Putnam Investments LLC Stake in Citigroup INC (C) Upped by $17.55 Million

May 18, 2018 - By Richard Conner

Citigroup Inc. (NYSE:C) LogoInvestors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It turned negative, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Laurel Grove Limited Liability invested in 34,400 shares. First Fin In accumulated 2,088 shares or 0.1% of the stock. 5.73 million are owned by Mackenzie. South State reported 0.08% in Citigroup Inc. (NYSE:C). Moreover, United Asset Strategies has 0.37% invested in Citigroup Inc. (NYSE:C). 58,100 were reported by Westover Capital Advsr Lc. Channing Capital Mgmt Ltd Liability Company owns 125,181 shares for 0.31% of their portfolio. Ct Mason reported 122,272 shares. Ironwood Financial Limited Company accumulated 400 shares. Seminole Mngmt reported 9.77% stake. Capstone Advisors Ltd Limited Liability Company holds 1.71% or 815,700 shares. Cobblestone Advsr Limited Liability Company New York owns 0.03% invested in Citigroup Inc. (NYSE:C) for 3,662 shares. Pggm Investments reported 1.30 million shares. United Automobile Association holds 1.67M shares. Walleye Trading holds 0.14% or 375,770 shares.

Since February 27, 2018, it had 0 buys, and 6 insider sales for $4.97 million activity. Callahan Don sold 7,000 shares worth $536,410. The insider Fraser Jane Nind sold $2.51M. The insider Hu W. Bradford sold $611,804. MURRAY JOSEPH MICHAEL sold $263,126 worth of stock. 6,466 shares were sold by Forese James A., worth $500,666.

Putnam Investments Llc increased its stake in Citigroup Inc (C) by 2.67% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Investments Llc bought 237,139 shares as the company’s stock declined 9.55% with the market. The institutional investor held 9.11 million shares of the major banks company at the end of 2017Q4, valued at $677.92 million, up from 8.87M at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $180.34B market cap company. The stock decreased 1.17% or $0.83 during the last trading session, reaching $70.72. About 3.02M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 18, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Putnam Investments Llc, which manages about $89.35B and $44.83 billion US Long portfolio, decreased its stake in Ross Stores Inc (NASDAQ:ROST) by 150,073 shares to 453,877 shares, valued at $36.42M in 2017Q4, according to the filing. It also reduced its holding in Dish Network Corp (NASDAQ:DISH) by 389,329 shares in the quarter, leaving it with 17.88 million shares, and cut its stake in Edgewell Personal Care Co.

More notable recent Citigroup Inc. (NYSE:C) news were published by: 247Wallst.com which released: “The World’s 15 Largest Banks” on May 17, 2018, also Livetradingnews.com with their article: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” published on May 17, 2018, Seekingalpha.com published: “Citigroup: Buy Now” on May 01, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Why ValueAct Pounced On Citigroup” published on May 14, 2018 as well as Benzinga.com‘s news article titled: “JPMorgan, HSBC, Citigroup, Early Warning Execs Talk Fintech Collaboration” with publication date: May 15, 2018.

Citigroup Inc. (NYSE:C) Ratings Coverage

Among 14 analysts covering Citigroup (NYSE:C), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Citigroup had 22 analyst reports since December 12, 2017 according to SRatingsIntel. Oppenheimer maintained Citigroup Inc. (NYSE:C) rating on Monday, March 26. Oppenheimer has “Buy” rating and $8500 target. As per Wednesday, January 17, the company rating was downgraded by Wood. UBS upgraded the shares of C in report on Thursday, April 5 to “Buy” rating. The stock of Citigroup Inc. (NYSE:C) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. On Thursday, March 15 the stock rating was maintained by Morgan Stanley with “Overweight”. Barclays Capital maintained the stock with “Buy” rating in Tuesday, January 2 report. The rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. The firm has “Overweight” rating given on Monday, April 30 by Morgan Stanley. The rating was maintained by Wells Fargo on Wednesday, January 17 with “Buy”. Jefferies maintained the stock with “Hold” rating in Sunday, April 15 report.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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