Ifrah Financial Services Stake in Amgen (AMGN) Has Lowered as Share Value Declined; Ssi Investment Management Lowered Citigroup (C) Holding by $524,364; Shares Declined

April 17, 2018 - By Darrin Black

Citigroup Inc. (NYSE:C) Logo

Ifrah Financial Services Inc decreased its stake in Amgen Inc (AMGN) by 42.21% based on its latest 2017Q4 regulatory filing with the SEC. Ifrah Financial Services Inc sold 1,788 shares as the company’s stock declined 2.99% with the market. The institutional investor held 2,448 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $426,000, down from 4,236 at the end of the previous reported quarter. Ifrah Financial Services Inc who had been investing in Amgen Inc for a number of months, seems to be less bullish one the $117.11B market cap company. The stock increased 2.26% or $3.87 during the last trading session, reaching $175.25. About 2.37 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 3.78% since April 17, 2017 and is uptrending. It has underperformed by 7.77% the S&P500.

Ssi Investment Management Inc decreased its stake in Citigroup Inc (C) by 33.48% based on its latest 2017Q4 regulatory filing with the SEC. Ssi Investment Management Inc sold 7,086 shares as the company’s stock declined 9.55% with the market. The institutional investor held 14,078 shares of the major banks company at the end of 2017Q4, valued at $1.05M, down from 21,164 at the end of the previous reported quarter. Ssi Investment Management Inc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $179.16B market cap company. The stock decreased 0.14% or $0.095 during the last trading session, reaching $69.975. About 14.27M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 17, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.23, from 0.99 in 2017Q3. It is positive, as 73 investors sold AMGN shares while 458 reduced holdings. 122 funds opened positions while 527 raised stakes. 551.71 million shares or 0.60% less from 555.05 million shares in 2017Q3 were reported. Adell Harriman And Carpenter Inc stated it has 28,265 shares or 1.04% of all its holdings. Savings Bank Of America De reported 8.23 million shares. 3,080 are held by Check Mgmt Ca. Bailard has invested 0.05% in Amgen Inc. (NASDAQ:AMGN). Regentatlantic Cap Ltd Com accumulated 76,997 shares. Decatur owns 1.87% invested in Amgen Inc. (NASDAQ:AMGN) for 53,200 shares. 13,652 were reported by Fincl Bank Of Hawaii. Jupiter Asset Mgmt Limited reported 68,212 shares stake. Evergreen Capital owns 1,664 shares. Kentucky Retirement holds 44,765 shares. First Bancshares has 0.37% invested in Amgen Inc. (NASDAQ:AMGN) for 28,235 shares. Estabrook owns 40,295 shares or 1.06% of their US portfolio. Comerica Secs Inc holds 0.31% or 14,260 shares in its portfolio. Swarthmore reported 1,525 shares. Cornerstone Cap Mgmt Ltd Liability Com invested in 283,435 shares or 0.34% of the stock.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on April, 26 after the close. They expect $3.22 EPS, up 2.22% or $0.07 from last year’s $3.15 per share. AMGN’s profit will be $2.15 billion for 13.61 P/E if the $3.22 EPS becomes a reality. After $2.89 actual EPS reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 11.42% EPS growth.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 88 analyst reports since August 3, 2015 according to SRatingsIntel. Morgan Stanley maintained Amgen Inc. (NASDAQ:AMGN) on Friday, February 2 with “Overweight” rating. Mizuho maintained Amgen Inc. (NASDAQ:AMGN) rating on Friday, July 14. Mizuho has “Buy” rating and $19500 target. The firm has “Overweight” rating given on Thursday, November 5 by Piper Jaffray. UBS maintained the stock with “Neutral” rating in Wednesday, July 26 report. The firm has “Overweight” rating given on Friday, December 18 by Atlantic Securities. Citigroup maintained Amgen Inc. (NASDAQ:AMGN) on Wednesday, September 28 with “Neutral” rating. The stock of Amgen Inc. (NASDAQ:AMGN) has “Buy” rating given on Thursday, July 20 by Cowen & Co. The firm has “Buy” rating given on Friday, July 21 by Oppenheimer. Oppenheimer maintained the shares of AMGN in report on Monday, June 19 with “Buy” rating. The company was maintained on Thursday, October 29 by UBS.

