Foundation Asset Management LP Stake in Citigroup (C) Has Lowered by $6.07 Million; American Finl Group Ohio (AFG) Holder Brandywine Global Investment Management Has Raised Its Position

December 8, 2017 - By Louis Casey

David Charney decreased its stake in Citigroup Inc (C) by 32.78% based on its latest 2017Q2 regulatory filing with the SEC. Foundation Asset Management Lp sold 92,000 shares as the company’s stock rose 1.55% with the market. The hedge fund run by David Charney held 188,700 shares of the major banks company at the end of 2017Q2, valued at $12.62M, down from 280,700 at the end of the previous reported quarter. Foundation Asset Management Lp who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $198.25B market cap company. The stock decreased 0.61% or $0.46 during the last trading session, reaching $74.98. About 19.17M shares traded or 24.87% up from the average. Citigroup Inc. (NYSE:C) has risen 35.60% since December 8, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Brandywine Global Investment Management Llc increased its stake in American Finl Group Inc Ohio (AFG) by 2.02% based on its latest 2017Q2 regulatory filing with the SEC. Brandywine Global Investment Management Llc bought 3,418 shares as the company’s stock rose 5.81% with the market. The institutional investor held 172,849 shares of the finance company at the end of 2017Q2, valued at $17.18 million, up from 169,431 at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in American Finl Group Inc Ohio for a number of months, seems to be bullish on the $9.19 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $104.33. About 296,931 shares traded. American Financial Group, Inc. (NYSE:AFG) has risen 40.27% since December 8, 2016 and is uptrending. It has outperformed by 23.57% the S&P500.

Since June 15, 2017, it had 0 insider purchases, and 1 sale for $1.29 million activity.

Investors sentiment increased to 1.51 in 2017 Q2. Its up 0.23, from 1.28 in 2017Q1. It improved, as 28 investors sold AFG shares while 90 reduced holdings. 64 funds opened positions while 114 raised stakes. 53.33 million shares or 1.79% more from 52.39 million shares in 2017Q1 were reported. Ameriprise Fincl reported 0.02% stake. First Savings Bank Of Omaha holds 0.01% or 2,050 shares in its portfolio. Verition Fund Limited Company reported 3,635 shares. Advantus Cap Management reported 9,258 shares. Hengehold Capital Limited Liability Corp reported 0.34% of its portfolio in American Financial Group, Inc. (NYSE:AFG). Shufro Rose & Co Limited Company has invested 0.04% of its portfolio in American Financial Group, Inc. (NYSE:AFG). Wfg Advsr Lp has invested 0% of its portfolio in American Financial Group, Inc. (NYSE:AFG). Caxton Associates LP has 7,000 shares. Alliancebernstein Lp has invested 0.08% of its portfolio in American Financial Group, Inc. (NYSE:AFG). Martingale Asset Mgmt Ltd Partnership stated it has 0.45% in American Financial Group, Inc. (NYSE:AFG). Wells Fargo & Mn reported 0.01% stake. Acadian Asset Mgmt Limited Company holds 0.04% or 80,782 shares. Rafferty Asset Management Ltd Liability Corp holds 0.03% or 10,416 shares in its portfolio. 1.15M were accumulated by Investec Asset Mgmt Ltd. State Board Of Administration Of Florida Retirement System reported 122,203 shares.

Among 3 analysts covering American Financial Group (NYSE:AFG), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. American Financial Group had 4 analyst reports since January 19, 2016 according to SRatingsIntel. On Monday, September 11 the stock rating was initiated by Buckingham Research with “Hold”. Sandler O’Neill upgraded the stock to “Buy” rating in Friday, August 12 report. The stock has “Neutral” rating by Macquarie Research on Friday, December 2.

More notable recent American Financial Group, Inc. (NYSE:AFG) news were published by: Businesswire.com which released: “American Financial Group, Inc. Announces Notice of Redemption of 9-7/8% Senior …” on November 10, 2017, also Businesswire.com with their article: “American Financial Group, Inc. Announces the Offering of $365 Million of …” published on November 09, 2017, Nasdaq.com published: “Here’s Why You Should Hold American Financial (AFG) Now” on November 22, 2017. More interesting news about American Financial Group, Inc. (NYSE:AFG) were released by: Nasdaq.com and their article: “American Financial Group Inc (AFG) Co-CEO & Co-President S Craig Lindner Sold …” published on November 15, 2017 as well as Moodys.com‘s news article titled: “Moody’s rates American Financial Group’s senior notes Baa1; outlook stable” with publication date: November 10, 2017.

Brandywine Global Investment Management Llc, which manages about $52.46 billion and $15.67 billion US Long portfolio, decreased its stake in Ryder Sys Inc (NYSE:R) by 7,397 shares to 172,562 shares, valued at $12.42 million in 2017Q2, according to the filing. It also reduced its holding in Gap Inc Del (NYSE:GPS) by 339,145 shares in the quarter, leaving it with 1,331 shares, and cut its stake in Ameriprise Finl Inc (NYSE:AMP).

More notable recent Citigroup Inc. (NYSE:C) news were published by: Investorplace.com which released: “What You Have to Know About Citigroup Inc” on November 29, 2017, also Reuters.com with their article: “Citigroup expects ‘high teens’ percentage fall in fourth-quarter markets revenue” published on December 06, 2017, Investorplace.com published: “Pick Up Citigroup Inc Stock Before the Breakout” on November 30, 2017. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citi Warrants – An Unusual Case” published on December 04, 2017 as well as Seekingalpha.com‘s news article titled: “Citigroup: The Pain Before The Gain” with publication date: December 08, 2017.

Investors sentiment is 1.1 in 2017 Q2. 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. Mu accumulated 1,590 shares. Yorktown Management & holds 0.34% of its portfolio in Citigroup Inc. (NYSE:C) for 16,000 shares. Moreover, Kistler has 0.2% invested in Citigroup Inc. (NYSE:C) for 6,594 shares. Peapack Gladstone Corporation reported 0% stake. Girard Prtn Limited reported 5,095 shares or 0.07% of all its holdings. Sound Shore Management Ct reported 3.45 million shares. Tillar invested in 33,242 shares. Qci Asset Mgmt Incorporated owns 5,412 shares. Huber Mgmt Limited Liability Corporation holds 2.98% of its portfolio in Citigroup Inc. (NYSE:C) for 872,587 shares. Halbert Hargrove Russell Lc holds 4,736 shares. Raymond James Fincl Advsrs Incorporated owns 219,642 shares. Brown Advisory Incorporated accumulated 292,287 shares or 0.06% of the stock. Paloma Ptnrs, Connecticut-based fund reported 106,366 shares. Edge Wealth Management Ltd Liability holds 0.02% or 1,121 shares. Axiom Investors Ltd De accumulated 1.55% or 966,549 shares.

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 company was initiated on Tuesday, September 5 by Vertical Group. The firm has “Outperform” rating by Wells Fargo given on Thursday, August 10. The rating was upgraded by Jefferies on Monday, September 28 to “Buy”. JP Morgan maintained the shares of C in report on Thursday, April 7 with “Overweight” rating. The stock of Citigroup Inc. (NYSE:C) has “Neutral” rating given on Friday, September 16 by Goldman Sachs. The stock has “Buy” rating by BMO Capital Markets on Thursday, June 1. The rating was maintained by RBC Capital Markets on Thursday, June 22 with “Buy”. The company was downgraded on Wednesday, October 11 by Bank of America. The rating was downgraded by Iberia Capital Partners to “Underperform” on Monday, September 21. The firm has “Buy” rating by Renaissance Macro Securities LLC given on Sunday, July 16.

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