As Citigroup (C) Shares Rose, Donald Smith & Company INC Lifted Stake

March 21, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It improved, 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. Gofen & Glossberg Limited Com Il, Illinois-based fund reported 270,307 shares. Moreover, Accredited has 0.09% invested in Citigroup Inc. (NYSE:C) for 4,275 shares. 4.09 million are held by Numeric Invsts Ltd Liability Corp. Franklin Inc holds 0.92% of its portfolio in Citigroup Inc. (NYSE:C) for 25.76 million shares. Chatham Inc owns 3,815 shares. Pension reported 0.88% stake. 4.21 million were reported by Levin Capital Strategies Limited Partnership. Piedmont Invest Advsr Ltd Liability Co stated it has 717,396 shares or 1.11% of all its holdings. M&T State Bank Corporation holds 0.29% or 738,007 shares. South Texas Money Ltd holds 1.67% of its portfolio in Citigroup Inc. (NYSE:C) for 482,475 shares. Fisher Asset Ltd Liability Corp accumulated 4.47 million shares. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.24% in Citigroup Inc. (NYSE:C). 6,896 were accumulated by Confluence Wealth Lc. Ssi Inv Inc holds 0.13% or 21,164 shares in its portfolio. Moreover, Td Asset Management Inc has 0.11% invested in Citigroup Inc. (NYSE:C) for 1.01M shares.

Since February 27, 2018, it had 0 buys, and 6 selling transactions for $4.97 million activity. $263,126 worth of stock was sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. Shares for $536,410 were sold by Callahan Don on Wednesday, February 28. 32,400 Citigroup Inc. (NYSE:C) shares with value of $2.51M were sold by Fraser Jane Nind. The insider Forese James A. sold $500,666. Gerspach John C sold 7,000 shares worth $542,920.

Donald Smith & Company Inc increased its stake in Citigroup (C) by 5.99% based on its latest 2017Q3 regulatory filing with the SEC. Donald Smith & Company Inc bought 101,780 shares as the company’s stock rose 1.55% with the market. The institutional investor held 1.80M shares of the major banks company at the end of 2017Q3, valued at $131.08 million, up from 1.70 million at the end of the previous reported quarter. Donald Smith & Company Inc who had been investing in Citigroup for a number of months, seems to be bullish on the $186.70B market cap company. The stock increased 0.30% or $0.22 during the last trading session, reaching $72.92. About 13.11 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since March 21, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Donald Smith & Company Inc, which manages about $6.25 billion and $4.15B US Long portfolio, decreased its stake in Aercap Holdings (NYSE:AER) by 327,164 shares to 8.50 million shares, valued at $434.27 million in 2017Q3, according to the filing. It also reduced its holding in Pan American Silver (NASDAQ:PAAS) by 870,923 shares in the quarter, leaving it with 237,138 shares, and cut its stake in Toll Brothers Inc. (NYSE:TOL).

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 117 analyst reports since July 21, 2015 according to SRatingsIntel. Societe Generale downgraded Citigroup Inc. (NYSE:C) on Tuesday, September 13 to “Sell” rating. Atlantic Securities upgraded the stock to “Overweight” rating in Wednesday, December 21 report. On Friday, August 28 the stock rating was upgraded by Guggenheim to “Buy”. The stock of Citigroup Inc. (NYSE:C) earned “Market Perform” rating by Wells Fargo on Friday, July 8. The rating was maintained by Wells Fargo with “Buy” on Monday, October 2. As per Monday, September 21, the company rating was maintained by Evercore. The firm has “Hold” rating given on Tuesday, October 31 by Raymond James. The firm has “Outperform” rating given on Thursday, August 10 by Wells Fargo. The firm earned “Buy” rating on Friday, August 18 by RBC Capital Markets. BMO Capital Markets maintained it with “Market Perform” rating and $67 target in Friday, October 13 report.

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