Edge Wealth Management Has Upped Holding in Citigroup (C) by $373,404 as Share Value Declined; Thor Industries (THO) Shareholder Bank Of New York Mellon Has Decreased Its Stake by $3.08 Million

May 27, 2018 - By Dolores Ford

Citigroup Inc. (NYSE:C) Logo

Bank Of New York Mellon Corp decreased its stake in Thor Industries Inc (THO) by 2.93% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 20,554 shares as the company’s stock declined 25.88% with the market. The institutional investor held 681,478 shares of the consumer non-durables company at the end of 2017Q4, valued at $102.71M, down from 702,032 at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Thor Industries Inc for a number of months, seems to be less bullish one the $5.00 billion market cap company. The stock decreased 0.17% or $0.16 during the last trading session, reaching $94.92. About 1.19 million shares traded or 6.17% up from the average. Thor Industries, Inc. (NYSE:THO) has risen 15.62% since May 27, 2017 and is uptrending. It has outperformed by 4.07% the S&P500.

Edge Wealth Management Llc increased its stake in Citigroup Inc (C) by 82.44% based on its latest 2017Q4 regulatory filing with the SEC. Edge Wealth Management Llc bought 5,046 shares as the company’s stock declined 9.55% with the market. The institutional investor held 11,167 shares of the major banks company at the end of 2017Q4, valued at $834,000, up from 6,121 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $174.52B market cap company. The stock decreased 1.26% or $0.87 during the last trading session, reaching $68.44. About 16.01 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since May 27, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

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. As per Friday, April 13, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Monday, September 25. The company was initiated on Tuesday, September 5 by Vertical Group. Atlantic Securities upgraded the shares of C in report on Wednesday, December 21 to “Overweight” rating. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Jefferies on Monday, October 10. As per Tuesday, September 12, the company rating was upgraded by Societe Generale. The company was downgraded on Tuesday, January 16 by Keefe Bruyette & Woods. The rating was downgraded by Goldman Sachs on Friday, September 16 to “Neutral”. Jefferies upgraded the stock to “Buy” rating in Monday, September 28 report. The company was maintained on Wednesday, June 7 by Keefe Bruyette & Woods.

Edge Wealth Management Llc, which manages about $803.39 million and $353.06 million US Long portfolio, decreased its stake in Costco Wholesale Corp (NASDAQ:COST) by 6,072 shares to 40 shares, valued at $7,000 in 2017Q4, according to the filing. It also reduced its holding in Shire Plc (NASDAQ:SHPG) by 32,262 shares in the quarter, leaving it with 8,134 shares, and cut its stake in Eaton Corp Plc (NYSE:ETN).

Since February 27, 2018, it had 0 insider purchases, and 7 insider sales for $5.91 million activity. Gerspach John C sold 7,000 shares worth $542,920. The insider Hu W. Bradford sold $611,804. 7,000 shares were sold by Callahan Don, worth $536,410 on Wednesday, February 28. The insider Fraser Jane Nind sold $2.51 million. 6,466 shares were sold by Forese James A., worth $500,666 on Tuesday, February 27.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Livetradingnews.com which released: “Citigroup Inc. (NYSE:C) Heffx Technical Analysis” on May 17, 2018, also Seekingalpha.com with their article: “Citigroup: Buy Now” published on May 01, 2018, 247Wallst.com published: “Major Banks See Rising Tide of Short Interest” on May 25, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Livetradingnews.com and their article: “Citigroup Inc. (NYSE:C) Heffx Trading Review” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “ValueAct takes $1.2B stake in Citi” with publication date: May 08, 2018.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It dropped, 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. Aureus Asset Mgmt Ltd reported 0.03% of its portfolio in Citigroup Inc. (NYSE:C). Benchmark Advisors has 30,320 shares for 1.76% of their portfolio. Rench Wealth Management holds 5,019 shares or 0.24% of its portfolio. Acg Wealth has 13,042 shares. 163,048 were accumulated by Kentucky Retirement Systems. Cognios Ltd holds 0.35% of its portfolio in Citigroup Inc. (NYSE:C) for 12,629 shares. Suntrust Banks Inc invested 0.09% in Citigroup Inc. (NYSE:C). American Assets Mgmt Ltd Co accumulated 42,000 shares or 0.6% of the stock. 12,711 are owned by Lombard Odier Asset Management (Switzerland) Sa. Goodwin Daniel L invested in 0.4% or 12,300 shares. De Burlo Gp invested in 1.78% or 118,382 shares. Moors And Cabot Inc reported 0.46% in Citigroup Inc. (NYSE:C). Osborne Prns Capital Mngmt Ltd Liability Corporation has invested 0.15% of its portfolio in Citigroup Inc. (NYSE:C). Mathes Com holds 2.64% or 77,583 shares. Compton Mgmt Ri has invested 0.46% in Citigroup Inc. (NYSE:C).

Among 14 analysts covering Thor Industries Inc (NYSE:THO), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Thor Industries Inc had 39 analyst reports since September 29, 2015 according to SRatingsIntel. Great Lakes upgraded the shares of THO in report on Wednesday, September 28 to “Buy” rating. The firm earned “Hold” rating on Thursday, March 8 by Stifel Nicolaus. The firm earned “Hold” rating on Friday, August 19 by Wunderlich. The firm has “Hold” rating by BMO Capital Markets given on Thursday, July 13. The firm has “Buy” rating given on Tuesday, June 7 by Wunderlich. The stock of Thor Industries, Inc. (NYSE:THO) has “Buy” rating given on Thursday, March 8 by Aegis Capital. The firm has “Outperform” rating given on Tuesday, May 1 by BMO Capital Markets. Citigroup maintained the shares of THO in report on Friday, October 2 with “Buy” rating. The firm has “Hold” rating by Argus Research given on Friday, December 8. The firm has “Buy” rating by Citigroup given on Friday, June 9.

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on June, 6 after the close. They expect $2.63 EPS, up 24.64% or $0.52 from last year’s $2.11 per share. THO’s profit will be $138.59 million for 9.02 P/E if the $2.63 EPS becomes a reality. After $1.92 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 36.98% EPS growth.

Another recent and important Thor Industries, Inc. (NYSE:THO) news was published by Seekingalpha.com which published an article titled: “Red Robin Had A Bad Conference Call – Cramer’s Lightning Round (5/24/18)” on May 25, 2018.

Bank Of New York Mellon Corp, which manages about $379.94 billion US Long portfolio, upped its stake in First Finl Bankshares Inc (NASDAQ:FFIN) by 32,593 shares to 1.18 million shares, valued at $53.05M in 2017Q4, according to the filing. It also increased its holding in Energizer Holdings Inc by 123,007 shares in the quarter, for a total of 947,895 shares, and has risen its stake in Bank Of Montreal (NYSE:BMO).

Citigroup Inc. (NYSE:C) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: