Institute For Wealth Management Cut Holding in Resonant (RESN) by $1.21 Million; Citigroup (C) Shareholder Westover Capital Advisors Has Lowered Holding as Market Value Declined

June 16, 2018 - By Peter Erickson

Citigroup Inc. (NYSE:C) Logo

Westover Capital Advisors Llc decreased its stake in Citigroup Inc (C) by 60.17% based on its latest 2018Q1 regulatory filing with the SEC. Westover Capital Advisors Llc sold 34,958 shares as the company’s stock declined 11.86% with the market. The institutional investor held 23,142 shares of the major banks company at the end of 2018Q1, valued at $1.56M, down from 58,100 at the end of the previous reported quarter. Westover Capital Advisors Llc who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $169.16 billion market cap company. The stock increased 0.27% or $0.18 during the last trading session, reaching $66.34. About 29.31 million shares traded or 67.20% up from the average. Citigroup Inc. (NYSE:C) has risen 10.48% since June 16, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: 08/05/2018 – CITIGROUP IS NO LONGER `TOO-BIG-TO-ENGAGE,’ WELLS FARGO SAYS; 07/05/2018 – Citigroup Could ‘Easily’ Return $50B to Shareholders in Next Two Years — Letter; 22/05/2018 – Wild Child of Commodities Tamed for Now as Citi Warns on Outlook; 30/05/2018 – GHANA SIGNS NATURAL GAS SUPPLY AGREEMENT WITH ROSNEFT: CITI FM; 22/05/2018 – Citigroup Announces Bond Offers; 07/05/2018 – iRobot Presenting at Citi SMID Conference Jun 6; 18/04/2018 – Citi 2018 Annual Stockholders’ Meeting; 04/05/2018 – Devon at Citi Global Energy & Utilities Conference May 16; 22/03/2018 – CITIGROUP – UNDER NEW FIREARMS POLICY, WILL REQUIRE NEW RETAIL SECTOR CLIENTS OR PARTNERS TO ADHERE TO SOME “BEST PRACTICES”; 13/04/2018 – Citigroup 1Q Global Consumer Banking Rev $8.43B

Institute For Wealth Management Llc decreased its stake in Resonant Inc (RESN) by 39.36% based on its latest 2018Q1 regulatory filing with the SEC. Institute For Wealth Management Llc sold 303,119 shares as the company’s stock rose 3.13% while stock markets declined. The institutional investor held 467,061 shares of the semiconductors company at the end of 2018Q1, valued at $2.01M, down from 770,180 at the end of the previous reported quarter. Institute For Wealth Management Llc who had been investing in Resonant Inc for a number of months, seems to be less bullish one the $148.18 million market cap company. The stock decreased 1.59% or $0.09 during the last trading session, reaching $5.56. About 205,649 shares traded. Resonant Inc. (NASDAQ:RESN) has risen 2.22% since June 16, 2017 and is uptrending. It has underperformed by 10.35% the S&P500. Some Historical RESN News: 21/03/2018 – Resonant Announces Proposed Public Offering of Common Stk; 05/04/2018 – Resonant Adds Third Backend and Packaging Vendor; 06/03/2018 – Resonant Received Notice From Park City of Nomination of 6 Individuals for Election to Board; 15/05/2018 – G2 Investment Partners Management Buys 1.5% of Resonant; 30/05/2018 – RESONANT APPOINTS INDUSTRY VETERAN MARYBETH CARBERRY AS VICE PRESIDENT, BUSINESS OPERATIONS; 06/03/2018 – Park City Cap Owns 5.2% of the Shrs of Resonant Inc; 02/04/2018 – Resonant Announces Settlement of Proxy Contest With Park City Capital; 22/04/2018 – DJ Resonant Inc, Inst Holders, 1Q 2018 (RESN); 06/03/2018 – RESONANT – CONFIRMED CO RECEIVED NOTICE FROM PARK CITY CAPITAL LLC OF ITS NOMINATION OF SIX INDIVIDUALS FOR ELECTION TO CO’S BOARD; 06/03/2018 – Resonant: Unfortunate That Park City Is Launching a Proxy Contest at This Time

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Wednesday, August 26. On Friday, July 14 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was maintained by Oppenheimer with “Perform” on Tuesday, January 5. Nomura maintained the stock with “Buy” rating in Friday, October 13 report. As per Monday, October 10, the company rating was maintained by Jefferies. On Sunday, August 13 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Neutral” rating by Macquarie Research on Friday, November 18. Oppenheimer maintained it with “Buy” rating and $8100 target in Thursday, July 20 report. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Tuesday, January 2 by Barclays Capital. The firm has “Hold” rating given on Monday, November 28 by Jefferies.

