Published: Fri, April 13, 2018
Business | By Kate Woods

Citigroup Inc. (NYSE:C) posts 1Q18 numbers; Tops Estimate

Citigroup Inc. (NYSE:C) posts 1Q18 numbers; Tops Estimate

The C has a wide variety of figures for various time frames, commencing from week's performance it advances on positive ratio of 2.72% during the last five regular trading sessions. 16,018,050 shares of the company traded hands, compared to its average volume of 17,718,203.

Citigroup Inc (NYSE:C) released its Q1 2018 earnings results before opening bell this morning.

The topline results for the first quarter rose 3% to $ 18.87 billion from $ 18.37 billion in the same quarter a year ago. Intl. Business Machines Corp now has $145.61 billion valuation. The stock increased 3.21% or $2.24 during the last trading session, reaching $72.13. Mackenzie Fincl Corporation owns 5.73M shs. It has underperformed by 24.13% the S&P500.

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Investors sentiment decreased to 1.07 in Q4 2017. (NYSE: JPM) generated a change of -1.68% and closed at $110.62. Virtus Invest Advisers stated it has 32,505 shares or 0.29% of all its holdings. Peak6 LP holds 0.17% or 495,855 shares. Eagle Asset Mgmt has invested 0.26% of its capital in Citigroup Inc. (NYSE:C) is active and made a solid movement in the last trading day. Paragon Associates Paragon Associates Ii Joint Venture has 175,000 shares. Apriem Advsrs reported 6,396 shs. It also reduced its holding in Powershares Qqq Trust (QQQ) by 3,052 shares in the quarter, leaving it with 16,030 shares, and cut its stake in Boeing Co (NYSE:BA). Citigroup Inc. (NYSE:C) has risen 17.06% since April 13, 2017 and is uptrending. Usca Ria Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $184.68B market cap company. C outperformed the S&P 500 by 5.51%. (NYSE:C) for 328,310 shares. 71,790 were accumulated by Northern Cap Management Limited Co. Sanders Cap Lc owns 12.65M shares or 5.12% of their U.S. portfolio. Hudock Capital Gp Limited Liability Com has 1,002 shs. (NYSE:C). Utah Retirement Sys reported 492,524 shs. UBS maintained Citigroup Inc.

Among 30 analysts covering Cummins (NYSE:CMI), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 60% are positive. On Wednesday, January 17 the rating was downgraded by Wood to "Market Perform". The stock has "Underperform" rating by Raymond James on Wednesday, September 27. The firm has "Hold" rating given on Tuesday, January 16 by Jefferies. Nepsis Capital Management Inc reported 100,613 shs. The firm has "Buy" rating by Vining Sparks given on Friday, April 6. The firm has "Overweight" rating by Atlantic Securities given on Wednesday, December 21.

Since February 27, 2018, it had 0 insider purchases, and 6 selling transactions for $4.97 million activity. Kiltearn Prtn Llp has 7.71% invested in Citigroup Inc. The insider Hu W. Bradford sold 8,010 shs worth $611,804. (NYSE:C). $263,126 worth of Citigroup Inc. Gerspach John C sold 7,000 shares worth $542,920. Wells Fargo set a $95.00 price target on Citigroup and gave the stock a "buy" rating in a report on Wednesday, December 20th. As per Friday, October 13, the company rating was maintained by Nomura. The stock has "Outperform" rating by Oppenheimer on Tuesday, September 15. On Tuesday, January 2 the rating was maintained by Barclays Capital with "Buy". The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base.

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Investors sentiment decreased to 1.43 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It increased, as 47 investors sold CMI shares while 251 reduced holdings. 22 funds opened positions while 31 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Sunbelt Securities holds 11,989 shares or 0.87% of its portfolio. Millennium Mngmt Ltd Com reported 36,271 shares. Zuckerman Investment Gp Lc owns 123,300 shares. Tiaa Cref Mgmt Llc holds 0% or 94,128 shares in its portfolio. How much did Citi's corporate and investment bank benefit? Security Comml Bank Of Sioux City Iowa Ia invested 1.11% of its portfolio in International Business Machines Corporation (NYSE:IBM). Palo Capital Incorporated owns 62,632 shares.

C has been the topic of a number of other research reports. Virtu Ltd Liability has 0.03% invested in Red Hat, Inc. State Teachers Retirement System reported 0% in Era Group Inc.

Peapack Gladstone Financial Corp decreased Allergan Plc stake by 852 shares to 4,020 valued at $657.59M in 2017Q4.

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