First Manhattan Company Holds Holding in Citigroup (C); As Home Depot Com (HD) Shares Rose, Bridges Investment Management Has Increased Stake

December 23, 2017 - By Winifred Garcia

First Manhattan Company increased its stake in Citigroup Inc (C) by 3.78% based on its latest 2017Q3 regulatory filing with the SEC. First Manhattan Company bought 34,278 shares as the company’s stock rose 1.55% with the market. The hedge fund held 942,295 shares of the major banks company at the end of 2017Q3, valued at $68.54M, up from 908,017 at the end of the previous reported quarter. First Manhattan Company who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $199.60 billion market cap company. The stock decreased 0.44% or $0.33 during the last trading session, reaching $75.49. About 12.01 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since December 23, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Bridges Investment Management Inc increased its stake in Home Depot Inc Com (HD) by 4.13% based on its latest 2017Q3 regulatory filing with the SEC. Bridges Investment Management Inc bought 1,869 shares as the company’s stock rose 9.30% with the market. The institutional investor held 47,158 shares of the consumer services company at the end of 2017Q3, valued at $7.71 million, up from 45,289 at the end of the previous reported quarter. Bridges Investment Management Inc who had been investing in Home Depot Inc Com for a number of months, seems to be bullish on the $219.69 billion market cap company. The stock increased 0.03% or $0.05 during the last trading session, reaching $188.13. About 3.26M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since December 23, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.

Investors sentiment increased to 1.35 in Q3 2017. 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. Commonwealth Equity reported 0.1% stake. Gamco Invsts Et Al reported 0.19% stake. Whittier invested in 199,947 shares or 0.53% of the stock. Bridgeway Capital Mgmt stated it has 1% in Citigroup Inc. (NYSE:C). Richard Bernstein Advisors Llc holds 124,674 shares or 0.63% of its portfolio. Scott & Selber reported 39,056 shares. Alliancebernstein Lp holds 0.56% or 10.20M shares. Silver Cap Mngmt Limited Liability Corp holds 6,200 shares. Locust Wood Cap Advisers Lc reported 3.1% stake. Northern Capital Mngmt Ltd Liability holds 68,755 shares or 1.54% of its portfolio. Guyasuta Advsr Inc invested in 0.08% or 9,625 shares. 12,769 are held by Vnbtrust Association. Pinebridge Investments Lp has 1.30M shares. Alps Advsr invested 0% in Citigroup Inc. (NYSE:C). Kings Point Capital Mngmt has 0.01% invested in Citigroup Inc. (NYSE:C).

Since August 4, 2017, it had 0 insider buys, and 2 insider sales for $3.05 million activity. 40,000 shares valued at $2.70M were sold by Aristeguieta Francisco on Thursday, August 10.

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. The rating was maintained by Morgan Stanley with “Overweight” on Friday, October 13. On Wednesday, April 5 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. On Monday, September 18 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of Citigroup Inc. (NYSE:C) earned “Neutral” rating by Macquarie Research on Friday, November 18. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Thursday, August 6 by Vetr. RBC Capital Markets maintained Citigroup Inc. (NYSE:C) on Tuesday, January 19 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, August 10 by Wells Fargo. Keefe Bruyette & Woods maintained it with “Outperform” rating and $51 target in Tuesday, January 19 report. On Tuesday, January 10 the stock rating was downgraded by Standpoint Research to “Hold”. CLSA maintained the stock with “Buy” rating in Friday, September 23 report.

First Manhattan Company, which manages about $20.51B and $17.46 billion US Long portfolio, decreased its stake in Old Rep Intl Corp (NYSE:ORI) by 110,923 shares to 2.95M shares, valued at $58.07 million in 2017Q3, according to the filing. It also reduced its holding in Anheuser Busch Inbev (NYSE:BUD) by 28,110 shares in the quarter, leaving it with 1.80 million shares, and cut its stake in Trimas Corp (NASDAQ:TRS).

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.19, from 0.95 in 2017Q2. It improved, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. 1,980 were accumulated by Camelot Portfolios Ltd Liability Co. Ibm Retirement Fund invested 0.98% in The Home Depot, Inc. (NYSE:HD). Patriot Wealth invested in 1.59% or 60,021 shares. Amica Retiree Med Tru reported 7,480 shares stake. Td Asset owns 2.64M shares. Thompson Davis & reported 462 shares. Goelzer Inv Mgmt holds 0.03% or 1,752 shares in its portfolio. Nichols Pratt Advisers Limited Liability Partnership Ma holds 3,639 shares or 0.05% of its portfolio. Aperio Gru Ltd Liability Com invested in 0.74% or 804,693 shares. Jefferies invested in 0% or 598 shares. Moreover, Arbor Limited Liability Com has 0.18% invested in The Home Depot, Inc. (NYSE:HD) for 2,304 shares. Ig Limited stated it has 0.02% of its portfolio in The Home Depot, Inc. (NYSE:HD). Ironwood Investment Counsel Limited Liability Company stated it has 17,980 shares or 1.19% of all its holdings. 89,159 are owned by Investec Asset Mngmt Limited. Cypress Capital Grp holds 0.81% in The Home Depot, Inc. (NYSE:HD) or 23,112 shares.

Since August 16, 2017, it had 0 buys, and 5 sales for $18.46 million activity. Roseborough Teresa Wynn also sold $1.97M worth of The Home Depot, Inc. (NYSE:HD) shares. Campbell Ann Marie also sold $1.63M worth of The Home Depot, Inc. (NYSE:HD) on Wednesday, August 16.