Harris Associates LP Decreased Citigroup INC (C) Stake

Michael Corbat

Citigroup reported a higher-than-expected quarterly profit on Friday, driven by lower taxes and higher consumer banking revenue. The company has a market capitalization of $179,621.91, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.56. The stock increased 1.74% or $2.71 during the last trading session, reaching $158.07.

Citigroup Inc. (C) saw -13.49 billion in free cash flow last quarter, representing a quarterly net change in cash of 1.17 billion. Average shares outstanding declined 7 per cent as the company bought back stock.

The topline results for the first quarter rose 3% to $ 18.87 billion from $ 18.37 billion in the same quarter past year. Eagle Asset Mgmt has invested 0.26% of its capital in Citigroup Inc. The stock has returned 2.72% during the last five consecutive trading sessions. About 24.49M shares traded or 48.52% up from the average. (NYSE:C). Suffolk Mgmt Ltd has 202,389 shs for 1.95% of their capital. It has outperformed by 5.51% the S&P500.

Usca Ria Llc, which manages about $950.89 million and $906.03M US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 56,201 shares to 98,255 shares, valued at $9.50 million in 2017Q4, according to the filing. (NYSE:C) for 14,950 shares.

Investors sentiment decreased to 1.07 in Q4 2017. The ratio is negative due to C positioning: 58 sold and 480 reduced. 123 funds opened positions while 450 raised stakes. Integral Derivatives Ltd Limited Liability Company reported 4,239 shares. Credit Agricole S A invested in 0.09% or 18,430 shares. Westwood Gru Inc, a Texas-based fund reported 105,051 shs. Chilton Cap Ltd Liability Corporation invested in 0.83% or 121,734 shs. The sector is down 0.3% for the year, roughly in line with the S&P 500.

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LBA lessened its stake in Citigroup (NYSE:C) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). (NYSE:C). Citizens And Northern accumulated 1.6% or 30,302 shs. Lord Abbett & Communication Lc owns 1.63 million shs for 0.35% of their capital. Wetherby Asset Mngmt reported 2,318 shares stake. Lee Financial Co raised its position in Citigroup by 57.0% during the fourth quarter. (NYSE:C). Kiltearn Prtn Ltd Liability Partnership invested in 4.15 million shares or 7.71% of the stock.

Since February 27, 2018, it had 0 insider buys, and 6 selling transactions for $4.97 million activity. Another trade for 6,466 shares valued at $500,666 was sold by Forese James A. Shares for $263,126 were sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. Gerspach John C sold 7,000 shares worth $542,920.

Among 40 analysts covering Citigroup Inc. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company's stock. Therefore 60% are positive. Citigroup had 22 analyst reports since October 16, 2017 according to SRatingsIntel. On Tuesday, January 16 the firm has "Hold" rating by Keefe Bruyette & Woods given. Keefe Bruyette & Woods maintained Citigroup Inc.

C opened at $72.13 on Friday. As per Wednesday, January 17, the company rating was maintained by Wells Fargo. Raymond James initiated the stock with "Hold" rating in Tuesday, October 31 report. On Monday, March 26 the firm has "Buy" rating by Oppenheimer given. The rating was upgraded by UBS to "Buy" on Thursday, April 5. On Friday, March 9 the stock rating was maintained by Stifel Nicolaus with "Buy". (NYSE:C) rating on Sunday, August 13.

Analysts polled by Thomson Reuters expected the company to report earnings of USD1.61 per share for the firsts-quarter. For a total of 15.54 million shares it increased its holding in Interpublic Group Cos Inc (NYSE:IPG) by 1.27M shares in the quarter, and has risen its stake in Priceline Grp Inc (NASDAQ:PCLN).

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