Since February 27, 2018, it had 0 insider purchases, and 7 insider sales for $5.91 million activity. MURRAY JOSEPH MICHAEL had sold 3,400 shares worth $263,126 on Tuesday, February 27. $536,410 worth of Citigroup Inc. (NYSE:C) shares were sold by Callahan Don. $2.51 million worth of Citigroup Inc. (NYSE:C) was sold by Fraser Jane Nind. The insider Gerspach John C sold 12,966 shares worth $937,571. 8,010 shares were sold by Hu W. Bradford, worth $611,804.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup Will Thrive Regardless Of Interest Rates” on June 08, 2018, also Bizjournals.com with their article: “What’s North Carolina’s piece of the $100M Citigroup settlement?” published on June 15, 2018, Seekingalpha.com published: “Citigroup Inc. (C) Management presents at Morgan Stanley Financials Conference (Transcript)” on June 13, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Benzinga.com and their article: “Ahead Of Fed, AT&T-Time Warner Ruling Injects Some Optimism Into Market” published on June 13, 2018 as well as Finance.Yahoo.com‘s news article titled: “Just Stop Worrying Already and Buy Bank of America Corp Stock” with publication date: June 15, 2018.

Westover Capital Advisors Llc, which manages about $162.39M and $183.71 million US Long portfolio, upped its stake in Thor Inds Inc (NYSE:THO) by 6,022 shares to 16,741 shares, valued at $1.93 million in 2018Q1, according to the filing. It also increased its holding in Pulte Group Inc (NYSE:PHM) by 60,132 shares in the quarter, for a total of 108,210 shares, and has risen its stake in Ishares Tr (FLOT).

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.56 earnings per share, up 22.83% or $0.29 from last year’s $1.27 per share. C’s profit will be $3.98 billion for 10.63 P/E if the $1.56 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.18, from 1.07 in 2017Q4. It dropped, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Creative Planning has 219,615 shares. 9,169 are owned by Exchange Cap Mngmt. Manchester Mgmt Ltd accumulated 9,435 shares. Evercore Wealth Management Limited Liability Company stated it has 8,069 shares or 0.02% of all its holdings. Tiverton Asset Management Limited Liability Company holds 56,050 shares. Raymond James Tru Na reported 44,217 shares. Mcf Advisors Ltd Liability Corporation holds 0% of its portfolio in Citigroup Inc. (NYSE:C) for 36 shares. Causeway Mgmt Lc has invested 3.02% of its portfolio in Citigroup Inc. (NYSE:C). Johnson Fincl Group Inc reported 0.35% of its portfolio in Citigroup Inc. (NYSE:C). Shufro Rose And Limited Liability Company holds 18,676 shares. Sg Americas Securities has invested 0.53% in Citigroup Inc. (NYSE:C). Whittier Tru reported 215,173 shares stake. 2.10M were accumulated by Capital Growth Mngmt Lp. Argentiere Capital Ag has invested 0.86% of its portfolio in Citigroup Inc. (NYSE:C). 60,442 were accumulated by Oxbow Advsr Limited Liability Corp.

Investors sentiment decreased to 1.45 in 2018 Q1. Its down 2.05, from 3.5 in 2017Q4. It is negative, as 6 investors sold RESN shares while 5 reduced holdings. 10 funds opened positions while 6 raised stakes. 2.41 million shares or 19.15% less from 2.98 million shares in 2017Q4 were reported. Stifel Corporation accumulated 38,550 shares. Wells Fargo Company Mn holds 0% or 4,400 shares. Morgan Stanley, a New York-based fund reported 92,223 shares. Geode Cap Management Ltd Liability invested in 0% or 36,246 shares. G2 Invest Prtnrs Management Ltd Liability accumulated 0.49% or 393,800 shares. Northern Corp reported 21,347 shares stake. 117,300 were reported by Sigma Planning Corporation. Susquehanna Intl Group Inc Llp reported 58,992 shares or 0% of all its holdings. Leisure Cap Management reported 0.15% stake. Deutsche State Bank Ag reported 71,678 shares. Institute For Wealth Lc accumulated 0.59% or 467,061 shares. Raymond James Finance Services Advsrs Inc owns 17,060 shares. Doheny Asset Mgmt Ca has 104,660 shares for 0.18% of their portfolio. Blackrock holds 0% or 32,711 shares in its portfolio. Millennium Ltd Com owns 14,461 shares.

Analysts await Resonant Inc. (NASDAQ:RESN) to report earnings on August, 8. They expect $-0.18 EPS, up 37.93% or $0.11 from last year’s $-0.29 per share. After $-0.28 actual EPS reported by Resonant Inc. for the previous quarter, Wall Street now forecasts -35.71% EPS growth.

Institute For Wealth Management Llc, which manages about $311.71 million and $339.26 million US Long portfolio, upped its stake in Ishares Tr (IVV) by 18,048 shares to 22,657 shares, valued at $6.14M in 2018Q1, according to the filing. It also increased its holding in Sanofi (NYSE:SNY) by 20,037 shares in the quarter, for a total of 25,076 shares, and has risen its stake in Ishares Tr (IVW).

More recent Resonant Inc. (NASDAQ:RESN) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within Teva Pharmaceutical Industries, Resonant, United Community Financial …” on June 07, 2018. Also Investorplace.com published the news titled: “3 Cheapest Stocks With Greatest Potential for Growth” on May 29, 2018. Nasdaq.com‘s news article titled: “Resonant to Attend at the 15th Annual Craig-Hallum Institutional Investor Conference in Minneapolis on May 30th” with publication date: May 25, 2018 was also an interesting one.

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