As Citigroup (C) Stock Rose, Strategic Advisors Has Increased by $399,234 Its Stake; Franklin Street Advisors Has Cut Its Royal Bank Of Canada (RY) Position by $913,608; Share Value Declined

November 15, 2017 - By wolcottdaily

Strategic Advisors Llc increased its stake in Citigroup Inc (C) by 27.69% based on its latest 2017Q2 regulatory filing with the SEC. Strategic Advisors Llc bought 6,049 shares as the company’s stock rose 1.55% with the market. The institutional investor held 27,891 shares of the major banks company at the end of 2017Q2, valued at $1.87M, up from 21,842 at the end of the previous reported quarter. Strategic Advisors Llc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $189.13 billion market cap company. The stock decreased 0.58% or $0.42 during the last trading session, reaching $71.53. About 5,697 shares traded. Citigroup Inc (NYSE:C) has risen 35.60% since November 15, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Franklin Street Advisors Inc decreased its stake in Royal Bank Of Canada (RY) by 11.02% based on its latest 2017Q2 regulatory filing with the SEC. Franklin Street Advisors Inc sold 12,689 shares as the company’s stock declined 9.02% while stock markets rallied. The hedge fund held 102,461 shares of the commercial banks company at the end of 2017Q2, valued at $7.43 million, down from 115,150 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in Royal Bank Of Canada for a number of months, seems to be less bullish one the $114.98B market cap company. The stock decreased 0.11% or $0.09 on November 14, reaching $78.45. About shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since November 15, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.




Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on November, 29 before the open. They expect $1.52 earnings per share, up 16.92% or $0.22 from last year’s $1.3 per share. RY’s profit will be $2.23 billion for 12.90 P/E if the $1.52 EPS becomes a reality. After $1.41 actual earnings per share reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts 7.80% EPS growth.

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 25 by Argus Research. TD Securities upgraded Royal Bank of Canada (NYSE:RY) on Monday, November 21 to “Buy” rating. The stock has “Hold” rating by Zacks on Saturday, August 22. Keefe Bruyette & Woods upgraded Royal Bank of Canada (NYSE:RY) on Monday, February 27 to “Mkt Perform” rating. The stock of Royal Bank of Canada (NYSE:RY) has “Buy” rating given on Monday, August 15 by Citigroup. The firm has “Buy” rating given on Thursday, August 27 by Bank of America. The stock has “Buy” rating by Argus Research on Monday, December 12. The rating was maintained by Citigroup on Wednesday, September 14 with “Buy”. The stock of Royal Bank of Canada (NYSE:RY) earned “Buy” rating by Argus Research on Friday, July 1. The stock has “Hold” rating by TD Securities on Monday, April 3.

Franklin Street Advisors Inc, which manages about $2.06B and $584.83 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 32,715 shares to 133,864 shares, valued at $7.81M in 2017Q2, according to the filing. It also increased its holding in Facebook (NASDAQ:FB) by 3,038 shares in the quarter, for a total of 69,200 shares, and has risen its stake in Cisco Sys Inc Com (NASDAQ:CSCO).

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Investorplace.com which released: “Royal Bank of Canada’s (RY) Solid Earnings Visibility Make it a Buy” on November 14, 2017, also Business.Financialpost.com with their article: “Royal Bank of Canada shares join the $100 club, despite splitting four times” published on October 18, 2017, Reuters.com published: “MOVES-Eaton Vance, Royal Bank of Canada” on October 26, 2017. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Cnbc.com and their article: “Bitcoin ‘doesn’t solve a main need in society right now,’ says Royal Bank of …” published on October 23, 2017 as well as Nasdaq.com‘s news article titled: “Royal Bank of Canada Named Top 25 Dividend Stock With 3.60% Yield (RY)” with publication date: November 08, 2017.

Among 37 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 15 Hold. Therefore 51% are positive. Citigroup Inc. had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Citigroup Inc (NYSE:C) earned “Neutral” rating by Susquehanna on Tuesday, October 6. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The firm has “Outperform” rating given on Tuesday, January 19 by RBC Capital Markets. Bank of America downgraded the stock to “Neutral” rating in Wednesday, October 11 report. As per Wednesday, September 27, the company rating was downgraded by Raymond James. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Wednesday, April 5. The firm has “Outperform” rating given on Friday, October 16 by Oppenheimer. The rating was upgraded by Macquarie Research to “Outperform” on Friday, November 10. The company was upgraded on Wednesday, December 21 by Atlantic Securities. As per Friday, November 18, the company rating was downgraded by Macquarie Research.

More notable recent Citigroup Inc (NYSE:C) news were published by: Seekingalpha.com which released: “Citigroup: It Can Rise To $80” on October 30, 2017, also Investorplace.com with their article: “3 Big Stock Charts for Friday: Bank of America Corp, Citigroup Inc and …” published on November 10, 2017, Nasdaq.com published: “Davis Capital Partners, Llc Buys Signature Bank, Citigroup Inc, People’s Utah …” on November 14, 2017. More interesting news about Citigroup Inc (NYSE:C) were released by: Seekingalpha.com and their article: “Citigroup: The Risks Are Growing” published on October 27, 2017 as well as Bloomberg.com‘s news article titled: “Citigroup Faces Saudi Setback as Billionaire Backer Arrested” with publication date: November 06, 2017.

Strategic Advisors Llc, which manages about $218.80M US Long portfolio, decreased its stake in Schwab Strategic Tr (SCHB) by 7,829 shares to 210,803 shares, valued at $12.32 million in 2017Q2, according to the filing.

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