Gvo Asset Management Ltd decreased its stake in Bank Amer Corp (BAC) by 23.45% based on its latest 2018Q3 regulatory filing with the SEC. Gvo Asset Management Ltd sold 165,150 shares as the company’s stock declined 19.66% with the market. The institutional investor held 538,968 shares of the major banks company at the end of 2018Q3, valued at $15.88M, down from 704,118 at the end of the previous reported quarter. Gvo Asset Management Ltd who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $259.29B market cap company. The stock increased 1.50% or $0.39 during the last trading session, reaching $26.42. About 34.43M shares traded. Bank of America Corporation (NYSE:BAC) has declined 13.97% since January 14, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 09/05/2018 – Audentes Therapeutics at Bank of America Conference May 16; 16/05/2018 – RadNet Presenting at Bank of America Conference Tomorrow; 19/04/2018 – Icon Presenting at Bank of America Conference May 15; 02/04/2018 – Hawaii News Now: Source: Panthers bidder to visit Bank of America stadium Monday; 30/03/2018 – NXT-ID Inc. to File Year-end Earnings, Schedule Investor Webcast to Discuss 2017 Results; 14/05/2018 – Union Pacific Presenting at Bank of America Conference Tomorrow; 16/05/2018 – Clovis Oncology at Bank of America Conference Tomorrow; 16/03/2018 – YNAP YNAP.Ml – BOARD TOOK INTO ACCOUNT FAIRNESS OPINIONS PROVIDED BY FINANCIAL ADVISERS MEDIOBANCA AND BANK OF AMERICA MERRILL LYNCH; 29/03/2018 – JAPAN’S ANTITRUST WATCHDOG FTC: WARNS DEUTSCHE BANK, BANK OF AMERICA MERRILL LYNCH OVER ALLEGED 2012 BOND-PRICE FIXING; 01/05/2018 – Bank of America: Chicago Entrepreneurs Increasing Plans to Hire
Argent Trust Company increased its stake in Citigroup Inc (C) by 15.28% based on its latest 2018Q3 regulatory filing with the SEC. Argent Trust Company bought 6,310 shares as the company’s stock declined 18.04% with the market. The hedge fund held 47,606 shares of the major banks company at the end of 2018Q3, valued at $3.37M, up from 41,296 at the end of the previous reported quarter. Argent Trust Company who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $144.18 billion market cap company. The stock increased 4.15% or $2.35 during the last trading session, reaching $59.04. About 21.29 million shares traded or 0.62% up from the average. Citigroup Inc. (NYSE:C) has declined 23.89% since January 14, 2018 and is downtrending. It has underperformed by 23.89% the S&P500. Some Historical C News: 24/04/2018 – CITIGROUP’S LATHROP TO TAKE LEAVE OF ABSENCE FROM BANK: MEMO; 03/04/2018 – Citigroup and Goldman face shareholder pressure on lobbying; 07/05/2018 – Activist Investor ValueAct Has a Roughly $1.2 Billion Stake in Citigroup — Letter; 25/04/2018 – GLOBAL PHARMA: CITIGROUP SAYS IT PREFERS BUY-RATED MERCK, ELI LILLY, BRISTOL-MYERS SQUIBB, ASTRAZENECA AND BAYER; 12/04/2018 – ANALYSIS-Spotify puts bank IPO paydays under fund manager scrutiny; 23/04/2018 – Latin Bond Sales Drop 6.4% in 2018, Citi Leads; 06/03/2018 – CORRECTED-World Economic Forum leads creation of fintech cyber security consortium; 03/05/2018 – Super Retail Target Lifted 2.3% to A$9/Share by Citi; 18/04/2018 – DUTCH ENECO WORKING WITH CITI ON ITS PRIVATISATION; 07/05/2018 – In a statement, Citi said it has been having constructive conversations with ValueAct and welcomes them as investors
Among 40 analysts covering Citigroup Inc. (NYSE:C), 25 have Buy rating, 2 Sell and 13 Hold. Therefore 63% are positive. Citigroup Inc. had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Friday, December 11. Oppenheimer maintained Citigroup Inc. (NYSE:C) rating on Friday, January 29. Oppenheimer has “Outperform” rating and $67 target. Barclays Capital maintained Citigroup Inc. (NYSE:C) rating on Tuesday, January 3. Barclays Capital has “Overweight” rating and $70 target. The stock has “Overweight” rating by Morgan Stanley on Thursday, March 15. The firm earned “Sell” rating on Wednesday, January 11 by UBS. On Monday, July 16 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was downgraded by BMO Capital Markets on Monday, July 31 to “Market Perform”. The rating was maintained by Morgan Stanley on Monday, April 30 with “Overweight”. The stock has “Hold” rating by Jefferies on Tuesday, January 16. The stock of Citigroup Inc. (NYSE:C) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, April 5.
More notable recent Citigroup Inc. (NYSE:C) news were published by: Seekingalpha.com which released: “Bullish Momentum Moving Into Citigroup’s Stock – Seeking Alpha” on December 31, 2018, also Seekingalpha.com with their article: “Citi Getting No Love As Macro Risks Mount – Seeking Alpha” published on December 20, 2018, Benzinga.com published: “Citigroup Inc. (NYSE:C), Amazon.com, Inc. (NASDAQ:AMZN) – After Strong Week, Market Comes Under Pressure From China As Earnings Begin – Benzinga” on January 14, 2019. More interesting news about Citigroup Inc. (NYSE:C) were released by: Seekingalpha.com and their article: “Wall Street Breakfast: China Data Adds Pressure To Trade Deal – Seeking Alpha” published on January 14, 2019 as well as Investorplace.com‘s news article titled: “Thursdayâ€™s Vital Data: FedEx, Facebook, Citigroup – Investorplace.com” with publication date: December 20, 2018.
