Private Asset Management Lowered Citigroup (C) Position By $393,624; Pultegroup Has 0.91 Sentiment

December 7, 2017 - By Michael Collier

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $9.73 billion. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It has a 18.32 P/E ratio. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

Private Asset Management Inc decreased Citigroup Inc (C) stake by 2.44% reported in 2017Q2 SEC filing. Private Asset Management Inc sold 5,964 shares as Citigroup Inc (C)’s stock rose 1.55%. The Private Asset Management Inc holds 238,728 shares with $15.97 million value, down from 244,692 last quarter. Citigroup Inc now has $199.46 billion valuation. The stock decreased 1.44% or $1.1 during the last trading session, reaching $75.44. About 16.61M shares traded or 8.08% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since December 7, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on January, 17. They expect $1.27 EPS, up 11.40% or $0.13 from last year’s $1.14 per share. C’s profit will be $3.36 billion for 14.85 P/E if the $1.27 EPS becomes a reality. After $1.42 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -10.56% negative EPS growth.

Among 37 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 15 Hold. Therefore 51% are positive. Citigroup Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, September 25 by RBC Capital Markets. As per Tuesday, January 19, the company rating was maintained by Oppenheimer. CLSA maintained Citigroup Inc. (NYSE:C) rating on Friday, September 23. CLSA has “Buy” rating and $63 target. As per Monday, October 9, the company rating was downgraded by Stifel Nicolaus. Vetr upgraded the stock to “Hold” rating in Monday, August 24 report. BMO Capital Markets maintained the shares of C in report on Friday, October 6 with “Hold” rating. The company was maintained on Thursday, July 20 by Oppenheimer. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. Bank of America downgraded the shares of C in report on Wednesday, October 11 to “Neutral” rating. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Citigroup on Monday, October 9.

Investors sentiment is 1.1 in Q2 2017. Its the same as in 2017Q1. It is flat, as 67 investors sold C shares while 443 reduced holdings. only 124 funds opened positions while 435 raised stakes. 2.03 billion shares or 1.74% more from 2.00 billion shares in 2017Q1 were reported. Crystal Rock Mgmt stated it has 113,500 shares or 4.9% of all its holdings. Umb Savings Bank N A Mo invested in 0.01% or 5,014 shares. Cna Financial reported 3.36% of its portfolio in Citigroup Inc. (NYSE:C). Cranbrook Wealth Mgmt Limited Liability Company has 672 shares for 0.02% of their portfolio. Employees Retirement Sys Of Ohio reported 2.17 million shares. Annex Advisory Svcs Ltd Co reported 0.2% in Citigroup Inc. (NYSE:C). Cetera Advsrs Limited Liability stated it has 0.04% in Citigroup Inc. (NYSE:C). 284,725 are owned by Alpine Woods Capital Investors Llc. Allen Ltd Co accumulated 52,055 shares or 0.17% of the stock. Harris Assoc LP owns 41.35 million shares or 4.98% of their US portfolio. Finemark Comml Bank Trust owns 87,692 shares for 0.42% of their portfolio. Northern Management Lc holds 71,505 shares or 1.78% of its portfolio. Palouse Cap Management Incorporated holds 64,584 shares or 1.57% of its portfolio. Check Capital Management Ca holds 0.02% or 3,900 shares in its portfolio. Cullen Limited Liability Co accumulated 17,100 shares or 0.04% of the stock.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on January, 25. They expect $0.84 earnings per share, up 25.37% or $0.17 from last year’s $0.67 per share. PHM’s profit will be $246.92 million for 9.85 P/E if the $0.84 EPS becomes a reality. After $0.60 actual earnings per share reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Ratings analysis reveals 50% of PulteGroup’s analysts are positive. Out of 6 Wall Street analysts rating PulteGroup, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $16.0 while the high is $24.0. The stock’s average target of $21 is -36.56% below today’s ($33.1) share price. PHM was included in 6 notes of analysts from September 20, 2016. The firm has “Buy” rating by Bank of America given on Friday, January 27. Wedbush initiated PulteGroup, Inc. (NYSE:PHM) rating on Tuesday, September 20. Wedbush has “Underperform” rating and $16.0 target. As per Friday, January 6, the company rating was initiated by Barclays Capital. The firm has “Mkt Perform” rating by FBR Capital given on Friday, October 21. As per Thursday, September 29, the company rating was initiated by Wells Fargo. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) rating on Friday, January 27. RBC Capital Markets has “Outperform” rating and $24.0 target.

The stock decreased 1.16% or $0.39 during the last trading session, reaching $33.1. About 4.99 million shares traded or 4.65% up from the average. PulteGroup, Inc. (PHM) has risen 30.02% since December 7, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.

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By1 Michael Collier




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