M&T Bank Has Raised Its Weyerhaeuser Co (WY) Stake; Wolverine Asset Management Has Decreased By $4.21 Million Its Citigroup (Call) (C) Stake

June 17, 2018 - By Louis Casey

Citigroup Inc. (NYSE:C) Logo

Wolverine Asset Management Llc decreased Citigroup Inc (Call) (C) stake by 23.93% reported in 2018Q1 SEC filing. Wolverine Asset Management Llc sold 62,900 shares as Citigroup Inc (Call) (C)’s stock declined 11.86%. The Wolverine Asset Management Llc holds 200,000 shares with $13.50M value, down from 262,900 last quarter. Citigroup Inc (Call) now has $169.16 billion valuation. The stock increased 0.27% or $0.18 during the last trading session, reaching $66.34. About 29.31 million shares traded or 69.58% up from the average. Citigroup Inc. (NYSE:C) has risen 10.48% since June 17, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: ; 13/03/2018 – MARATHON PETROLEUM CORP MPC.N : CITIGROUP RAISES TARGET PRICE TO $80 FROM $75; 13/03/2018 – CITIGROUP HIRES JPMORGAN’S TRUSCOTT AS MD IN UK INVESTMENT BANK; 26/03/2018 – By 2033, Emerging Technologies Could Combine to Create New Investment Vehicles that Gradually Replace Equities, Bonds: Citi; 29/03/2018 – CHEVRON CORP CVX.N : CITIGROUP RAISES TARGET PRICE TO $133 FROM $125; 13/04/2018 – On Friday, a number of U.S. banks are due to report their latest earnings, including Citigroup, J.P. Morgan Chase and Wells Fargo; 25/05/2018 – UK short-run inflation expectations rise for first time since Oct – Citi/YouGov; 24/04/2018 – CITIGROUP’S CURRENT CHAIRMAN MIKE O’NEILL COMMENTS AT MEETING; 22/03/2018 – RED HAT INC RHT.N : CITIGROUP RAISES TARGET PRICE TO $179 FROM $148; 13/04/2018 – Citigroup 1Q Effective Tax Rate 24%; 13/04/2018 – CITIGROUP SEEING GOOD CREDIT PERFORMANCE AROUND THE WORLD, SAYS CFO

M&T Bank Corp increased Weyerhaeuser Co (WY) stake by 40950933.33% reported in 2018Q1 SEC filing. M&T Bank Corp acquired 1.23M shares as Weyerhaeuser Co (WY)’s stock rose 3.62%. The M&T Bank Corp holds 1.23 million shares with $43.00M value, up from 3 last quarter. Weyerhaeuser Co now has $27.97 billion valuation. The stock decreased 0.83% or $0.31 during the last trading session, reaching $36.95. About 5.42M shares traded or 32.23% up from the average. Weyerhaeuser Company (NYSE:WY) has risen 11.40% since June 17, 2017 and is uptrending. It has underperformed by 1.17% the S&P500. Some Historical WY News: ; 22/05/2018 – Simons to represent Weyerhaeuser at Nareit REITweek: 2018 Investor Conference; 22/04/2018 – DJ Weyerhaeuser Company, Inst Holders, 1Q 2018 (WY); 05/03/2018 Weyerhaeuser Distribution Adds FiberonĀ® Decking to its Houston and Phoenix Facilities; 27/04/2018 – Weyerhaeuser 1Q EPS 35c; 23/05/2018 – Columbia Bank Appoints Craig D. Eerkes As Chairman Of The Board To Succeed William T. Weyerhaeuser; 25/04/2018 – Weyerhaeuser Co expected to post earnings of 33 cents a share – Earnings Preview; 27/04/2018 – Weyerhaeuser Sees 2Q Real Estate, Energy & Natural Resources Earnings Comparable to 1Q; 27/04/2018 – Weyerhaeuser 1Q Wood Products Revenue $1.309; 22/05/2018 – Simons to represent Weyerhaeuser at Nareit RElTweek: 2018 Investor Conference; 27/04/2018 – Weyerhaeuser 1Q Adj EPS 36c

M&T Bank Corp decreased Regeneron Pharmaceuticals (NASDAQ:REGN) stake by 7,114 shares to 8,113 valued at $2.79M in 2018Q1. It also reduced Ishares Tr (ICF) stake by 39,354 shares and now owns 661,924 shares. Marsh & Mclennan Cos Inc (NYSE:MMC) was reduced too.

