As Citigroup (C) Stock Price Rose, Clear Harbor Asset Management Has Upped Its Holding by $4.08 Million; Partnervest Advisory Services Position in Blackstone Group LP (BX) Decreased as Stock Price Rose

September 14, 2018 - By Anthony Rauscher

Citigroup Inc. (NYSE:C) Logo

Clear Harbor Asset Management Llc increased its stake in Citigroup Inc (C) by 110.14% based on its latest 2018Q2 regulatory filing with the SEC. Clear Harbor Asset Management Llc bought 61,832 shares as the company’s stock rose 4.79% with the market. The institutional investor held 117,971 shares of the major banks company at the end of 2018Q2, valued at $7.90 million, up from 56,139 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $177.42B market cap company. The stock increased 0.50% or $0.35 during the last trading session, reaching $70.5. About 5.15M shares traded. Citigroup Inc. (NYSE:C) has risen 2.50% since September 14, 2017 and is uptrending. It has underperformed by 13.12% the S&P500. Some Historical C News: 08/05/2018 – C&J ENERGY SERVICES INC CJ.N : CITIGROUP RAISES TARGET PRICE TO $37 FROM $35; 01/05/2018 – CITIGROUP’S KALVARIA SAYS THERE’S MORE POTENTIAL FOR CASH SALES; 15/03/2018 – RPT-CITIGROUP INC – CREDIT CARD DELINQUENCY RATE 1.58 PCT AT FEBRUARY END VS 1.60 PCT AT JANUARY END; 04/04/2018 – Citigroup at Capital Link Singapore Maritime Forum Apr 24; 08/05/2018 – Citigroup has leading positions in low-risk businesses that serve global corporations like cash management, payments and receivables processing, and payroll, ValueAct said; 21/03/2018 – CITIBANK – HAS RAISED ITS BASE LENDING RATE TO 4.75% FROM 4.50%; 29/05/2018 – ♫ Reuters Insider – UK Day Ahead: Italy’s crisis to dominate; German jobless data; Euro zone business morale; 29/03/2018 – GHANA SAYS ANGLOGOLD’S OBUASI PLAN LACKS LOCAL CONTENT: CITI FM; 14/05/2018 – DEUTSCHE BANK FINTECH BANKER RAHUL SINGLA SAID TO JOIN CITI; 07/05/2018 – HMS HOLDINGS CORP HMSY.O : CITIGROUP RAISES TARGET PRICE TO $21 FROM $18

Partnervest Advisory Services Llc decreased its stake in Blackstone Group LP (BX) by 43.4% based on its latest 2018Q2 regulatory filing with the SEC. Partnervest Advisory Services Llc sold 10,112 shares as the company’s stock rose 8.35% with the market. The institutional investor held 13,190 shares of the investment managers company at the end of 2018Q2, valued at $424,000, down from 23,302 at the end of the previous reported quarter. Partnervest Advisory Services Llc who had been investing in Blackstone Group LP for a number of months, seems to be less bullish one the $43.99B market cap company. The stock increased 2.33% or $0.837 during the last trading session, reaching $36.777. About 1.90 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 11.18% since September 14, 2017 and is uptrending. It has underperformed by 4.44% the S&P500. Some Historical BX News: 12/04/2018 – Linde, Praxair chose bidders for antitrust sell-off; 21/05/2018 – LASALLE HOTEL PROPERTIES – ALL-CASH TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY LASALLE’S BOARD OF TRUSTEES; 19/04/2018 – BLACKSTONE GROUP LP – TOTAL AUM INCREASED $81.4 BLN, OR 22%, TO $449.6 BLN AT QTR-END DRIVEN BY $112.2 BILLION OF INFLOWS; 09/04/2018 – MOODY’S UPGRADES VINE TO B3; OUTLOOK STABLE; 13/03/2018 – Blackstone to Make Strategic Minority Investment in Rockpoint; 18/04/2018 – Epic Blackstone Trade Intrudes on Friendly Lunch With Blankfein; 13/03/2018 – China’s sovereign wealth fund sells stake in Blackstone; 30/05/2018 – Blackstone Stands Down on Hovnanian Swaps Wager; 19/04/2018 – BLACKSTONE BX.N SAYS SET UP TO HAVE FIRST CLOSE OF INFRASTRUCTURE FUND THIS QUARTER – MEDIA CALL; 21/05/2018 – LASALLE HOTEL PROPERTIES TO BE ACQUIRED BY BLACKSTONE

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on October, 18. They expect $0.73 EPS, up 5.80% or $0.04 from last year’s $0.69 per share. BX’s profit will be $873.17M for 12.59 P/E if the $0.73 EPS becomes a reality. After $0.90 actual EPS reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts -18.89% negative EPS growth.

More news for The Blackstone Group L.P. (NYSE:BX) were recently published by: Streetinsider.com, which released: “UPDATE: Blackstone (BX) Said to Seek $18B for Its Biggest Real Estate Fund – Bloomberg” on September 14, 2018. Streetinsider.com‘s article titled: “Blackstone (BX) Analyst Day Could Prompt A 40% Trade – Morgan Stanley” and published on September 14, 2018 is yet another important article.

