Moore Capital Management LP Cut By $48.60 Million Its Citigroup (C) Position; Riggs National (RIGS) Sentiment Is 6.25

February 22, 2018 - By Migdalia James

Moore Capital Management Lp decreased Citigroup Inc (C) stake by 67.5% reported in 2017Q3 SEC filing. Moore Capital Management Lp sold 675,000 shares as Citigroup Inc (C)’s stock rose 1.55%. The Moore Capital Management Lp holds 325,000 shares with $23.64 million value, down from 1.00 million last quarter. Citigroup Inc now has $197.10 billion valuation. The stock decreased 0.39% or $0.3 during the last trading session, reaching $76.7. About 8.82M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 22, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

The ETF increased 0.14% or $0.0356 during the last trading session, reaching $24.6356. About 19,492 shares traded. RiverFront Strategic Income ETF (RIGS) has risen 2.44% since February 22, 2017 and is uptrending. It has underperformed by 14.26% the S&P500.

Riverfront Investment Group Llc holds 3.84% of its portfolio in RiverFront Strategic Income ETF for 6.22 million shares. Koshinski Asset Management Inc. owns 141,715 shares or 1.18% of their US portfolio. Moreover, Bb&T Securities Llc has 0.2% invested in the company for 586,388 shares. The Minnesota-based Cahill Financial Advisors Inc has invested 0.2% in the stock. Janney Montgomery Scott Llc, a Pennsylvania-based fund reported 443,122 shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Citigroup Inc. (NYSE:C) on Tuesday, June 6 with “Hold” rating. The firm earned “Hold” rating on Tuesday, January 10 by Standpoint Research. Keefe Bruyette & Woods maintained it with “Outperform” rating and $51 target in Tuesday, January 19 report. The rating was upgraded by DZ Bank on Wednesday, February 7 to “Buy”. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by BMO Capital Markets on Friday, July 14. Jefferies maintained it with “Hold” rating and $6800 target in Friday, July 7 report. The firm has “Market Perform” rating by Wood given on Monday, April 18. The stock has “Buy” rating by Wells Fargo on Wednesday, December 20. Societe Generale upgraded the stock to “Hold” rating in Tuesday, September 12 report.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It is positive, 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. Rex Cap Lc invested in 0.64% or 11,321 shares. Blue Ridge Lc stated it has 4.9% of its portfolio in Citigroup Inc. (NYSE:C). Security National Tru Company has invested 0.04% of its portfolio in Citigroup Inc. (NYSE:C). Shufro Rose & Limited Liability owns 18,576 shares for 0.14% of their portfolio. Jabre Capital Prtn Sa stated it has 5,000 shares. Duff Phelps Invest Mgmt owns 30,821 shares or 0.03% of their US portfolio. 159,835 are held by Mayo Inv Advisers Ltd Company. The Maryland-based Adams Diversified Equity Fund Inc has invested 1.37% in Citigroup Inc. (NYSE:C). Lsv Asset Management stated it has 13.51M shares. Moreover, Amer Natl Registered Invest Advisor has 0.56% invested in Citigroup Inc. (NYSE:C) for 15,300 shares. Hgk Asset Mgmt has invested 2.15% in Citigroup Inc. (NYSE:C). Davis accumulated 28,815 shares. Independent has invested 0.39% in Citigroup Inc. (NYSE:C). Reilly Fincl Advisors Limited Liability Company holds 0.02% of its portfolio in Citigroup Inc. (NYSE:C) for 1,782 shares. Hexavest holds 801,533 shares.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on April, 12. They expect $1.61 EPS, up 18.38% or $0.25 from last year’s $1.36 per share. C’s profit will be $4.14 billion for 11.91 P/E if the $1.61 EPS becomes a reality. After $1.28 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 25.78% EPS growth.

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