As Accenture Plc (ACN) Share Price Declined, Martin Investment Management Upped Holding; As Citigroup (C) Stock Price Rose, Trafelet Brokaw Capital Management LP Has Lowered Stake by $318,960

December 21, 2017 - By Marguerite Chambers

Martin Investment Management Llc increased its stake in Accenture Plc (ACN) by 14.21% based on its latest 2017Q3 regulatory filing with the SEC. Martin Investment Management Llc bought 10,102 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 81,187 shares of the business services company at the end of 2017Q3, valued at $10.97 million, up from 71,085 at the end of the previous reported quarter. Martin Investment Management Llc who had been investing in Accenture Plc for a number of months, seems to be bullish on the $95.64B market cap company. The stock increased 2.53% or $3.84 during the last trading session, reaching $155.59. About 2.80 million shares traded or 43.34% up from the average. Accenture plc (NYSE:ACN) has risen 4.27% since December 21, 2016 and is uptrending. It has underperformed by 12.43% the S&P500.

Remy Trafelet decreased its stake in Citigroup Inc (C) by 59.62% based on its latest 2017Q3 regulatory filing with the SEC. Trafelet Brokaw Capital Management Lp sold 4,430 shares as the company’s stock rose 1.55% with the market. The hedge fund run by Remy Trafelet held 3,000 shares of the major banks company at the end of 2017Q3, valued at $218,000, down from 7,430 at the end of the previous reported quarter. Trafelet Brokaw Capital Management Lp who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $200.75B market cap company. The stock increased 1.70% or $1.2668 during the last trading session, reaching $75.9268. About 8.41M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since December 21, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. Accenture Plc had 73 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Equalweight” rating by Barclays Capital on Thursday, July 7. The firm has “Buy” rating given on Thursday, September 28 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, March 27 by Credit Suisse. The firm earned “Overweight” rating on Tuesday, July 12 by Pacific Crest. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. The stock has “Outperform” rating by Wedbush on Friday, September 9. The stock of Accenture plc (NYSE:ACN) earned “Neutral” rating by Susquehanna on Tuesday, October 3. The rating was maintained by Robert W. Baird on Thursday, September 21 with “Hold”. The firm has “Hold” rating by Societe Generale given on Thursday, September 28. RBC Capital Markets maintained the shares of ACN in report on Friday, December 18 with “Outperform” rating.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It fall, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Foster Motley stated it has 0.92% of its portfolio in Accenture plc (NYSE:ACN). South Dakota Council accumulated 22,400 shares. Laurel Grove Cap Ltd Limited Liability Company stated it has 13,250 shares or 0.93% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 50,259 shares or 0.1% of all its holdings. North Point Portfolio Managers Corporation Oh accumulated 153,360 shares or 3.5% of the stock. 10,200 were accumulated by Numeric Invsts Ltd Liability Company. Motco, a Texas-based fund reported 40,088 shares. Spears Abacus Advsr Ltd Liability Corp owns 3,215 shares. Papp L Roy & has invested 5.05% of its portfolio in Accenture plc (NYSE:ACN). Oarsman Cap accumulated 0.36% or 6,244 shares. Gargoyle Investment Advisor Lc reported 20,075 shares stake. Louisiana-based Waters Parkerson & Limited Liability Co has invested 2.88% in Accenture plc (NYSE:ACN). Georgia-based Vident Invest Advisory Lc has invested 0.02% in Accenture plc (NYSE:ACN). Confluence Wealth invested in 11,307 shares or 0.75% of the stock. Sentinel Tru Company Lba has invested 0.19% in Accenture plc (NYSE:ACN).

Martin Investment Management Llc, which manages about $585.57 million and $358.13M US Long portfolio, decreased its stake in Stryker Corp (NYSE:SYK) by 2,662 shares to 90,585 shares, valued at $12.87 million in 2017Q3, according to the filing. It also reduced its holding in Travelers Cos Inc/The (NYSE:TRV) by 39,145 shares in the quarter, leaving it with 42,381 shares, and cut its stake in Msci Inc (NYSE:MSCI).

Analysts await Citigroup Inc. (NYSE:C) to report earnings on January, 16 before the open. They expect $1.26 EPS, up 10.53% or $0.12 from last year’s $1.14 per share. C’s profit will be $3.33B for 15.06 P/E if the $1.26 EPS becomes a reality. After $1.42 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -11.27% negative EPS growth.

Since August 4, 2017, it had 0 insider purchases, and 2 insider sales for $3.05 million activity. WALSH JEFFREY R had sold 5,000 shares worth $344,870.

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Ulysses Mgmt Ltd holds 379,900 shares. Laurel Grove Ltd Liability Corporation stated it has 3,250 shares. Alabama-based Oakworth Capital Inc has invested 0.02% in Citigroup Inc. (NYSE:C). Academy Capital Tx stated it has 11.2% of its portfolio in Citigroup Inc. (NYSE:C). Pr Herzig And Company owns 21,425 shares. Sanctuary Wealth Advisors Limited Liability Corp owns 1,753 shares. Cadence Capital Management Limited Liability reported 34,067 shares. Elm Ridge Mgmt Limited Liability Company holds 5.14% of its portfolio in Citigroup Inc. (NYSE:C) for 167,745 shares. Heritage Investors Mngmt holds 1% or 212,580 shares. Community & reported 376,430 shares stake. Signaturefd Limited Liability Company holds 0.08% or 8,299 shares in its portfolio. Chou Assoc owns 210,000 shares or 5.34% of their US portfolio. Ftb Advsr has 18,544 shares. Glenmede Communications Na holds 85,545 shares. Sunbelt Securities Incorporated owns 7,499 shares.

Among 37 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 15 Hold. Therefore 51% are positive. Citigroup Inc. had 105 analyst reports since July 21, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Sunday, August 13 report. The stock of Citigroup Inc. (NYSE:C) earned “Outperform” rating by Macquarie Research on Friday, November 10. As per Monday, August 24, the company rating was upgraded by Vetr. The firm has “Buy” rating given on Friday, August 18 by RBC Capital Markets. The rating was maintained by Jefferies on Friday, July 7 with “Hold”. Oppenheimer maintained Citigroup Inc. (NYSE:C) rating on Tuesday, January 19. Oppenheimer has “Outperform” rating and $66.0 target. As per Monday, October 2, the company rating was maintained by Wells Fargo. The firm earned “Buy” rating on Tuesday, September 5 by Vertical Group. The firm earned “Sell” rating on Wednesday, January 11 by UBS. Credit Suisse maintained the stock with “Buy” rating in Monday, October 9 report.