Investors sentiment decreased to 1.04 in Q2 2018. Its down 0.32, from 1.36 in 2018Q1. It dived, as 43 investors sold BX shares while 154 reduced holdings. 49 funds opened positions while 155 raised stakes. 298.71 million shares or 2.58% less from 306.64 million shares in 2018Q1 were reported. Moreover, Narwhal Mgmt has 0.9% invested in The Blackstone Group L.P. (NYSE:BX). Mirae Asset Glob Invs reported 0.03% stake. 115,725 are owned by Jacobson And Schmitt Advisors Limited. Weiss Multi owns 0.06% invested in The Blackstone Group L.P. (NYSE:BX) for 75,000 shares. Fairfield Bush Commerce reported 0.1% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Martin Currie Limited has invested 0.93% in The Blackstone Group L.P. (NYSE:BX). Allen Invest Limited Liability reported 0.06% stake. City Trust Fl owns 7,803 shares for 0.11% of their portfolio. 500 were accumulated by Tradewinds Capital Mngmt Limited Liability Company. Regions Financial Corp has 18,658 shares for 0.01% of their portfolio. Girard Prtnrs holds 0.05% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 7,983 shares. Wilbanks Smith & Thomas Asset Mngmt invested in 0.04% or 15,180 shares. Bailard reported 0.03% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Van Cleef Asset Managementinc invested in 0.14% or 18,000 shares. 16,000 are owned by Summit Gp Lc.

Partnervest Advisory Services Llc, which manages about $418.45M and $216.28 million US Long portfolio, upped its stake in California Res Corp by 66,840 shares to 73,840 shares, valued at $3.36M in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (USMV) by 5,884 shares in the quarter, for a total of 149,212 shares, and has risen its stake in Vanguard Index Fds (VNQ).

Since June 12, 2018, it had 0 insider purchases, and 2 selling transactions for $25.26 million activity. The insider Finley John G sold $664,600.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Blackstone Group L.P. had 69 analyst reports since August 9, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $42 target in Tuesday, August 14 report. The firm has “Outperform” rating given on Friday, July 14 by Oppenheimer. Keefe Bruyette & Woods maintained the shares of BX in report on Wednesday, April 11 with “Buy” rating. Jefferies maintained The Blackstone Group L.P. (NYSE:BX) on Friday, April 28 with “Buy” rating. The stock has “Buy” rating by Deutsche Bank on Tuesday, February 9. The stock of The Blackstone Group L.P. (NYSE:BX) has “Neutral” rating given on Tuesday, December 8 by Bank of America. Argus Research maintained the stock with “Buy” rating in Tuesday, October 27 report. As per Friday, July 20, the company rating was maintained by Credit Suisse. On Friday, July 21 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Buy” rating given on Friday, October 20 by Bank of America.

Clear Harbor Asset Management Llc, which manages about $493.82M and $535.38M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 3,867 shares to 89,404 shares, valued at $16.55M in 2018Q2, according to the filing. It also reduced its holding in Macquarie Infrastructure Cor (NYSE:MIC) by 9,740 shares in the quarter, leaving it with 96,521 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment increased to 1.02 in 2018 Q2. Its up 0.13, from 0.89 in 2018Q1. It improved, as 74 investors sold C shares while 455 reduced holdings. 108 funds opened positions while 433 raised stakes. 1.86 billion shares or 2.08% less from 1.90 billion shares in 2018Q1 were reported. Eaton Vance Management invested in 1.69M shares or 0.27% of the stock. Amica Mutual Co accumulated 0.71% or 87,735 shares. Prelude Capital Mgmt Ltd Liability reported 50,056 shares or 0.21% of all its holdings. Endurance Wealth Management Inc owns 10,243 shares. Pinnacle Advisory Group Inc Inc holds 0.02% of its portfolio in Citigroup Inc. (NYSE:C) for 6,193 shares. 6,227 are held by Confluence Wealth. Utah Retirement owns 0.65% invested in Citigroup Inc. (NYSE:C) for 472,524 shares. Hollow Brook Wealth Mngmt Ltd Llc invested in 4.5% or 85,071 shares. Palisade Management Ltd Llc Nj reported 0.02% stake. Swedbank, Sweden-based fund reported 2.15M shares. James Investment Research Incorporated stated it has 81 shares. Gendell Jeffrey L invested in 5.38% or 787,493 shares. Principal Finance Grp accumulated 4.16 million shares or 0.26% of the stock. Augustine Asset Mgmt reported 95,718 shares. Gateway Invest Advisers Limited Liability Corp stated it has 1.45 million shares.

Since May 14, 2018, it had 0 insider buys, and 2 sales for $972,176 activity. $34,605 worth of Citigroup Inc. (NYSE:C) shares were sold by AKRAM RAJA.

More news for Citigroup Inc. (NYSE:C) were recently published by: Seekingalpha.com, which released: “WSJ: Danske Bank in money laundering probe; Citi, Deutsche Bank involved” on September 14, 2018. Seekingalpha.com‘s article titled: “Citigroup: Buy This Weakness?” and published on September 04, 2018 is yet another important article.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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