Minneapolis Portfolio Management Group Has Cut Citigroup (C) Holding; Nxt ID (NXTD) Sellers Increased By 9.41% Their Shorts

July 17, 2017 - By Vivian Park

Minneapolis Portfolio Management Group Llc decreased Citigroup Inc (C) stake by 6.58% reported in 2016Q4 SEC filing. Minneapolis Portfolio Management Group Llc sold 35,001 shares as Citigroup Inc (C)’s stock rose 1.55%. The Minneapolis Portfolio Management Group Llc holds 496,745 shares with $29.52M value, down from 531,746 last quarter. Citigroup Inc now has $182.88B valuation. The stock rose 0.04% or $0.03 reaching $66.75. About 2,908 shares traded. Citigroup Inc (NYSE:C) has risen 35.60% since July 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Nxt ID Incorporated (NASDAQ:NXTD) had an increase of 9.41% in short interest. NXTD’s SI was 491,600 shares in July as released by FINRA. Its up 9.41% from 449,300 shares previously. With 161,500 avg volume, 3 days are for Nxt ID Incorporated (NASDAQ:NXTD)’s short sellers to cover NXTD’s short positions. The SI to Nxt ID Incorporated’s float is 12.07%. It closed at $1.62 lastly. It is down 53.83% since July 17, 2016 and is downtrending. It has underperformed by 70.53% the S&P500.

Analysts await Citigroup Inc (NYSE:C) to report earnings on October, 13. They expect $1.30 earnings per share, up 4.00% or $0.05 from last year’s $1.25 per share. C’s profit will be $3.56B for 12.84 P/E if the $1.30 EPS becomes a reality. After $1.27 actual earnings per share reported by Citigroup Inc for the previous quarter, Wall Street now forecasts 2.36% EPS growth.

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.29, from 0.83 in 2016Q3. It improved, as 54 investors sold C shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported. Klingenstein Fields & Lc stated it has 0.05% of its portfolio in Citigroup Inc (NYSE:C). Yhb Advsr owns 121,814 shares. Jennison Ltd Com holds 0.19% of its portfolio in Citigroup Inc (NYSE:C) for 2.86M shares. City Holdings reported 1,452 shares. Dekabank Deutsche Girozentrale reported 0.64% stake. Numeric Limited Liability Com invested in 3.85M shares or 2.4% of the stock. Hightower Advsrs Limited Co accumulated 219,701 shares or 0.14% of the stock. Moreover, Fifth Third Bancorp has 0.33% invested in Citigroup Inc (NYSE:C) for 849,310 shares. Daiwa Gp accumulated 145,203 shares or 0.06% of the stock. Illinois-based Balasa Dinverno And Foltz Lc has invested 0.12% in Citigroup Inc (NYSE:C). Zweig invested in 0.64% or 149,774 shares. Tetrem Capital stated it has 2.24% in Citigroup Inc (NYSE:C). Monetta Fincl Svcs Inc holds 2.2% of its portfolio in Citigroup Inc (NYSE:C) for 60,000 shares. Thompson Davis reported 13,187 shares. Beck Cap Management Lc holds 0.21% of its portfolio in Citigroup Inc (NYSE:C) for 6,275 shares.

Among 32 analysts covering Citigroup Inc. (NYSE:C), 16 have Buy rating, 3 Sell and 13 Hold. Therefore 50% are positive. Citigroup Inc. had 74 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Citigroup Inc (NYSE:C) earned “Buy” rating by CLSA on Friday, September 23. As per Monday, November 14, the company rating was upgraded by Morgan Stanley. The company was upgraded on Monday, September 28 by Jefferies. The stock of Citigroup Inc (NYSE:C) has “Outperform” rating given on Wednesday, April 5 by Keefe Bruyette & Woods. The rating was downgraded by Goldman Sachs on Friday, September 16 to “Neutral”. The company was downgraded on Friday, July 8 by Wells Fargo. Renaissance Macro Securities LLC maintained the shares of C in report on Sunday, July 16 with “Buy” rating. The rating was maintained by Nomura with “Buy” on Wednesday, September 7. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, January 19 report. The company was initiated on Monday, December 21 by Credit Suisse.

Since January 31, 2017, it had 0 insider buys, and 9 selling transactions for $23.40 million activity. $3.60 million worth of Citigroup Inc (NYSE:C) shares were sold by Cowles James C. Hu W. Bradford sold $565,704 worth of stock or 10,109 shares. Fraser Jane Nind had sold 35,000 shares worth $2.11 million on Thursday, February 16. Forese James A. also sold $3.30M worth of Citigroup Inc (NYSE:C) on Thursday, February 16. Another trade for 46,636 shares valued at $2.80 million was sold by Callahan Don. The insider RODIN JUDITH sold 2,999 shares worth $173,207. 83,285 shares were sold by CORBAT MICHAEL, worth $5.01M.

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