Covenant Multifamily Offices Raised Its Metlife Com (MET) Stake by $371,790; Oarsman Capital Has Lowered Citigroup (C) Position as Shares Rose

February 23, 2018 - By Henry Gaston

Oarsman Capital Inc decreased its stake in Citigroup Inc. (C) by 13.07% based on its latest 2017Q3 regulatory filing with the SEC. Oarsman Capital Inc sold 10,396 shares as the company’s stock rose 1.55% with the market. The institutional investor held 69,118 shares of the major banks company at the end of 2017Q3, valued at $5.03M, down from 79,514 at the end of the previous reported quarter. Oarsman Capital Inc who had been investing in Citigroup Inc. for a number of months, seems to be less bullish one the $196.37B market cap company. The stock increased 0.19% or $0.145 during the last trading session, reaching $76.415. About 2.37M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 23, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Covenant Multifamily Offices Llc increased its stake in Metlife Inc Com (MET) by 12.37% based on its latest 2017Q3 regulatory filing with the SEC. Covenant Multifamily Offices Llc bought 7,290 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 66,240 shares of the finance company at the end of 2017Q3, valued at $3.44 million, up from 58,950 at the end of the previous reported quarter. Covenant Multifamily Offices Llc who had been investing in Metlife Inc Com for a number of months, seems to be bullish on the $48.92B market cap company. The stock increased 0.59% or $0.2743 during the last trading session, reaching $46.9043. About 648,712 shares traded. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 23, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.




Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 49 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. The company was maintained on Monday, July 10 by Wells Fargo. The firm earned “Buy” rating on Monday, June 27 by Sandler O’Neill. The firm earned “Hold” rating on Monday, July 24 by J.P. Morgan. The firm earned “Buy” rating on Friday, August 4 by RBC Capital Markets. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup. FBR Capital maintained MetLife, Inc. (NYSE:MET) on Monday, August 29 with “Outperform” rating. The rating was maintained by Argus Research with “Buy” on Monday, November 6. Raymond James upgraded the shares of MET in report on Friday, January 22 to “Strong Buy” rating.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It worsened, as 61 investors sold MET shares while 336 reduced holdings. 65 funds opened positions while 289 raised stakes. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. 18,483 are held by Bradley Foster & Sargent Ct. Regent Inv Limited Liability Com invested in 20,181 shares. Korea Invest holds 0.21% in MetLife, Inc. (NYSE:MET) or 858,812 shares. State Treasurer State Of Michigan holds 0.14% or 322,485 shares in its portfolio. Sandy Spring Commercial Bank, a Maryland-based fund reported 399 shares. Rafferty Asset Mgmt Limited Company invested in 0.18% or 151,330 shares. Leuthold Group Ltd Liability reported 80,947 shares. Orrstown invested in 38 shares. Glg reported 0.16% of its portfolio in MetLife, Inc. (NYSE:MET). Menora Mivtachim Holding Limited stated it has 0.79% in MetLife, Inc. (NYSE:MET). Regions Financial Corp owns 750,250 shares or 0.44% of their US portfolio. 712,147 were accumulated by Carlson Cap Ltd Partnership. Gofen Glossberg Llc Il invested in 0.71% or 370,440 shares. Wg Shaheen And Associates Dba Whitney And reported 31,600 shares or 0.58% of all its holdings. Duncker Streett Incorporated holds 12,817 shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Citigroup Inc. (NYSE:C) earned “Underperform” rating by Iberia Capital Partners on Monday, September 21. Keefe Bruyette & Woods downgraded the shares of C in report on Tuesday, January 16 to “Hold” rating. The firm earned “Hold” rating on Thursday, August 6 by Vetr. Credit Suisse upgraded Citigroup Inc. (NYSE:C) on Monday, September 28 to “Outperform” rating. As per Tuesday, January 19, the company rating was maintained by Keefe Bruyette & Woods. Barclays Capital maintained it with “Buy” rating and $93.0 target in Tuesday, January 2 report. The stock of Citigroup Inc. (NYSE:C) earned “Perform” rating by Oppenheimer on Tuesday, January 5. Oppenheimer maintained Citigroup Inc. (NYSE:C) rating on Tuesday, October 6. Oppenheimer has “Outperform” rating and $70 target. As per Friday, September 16, the company rating was downgraded by Goldman Sachs. The firm earned “Buy” rating on Wednesday, February 7 by DZ Bank.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on April, 12. They expect $1.61 EPS, up 18.38% or $0.25 from last year’s $1.36 per share. C’s profit will be $4.14 billion for 11.87 P/E if the $1.61 EPS becomes a reality. After $1.28 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 25.78% EPS growth.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It increased, 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. 1832 Asset Mgmt Lp accumulated 1.71M shares or 0.42% of the stock. Moreover, Nwq Mngmt Ltd Llc has 1.98% invested in Citigroup Inc. (NYSE:C) for 2.22M shares. Sit Inv Associate Incorporated owns 6,581 shares. Benchmark Capital Advsrs invested 1.71% of its portfolio in Citigroup Inc. (NYSE:C). Pzena Inv Mgmt Ltd Llc has 8.32 million shares for 3.2% of their portfolio. Moreover, Pennsylvania Trust has 0.45% invested in Citigroup Inc. (NYSE:C). 305,742 are owned by Teachers Retirement Sys Of The State Of Kentucky. Sanders Capital Ltd Liability Corporation owns 12.49M shares. Cipher Cap Limited Partnership owns 123,330 shares or 0.68% of their US portfolio. King Luther Mngmt invested 0.13% of its portfolio in Citigroup Inc. (NYSE:C). Pictet North America Advsr Sa has 1% invested in Citigroup Inc. (NYSE:C) for 86,909 shares. Winch Advisory Service Limited Liability Corp invested 0.04% of its portfolio in Citigroup Inc. (NYSE:C). Heritage Investors Management holds 1% of its portfolio in Citigroup Inc. (NYSE:C) for 212,580 shares. Janney Montgomery Scott Ltd accumulated 225,512 shares or 0.19% of the stock. Lockheed Martin Investment Mgmt holds 0.27% in Citigroup Inc. (NYSE:C) or 70,200 shares.

Oarsman Capital Inc, which manages about $244.14 million and $236.57 million US Long portfolio, upped its stake in Vanguard Ftse Developed Market (VEA) by 17,669 shares to 117,393 shares, valued at $5.10M in 2017Q3, according to the filing. It also increased its holding in Range Resources (NYSE:RRC) by 68,845 shares in the quarter, for a total of 198,535 shares, and has risen its stake in Ishares Barclays Tips Bond Fun (TIP).

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