Since July 19, 2018, it had 0 insider buys, and 1 sale for $34,605 activity.
Investors sentiment is 1.02 in Q3 2018. Its the same as in 2018Q2. It is without change, as 52 investors sold C shares while 470 reduced holdings. only 122 funds opened positions while 410 raised stakes. 1.80 billion shares or 3.35% less from 1.86 billion shares in 2018Q2 were reported. The United Kingdom-based Sarasin And Prns Llp has invested 1.72% in Citigroup Inc. (NYSE:C). Segall Bryant & Hamill Llc accumulated 73,793 shares. Prudential Finance holds 0.77% or 7.31M shares in its portfolio. Fulton Fincl Bank Na invested 0.13% in Citigroup Inc. (NYSE:C). 191,945 were accumulated by Chilton Mgmt Limited Company. Granite Inv Limited Liability Company has invested 0.03% in Citigroup Inc. (NYSE:C). Diamond Hill Cap Management Inc reported 9.13 million shares stake. Pinnacle Ltd Company owns 19,469 shares or 0% of their US portfolio. Jpmorgan Chase & holds 0.52% or 37.93 million shares in its portfolio. Moreover, Regentatlantic Capital has 0.67% invested in Citigroup Inc. (NYSE:C) for 122,342 shares. Seabridge Limited Liability Corp holds 134,303 shares or 2.47% of its portfolio. Oarsman Cap Inc holds 2.23% of its portfolio in Citigroup Inc. (NYSE:C) for 77,263 shares. Smith Moore & holds 0.13% or 7,745 shares in its portfolio. Moreover, First Trust Advisors Limited Partnership has 0.02% invested in Citigroup Inc. (NYSE:C). Bloom Tree Ltd Liability holds 2.09% or 331,585 shares in its portfolio.
Argent Trust Company, which manages about $867.32M US Long portfolio, decreased its stake in Glaxosmithkline Plc Adr (NYSE:GSK) by 22,651 shares to 6,174 shares, valued at $248,000 in 2018Q3, according to the filing. It also reduced its holding in Invesco Qqq Trust Etf by 2,572 shares in the quarter, leaving it with 5,385 shares, and cut its stake in Home Depot Inc (NYSE:HD).
Investors sentiment decreased to 0.84 in 2018 Q3. Its down 0.17, from 1.01 in 2018Q2. It fall, as 57 investors sold BAC shares while 649 reduced holdings. 123 funds opened positions while 473 raised stakes. 6.37 billion shares or 1.73% less from 6.48 billion shares in 2018Q2 were reported. State Bank Of Stockton invested 0.23% of its portfolio in Bank of America Corporation (NYSE:BAC). Whitnell & has invested 0.06% in Bank of America Corporation (NYSE:BAC). Segall Bryant And Hamill Ltd Limited Liability Company invested in 0.02% or 45,895 shares. Patriot Wealth Management accumulated 372,351 shares or 1.38% of the stock. Busey Tru reported 38,290 shares. Daiwa Grp Inc accumulated 953,892 shares. Pointstate L P, New York-based fund reported 2.11M shares. Lombard Odier Asset Mngmt (Switzerland) has 0.22% invested in Bank of America Corporation (NYSE:BAC). Gam Holdings Ag has invested 0.03% in Bank of America Corporation (NYSE:BAC). Northern Capital Management Lc has 1.2% invested in Bank of America Corporation (NYSE:BAC). First Heartland Consultants reported 21,418 shares. Northwestern Mutual Wealth reported 0.05% of its portfolio in Bank of America Corporation (NYSE:BAC). Stone Ridge Asset Management Ltd Liability accumulated 82,944 shares. Jane Street Grp Limited Liability Company holds 0.02% or 360,473 shares in its portfolio. Yhb Invest Advisors Inc has invested 0.14% in Bank of America Corporation (NYSE:BAC).
Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 16 before the open. They expect $0.63 earnings per share, up 34.04% or $0.16 from last year’s $0.47 per share. BAC’s profit will be $6.18B for 10.48 P/E if the $0.63 EPS becomes a reality. After $0.66 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.
Gvo Asset Management Ltd, which manages about $286.46M US Long portfolio, upped its stake in Tesla Inc (NASDAQ:TSLA) by 15,900 shares to 36,000 shares, valued at $9.53 million in 2018Q3, according to the filing.
Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Deutsche Bank on Tuesday, January 26. Citigroup maintained the shares of BAC in report on Tuesday, April 24 with “Neutral” rating. Keefe Bruyette & Woods upgraded the shares of BAC in report on Tuesday, November 29 to “Outperform” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Credit Suisse on Friday, December 7. The firm earned “Buy” rating on Monday, April 16 by Nomura. The firm has “Outperform” rating given on Saturday, September 5 by Oppenheimer. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Wednesday, April 4 with “Buy” rating. The company was downgraded on Tuesday, November 15 by Guggenheim. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 3 report. The rating was maintained by Oppenheimer with “Buy” on Tuesday, July 18.
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