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 0.20, from 1.14 in 2017Q4. It dived, as 58 investors sold WY shares while 284 reduced holdings. 67 funds opened positions while 256 raised stakes. 556.76 million shares or 2.10% more from 545.30 million shares in 2017Q4 were reported. Eagle Ridge Invest Mngmt has 1.22% invested in Weyerhaeuser Company (NYSE:WY). Liberty Mutual Grp Asset has invested 0.03% in Weyerhaeuser Company (NYSE:WY). Td Asset Inc invested in 0.02% or 303,990 shares. Rmb Capital Mgmt Ltd owns 20,202 shares. White Pine Cap Limited Company stated it has 0.21% of its portfolio in Weyerhaeuser Company (NYSE:WY). Nomura Holding invested in 465,744 shares. Neville Rodie Shaw has invested 0.62% in Weyerhaeuser Company (NYSE:WY). Atlantic Gru Limited stated it has 351,002 shares. Palladium Partners reported 0.02% of its portfolio in Weyerhaeuser Company (NYSE:WY). Clearbridge Investments Lc has invested 0.36% in Weyerhaeuser Company (NYSE:WY). 21,310 were reported by Colony Grp Ltd Liability Co. Moreover, Sumitomo Mitsui Trust Holding has 0.09% invested in Weyerhaeuser Company (NYSE:WY) for 1.96 million shares. Gamble Jones Counsel reported 55,951 shares stake. Fincl Counselors owns 56,605 shares for 0.09% of their portfolio. 1St Source Savings Bank has invested 0.08% in Weyerhaeuser Company (NYSE:WY).

Among 14 analysts covering Weyerhaeuser Company (NYSE:WY), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Weyerhaeuser Company had 36 analyst reports since September 11, 2015 according to SRatingsIntel. Credit Agricole upgraded the shares of WY in report on Friday, November 13 to “Outperform” rating. The firm has “Buy” rating given on Thursday, November 2 by Argus Research. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, September 27 report. The firm has “Market Perform” rating given on Monday, August 14 by BMO Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $40.0 target in Monday, September 4 report. Dundee Securities downgraded the stock to “Neutral” rating in Friday, December 18 report. Bank of America upgraded the stock to “Buy” rating in Wednesday, January 24 report. The firm earned “Neutral” rating on Wednesday, July 5 by Bank of America. The company was maintained on Tuesday, March 15 by Argus Research. The stock of Weyerhaeuser Company (NYSE:WY) earned “Buy” rating by RBC Capital Markets on Wednesday, April 19.

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.

More notable recent Citigroup Inc. (NYSE:C) news were published by: Bizjournals.com which released: “What’s North Carolina’s piece of the $100M Citigroup settlement?” on June 15, 2018, also Seekingalpha.com with their article: “Citigroup Will Thrive Regardless Of Interest Rates” published on June 08, 2018, Benzinga.com published: “A Concerning Weakness In Bank Stocks” on June 16, 2018. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup Inc. (C) Management presents at Morgan Stanley Financials Conference (Transcript)” 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.

Since February 27, 2018, it had 0 buys, and 7 insider sales for $5.91 million activity. $263,126 worth of stock was sold by MURRAY JOSEPH MICHAEL on Tuesday, February 27. Fraser Jane Nind sold $2.51M worth of stock or 32,400 shares. Shares for $937,571 were sold by Gerspach John C. $536,410 worth of Citigroup Inc. (NYSE:C) shares were sold by Callahan Don. 8,010 shares were sold by Hu W. Bradford, worth $611,804 on Tuesday, February 27. 6,466 shares were sold by Forese James A., worth $500,666 on Tuesday, February 27.

Wolverine Asset Management Llc increased Ensco Plc (Put) (NYSE:ESV) stake by 214,000 shares to 244,100 valued at $1.07 million in 2018Q1. It also upped Apple Inc (Call) (NASDAQ:AAPL) stake by 122,700 shares and now owns 123,300 shares. Procter And Gamble Co (Put) (NYSE:PG) was raised too.

Weyerhaeuser Company (NYSE:WY) Institutional Positions Chart

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