers Limited, California-based fund reported 178,935 shares. Artisan Ptnrs Lp holds 1.62% of its portfolio in Citigroup Inc. (NYSE:C) for 12.06 million shares. Carroll Fincl Associate owns 5,026 shares for 0.04% of their portfolio. Pathstone Family Office, a New Jersey-based fund reported 13 shares. Numeric Lc owns 2.29% invested in Citigroup Inc. (NYSE:C) for 4.09M shares. Northern Cap Llc accumulated 68,755 shares. Letko Brosseau And Associate has 2.5% invested in Citigroup Inc. (NYSE:C). First Republic Mgmt owns 526,073 shares. Yorktown Management Research Incorporated stated it has 25,000 shares or 0.48% of all its holdings. Orca Invest Ltd Llc accumulated 0.93% or 14,458 shares. 90,000 are held by Buckhead Mngmt Limited Liability Corp. Everence Management Incorporated reported 58,336 shares or 0.97% of all its holdings. Strategic Global Advsr Ltd Liability Co has invested 0.2% in Citigroup Inc. (NYSE:C). Sun Life Finance has invested 0.14% in Citigroup Inc. (NYSE:C). Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.25% in Citigroup Inc. (NYSE:C).

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company has market cap of $41.14 billion. The firm is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It has a 53.75 P/E ratio. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant.

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