As Baidu Adr (BIDU) Market Valuation Declined, Ariel Investments Lifted by $22.03 Million Its Position; As Citigroup (C) Market Value Declined, Shareholder Employees Retirement System Of Texas Lowered Its Stake by $11.64 Million

April 19, 2018 - By Hazel Jackson

Citigroup Inc. (NYSE:C) Logo

Employees Retirement System Of Texas decreased its stake in Citigroup Inc (C) by 38.71% based on its latest 2017Q4 regulatory filing with the SEC. Employees Retirement System Of Texas sold 157,300 shares as the company’s stock declined 9.55% with the market. The institutional investor held 249,050 shares of the major banks company at the end of 2017Q4, valued at $18.53 million, down from 406,350 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $179.99B market cap company. The stock increased 1.91% or $1.32 during the last trading session, reaching $70.3. About 8.99 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 19, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

John W. Rogers increased its stake in Baidu Inc. Adr (BIDU) by 8.62% based on its latest 2017Q4 regulatory filing with the SEC. Ariel Investments Llc bought 94,145 shares as the company’s stock declined 3.38% with the market. The hedge fund run by John W. Rogers held 1.19M shares of the technology company at the end of 2017Q4, valued at $277.76 million, up from 1.09M at the end of the previous reported quarter. Ariel Investments Llc who had been investing in Baidu Inc. Adr for a number of months, seems to be bullish on the $82.49B market cap company. The stock decreased 0.34% or $0.81 during the last trading session, reaching $236.94. About 1.13 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 19, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Since February 27, 2018, it had 0 insider buys, and 6 selling transactions for $4.97 million activity. $611,804 worth of Citigroup Inc. (NYSE:C) shares were sold by Hu W. Bradford. MURRAY JOSEPH MICHAEL sold 3,400 shares worth $263,126. Shares for $2.51 million were sold by Fraser Jane Nind on Tuesday, February 27. 7,000 shares valued at $536,410 were sold by Callahan Don on Wednesday, February 28. Forese James A. had sold 6,466 shares worth $500,666 on Tuesday, February 27.

Employees Retirement System Of Texas, which manages about $7.90B US Long portfolio, upped its stake in Abiomed Inc (NASDAQ:ABMD) by 8,000 shares to 20,000 shares, valued at $3.75M in 2017Q4, according to the filing. It also increased its holding in Stryker Corp (NYSE:SYK) by 44,000 shares in the quarter, for a total of 60,000 shares, and has risen its stake in Comerica Inc (NYSE:CMA).

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 firm has “Buy” rating by UBS given on Friday, October 16. Sandler O’Neill maintained the shares of C in report on Tuesday, January 16 with “Buy” rating. The company was maintained on Wednesday, January 17 by Wells Fargo. Keefe Bruyette & Woods maintained the shares of C in report on Monday, September 18 with “Buy” rating. On Monday, December 21 the stock rating was initiated by Credit Suisse with “Neutral”. As per Monday, September 25, the company rating was maintained by RBC Capital Markets. On Wednesday, September 7 the stock rating was maintained by Nomura with “Buy”. The rating was downgraded by Wood on Wednesday, January 17 to “Market Perform”. Jefferies maintained it with “Buy” rating and $58 target in Monday, October 10 report. RBC Capital Markets maintained the shares of C in report on Thursday, June 22 with “Buy” rating.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.58 earnings per share, up 24.41% or $0.31 from last year’s $1.27 per share. C’s profit will be $4.05B for 11.12 P/E if the $1.58 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It fall, 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. 3,920 are owned by Beck Cap Mgmt Limited Liability Corp. 3,446 are held by Segment Wealth Mgmt Llc. 9,601 are owned by Boys Arnold &. Regions Finance Corporation stated it has 0.27% of its portfolio in Citigroup Inc. (NYSE:C). Summit Wealth Advisors Llc has 6,321 shares for 0.16% of their portfolio. Investec Asset Mngmt North America Inc reported 2.2% in Citigroup Inc. (NYSE:C). 3,360 are owned by Baltimore. Linscomb And Williams Incorporated reported 0.05% stake. Tokio Marine Asset Mngmt reported 34,083 shares. Moreover, Rech & Com has 0.02% invested in Citigroup Inc. (NYSE:C) for 654 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment stated it has 0.62% of its portfolio in Citigroup Inc. (NYSE:C). Braun Stacey Assoc invested in 261,337 shares. Commonwealth Comml Bank Of Australia stated it has 508,294 shares or 0.37% of all its holdings. Scotia Capital stated it has 696,398 shares. Doheny Asset Ca accumulated 22,977 shares.

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