Ifrah Financial Services Inc, which manages about $292.28M and $276.03M US Long portfolio, upped its stake in Wisdomtree Tr (IHDG) by 51,675 shares to 74,004 shares, valued at $2.35 million in 2017Q4, according to the filing. It also increased its holding in Stryker Corp (NYSE:SYK) by 2,109 shares in the quarter, for a total of 6,242 shares, and has risen its stake in Synopsys Inc (NASDAQ:SNPS).

Since December 12, 2017, it had 0 insider purchases, and 4 selling transactions for $1.11 million activity.

Since February 27, 2018, it had 0 insider buys, and 6 insider sales for $4.97 million activity. Fraser Jane Nind sold $2.51M worth of stock or 32,400 shares. $263,126 worth of Citigroup Inc. (NYSE:C) shares were sold by MURRAY JOSEPH MICHAEL. 6,466 shares were sold by Forese James A., worth $500,666 on Tuesday, February 27. Hu W. Bradford sold 8,010 shares worth $611,804. 7,000 shares were sold by Gerspach John C, worth $542,920 on Tuesday, February 27.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by KeyBanc Capital Markets on Tuesday, January 5 to “Sector Weight”. Morgan Stanley maintained the stock with “Overweight” rating in Friday, October 13 report. The firm earned “Sell” rating on Wednesday, January 11 by UBS. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 19. Portales Partners upgraded Citigroup Inc. (NYSE:C) on Thursday, January 7 to “Sector Perform” rating. The rating was maintained by Oppenheimer on Monday, March 26 with “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, June 7. Wood downgraded the stock to “Market Perform” rating in Wednesday, January 17 report. Evercore maintained the stock with “Buy” rating in Monday, September 21 report. On Thursday, August 10 the stock rating was maintained by Wells Fargo with “Outperform”.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.58 EPS, up 24.41% or $0.31 from last year’s $1.27 per share. C’s profit will be $4.05 billion for 11.07 P/E if the $1.58 EPS becomes a reality. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Ssi Investment Management Inc, which manages about $2.18B and $1.20 billion US Long portfolio, upped its stake in Micron Technology Inc (Prn) by 522,000 shares to 3.91M shares, valued at $14.69M in 2017Q4, according to the filing. It also increased its holding in Molina Healthcare Inc (Prn) by 309,000 shares in the quarter, for a total of 6.11M shares, and has risen its stake in Navistar Intl Corp New (Prn).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It dived, 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. Acg Wealth owns 13,042 shares or 0.14% of their US portfolio. Regions accumulated 0.27% or 333,017 shares. Overbrook Mngmt holds 7.44% or 493,298 shares. Hsbc Public Limited Company accumulated 5.85M shares. Cambiar Ltd Company reported 0.89% of its portfolio in Citigroup Inc. (NYSE:C). Parametric Ltd Liability Corporation has invested 0.63% in Citigroup Inc. (NYSE:C). Artisan Prns Ltd Partnership reported 1.67% of its portfolio in Citigroup Inc. (NYSE:C). Stephens Ar accumulated 55,361 shares. Hbk Investments Ltd Partnership invested in 0.03% or 40,600 shares. Dana Advsrs reported 0.51% of its portfolio in Citigroup Inc. (NYSE:C). Jnba Financial Advisors has 471 shares for 0.01% of their portfolio. 17,174 are owned by Salzhauer Michael. Northern Mngmt Ltd Liability holds 1.38% of its portfolio in Citigroup Inc. (NYSE:C) for 71,790 shares. National Pension Ser reported 0.8% in Citigroup Inc. (NYSE:C). Comerica Bank & Trust accumulated 718,162 shares or 0.38% of the stock.

Amgen Inc. (NASDAQ:AMGN) Institutional Positions Chart

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