Citigroup (C) Stake Upped by Ct Mason; Bancolombia S.A. (CIB) Valuation Rose While Northern Cross Has Cut by $8.62 Million Its Holding

February 23, 2018 - By Adrian Mccoy

Northern Cross Llc decreased its stake in Bancolombia S.A. (CIB) by 1.39% based on its latest 2017Q3 regulatory filing with the SEC. Northern Cross Llc sold 191,611 shares as the company’s stock rose 18.47% with the market. The institutional investor held 13.55M shares of the commercial banks company at the end of 2017Q3, valued at $620.45M, down from 13.74M at the end of the previous reported quarter. Northern Cross Llc who had been investing in Bancolombia S.A. for a number of months, seems to be less bullish one the $9.63B market cap company. The stock decreased 0.66% or $0.3 during the last trading session, reaching $45.49. About 195,415 shares traded. Bancolombia S.A. (NYSE:CIB) has risen 27.44% since February 23, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

Ct Mason increased its stake in Citigroup (C) by 239.74% based on its latest 2017Q3 regulatory filing with the SEC. Ct Mason bought 39,617 shares as the company’s stock rose 1.55% with the market. The institutional investor held 56,142 shares of the major banks company at the end of 2017Q3, valued at $4.08M, up from 16,525 at the end of the previous reported quarter. Ct Mason who had been investing in Citigroup for a number of months, seems to be bullish on the $197.57 billion market cap company. The stock increased 0.80% or $0.61 during the last trading session, reaching $76.88. About 8.95 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 23, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 11 analysts covering Bancolombia S.A. (NYSE:CIB), 1 have Buy rating, 4 Sell and 6 Hold. Therefore 9% are positive. Bancolombia S.A. had 22 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Monday, August 24. The rating was downgraded by Standpoint Research on Monday, May 22 to “Hold”. As per Monday, March 7, the company rating was upgraded by Credit Suisse. The rating was upgraded by Deutsche Bank on Monday, August 22 to “Buy”. Deutsche Bank downgraded Bancolombia S.A. (NYSE:CIB) on Friday, October 27 to “Hold” rating. The stock has “Sell” rating by UBS on Wednesday, March 16. Standpoint Research upgraded the stock to “Buy” rating in Monday, August 17 report. The firm has “Neutral” rating by Credit Suisse given on Thursday, October 6. The stock of Bancolombia S.A. (NYSE:CIB) earned “Neutral” rating by Bank of America on Monday, March 14. As per Thursday, March 24, the company rating was maintained by Barclays Capital.

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. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Tuesday, June 6 by Jefferies. Citigroup upgraded the shares of C in report on Friday, December 11 to “Buy” rating. As per Monday, September 18, the company rating was maintained by Keefe Bruyette & Woods. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. As per Monday, November 14, the company rating was upgraded by Morgan Stanley. The firm earned “Hold” rating on Wednesday, August 12 by Deutsche Bank. RBC Capital Markets maintained Citigroup Inc. (NYSE:C) rating on Tuesday, January 19. RBC Capital Markets has “Outperform” rating and $60.0 target. The company was maintained on Friday, October 16 by Oppenheimer. Oppenheimer maintained Citigroup Inc. (NYSE:C) on Tuesday, January 19 with “Outperform” rating. RBC Capital Markets maintained the shares of C in report on Friday, October 13 with “Outperform” rating.

Investors sentiment increased to 1.35 in 2017 Q3. 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. White Pine Ltd Liability Com stated it has 13,624 shares. Rothschild Asset Mgmt Inc holds 0.18% in Citigroup Inc. (NYSE:C) or 228,554 shares. Cornerstone Capital Management Ltd Liability Com accumulated 990,157 shares. 3,662 are held by Cobblestone Capital Advsrs Ltd Liability. 217,805 are owned by Abner Herrman Brock. 4.98 million were reported by Hsbc Public Ltd Com. Moreover, Stuyvesant has 6.49% invested in Citigroup Inc. (NYSE:C). 30,692 are held by Schnieders Cap Mngmt Limited Liability Corporation. Hudock Limited Liability Company invested 0.04% in Citigroup Inc. (NYSE:C). Argent has 0.16% invested in Citigroup Inc. (NYSE:C) for 5,656 shares. Moreover, Boston Private Wealth Ltd Liability Company has 0.71% invested in Citigroup Inc. (NYSE:C). Texas Permanent School Fund reported 755,056 shares. Us Bank & Trust De accumulated 522,743 shares or 0.12% of the stock. Cim Inv Mangement reported 0.73% stake. Guild Inv Mngmt Inc owns 0.56% invested in Citigroup Inc. (NYSE:C) for 7,300 shares.

Ct Mason, which manages about $311.59 million and $275.34M US Long portfolio, decreased its stake in Scripps Networks Interactive (NYSE:SNI) by 43,271 shares to 17,987 shares, valued at $1.55M in 2017Q3, according to the filing. It also reduced its holding in C.R. Bard Inc. (NYSE:BCR) by 15,362 shares in the quarter, leaving it with 4,497 shares, and cut its stake in At&T Inc. (NYSE:T).

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