Amalgamated Bank Decreased Its Position in Cit Group (CIT) by $310,905 as Valuation Rose; Hm Payson & Company Has Raised Its Stake in Exxon Mobil (XOM) by $514,188

January 15, 2018 - By Richard Conner

Amalgamated Bank decreased its stake in Cit Group Inc (CIT) by 32.19% based on its latest 2017Q3 regulatory filing with the SEC. Amalgamated Bank sold 6,345 shares as the company’s stock rose 7.62% with the market. The institutional investor held 13,366 shares of the consumer services company at the end of 2017Q3, valued at $656,000, down from 19,711 at the end of the previous reported quarter. Amalgamated Bank who had been investing in Cit Group Inc for a number of months, seems to be less bullish one the $6.98 billion market cap company. The stock increased 1.12% or $0.59 during the last trading session, reaching $53.21. About 734,147 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since January 15, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

Hm Payson & Company increased its stake in Exxon Mobil Corp (XOM) by 0.72% based on its latest 2017Q3 regulatory filing with the SEC. Hm Payson & Company bought 6,348 shares as the company’s stock rose 0.21% with the market. The institutional investor held 893,572 shares of the integrated oil company at the end of 2017Q3, valued at $73.26M, up from 887,224 at the end of the previous reported quarter. Hm Payson & Company who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $370.83 billion market cap company. The stock increased 0.68% or $0.59 during the last trading session, reaching $87.52. About 9.83 million shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since January 15, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Since August 11, 2017, it had 0 insider buys, and 2 sales for $162,688 activity. On Friday, August 11 the insider HUDAK JAMES L sold $96,988.

Amalgamated Bank, which manages about $3.21 billion US Long portfolio, upped its stake in Mastercard Inc (NYSE:MA) by 2,385 shares to 113,531 shares, valued at $16.03M in 2017Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 6,335 shares in the quarter, for a total of 282,231 shares, and has risen its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.67, from 0.34 in 2017Q2. It improved, as 23 investors sold CIT shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. 15,200 were accumulated by Kenmare Cap Prns Ltd Liability Company. Frontier Capital Management Comm Lc owns 1,205 shares. Bancshares Of America Corporation De holds 0.01% in CIT Group Inc. (NYSE:CIT) or 762,998 shares. Jane Street Grp Inc Ltd has 0.01% invested in CIT Group Inc. (NYSE:CIT). 5,817 were accumulated by American Intll Gru. Daiwa Secs invested in 4,200 shares. Fny Managed Accounts Ltd invested in 564 shares. Advisory Net Ltd Liability Co reported 0% in CIT Group Inc. (NYSE:CIT). Oak Assoc Ltd Oh stated it has 1.44% in CIT Group Inc. (NYSE:CIT). Employees Retirement Association Of Colorado owns 25,263 shares or 0.01% of their US portfolio. 16,628 were reported by Kemnay Advisory Inc. Lakewood Management LP accumulated 7.6% or 4.29 million shares. New York-based Alliancebernstein Lp has invested 0% in CIT Group Inc. (NYSE:CIT). First Pacific Advsrs Limited Co stated it has 10.79M shares. Voya Inv Limited Liability Com invested in 0% or 37,836 shares.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. CIT Group had 57 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of CIT Group Inc. (NYSE:CIT) has “Neutral” rating given on Monday, August 15 by Credit Suisse. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, August 28. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, July 27. The firm has “Hold” rating given on Thursday, January 21 by Deutsche Bank. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, February 3. Morgan Stanley maintained the shares of CIT in report on Monday, September 18 with “Equal-Weight” rating. The firm earned “Hold” rating on Friday, December 1 by Wells Fargo. The firm has “Buy” rating by BTIG Research given on Tuesday, July 25. Keefe Bruyette & Woods maintained CIT Group Inc. (NYSE:CIT) rating on Tuesday, December 12. Keefe Bruyette & Woods has “Hold” rating and $47.0 target. Barclays Capital maintained it with “Equal-Weight” rating and $44 target in Wednesday, October 25 report.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on January, 30. They expect $0.82 earnings per share, up 38.98% or $0.23 from last year’s $0.59 per share. CIT’s profit will be $107.63 million for 16.22 P/E if the $0.82 EPS becomes a reality. After $1.02 actual earnings per share reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

Investors sentiment is 0.85 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 57 investors sold XOM shares while 806 reduced holdings. only 114 funds opened positions while 621 raised stakes. 2.13 billion shares or 0.48% more from 2.12 billion shares in 2017Q2 were reported. 778,521 are held by Utah Retirement. 38,216 are held by Bourgeon Capital Mngmt Limited Liability. Moreover, Brown Advisory Incorporated has 0.73% invested in Exxon Mobil Corporation (NYSE:XOM) for 2.70M shares. Checchi Cap Advisers Lc reported 0.24% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Great West Life Assurance Comm Can reported 4.99 million shares. Truepoint Inc holds 0.04% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 446,713 shares. Longer Incorporated has 26,257 shares. Swiss Bankshares holds 1.54% in Exxon Mobil Corporation (NYSE:XOM) or 16.50M shares. The Maryland-based Wms Ptnrs Limited Liability Company has invested 1.51% in Exxon Mobil Corporation (NYSE:XOM). First Financial Corporation In reported 34,592 shares. 64,376 are owned by Btr Mgmt. Sather Financial Grp invested in 52,110 shares. Next stated it has 38,212 shares or 0.88% of all its holdings. Polaris Greystone Fin Group Incorporated Ltd Liability Corporation owns 3,528 shares. Moreover, Lyons Wealth Mngmt Limited Liability Corporation has 1.73% invested in Exxon Mobil Corporation (NYSE:XOM) for 14,095 shares.

Hm Payson & Company, which manages about $2.21B and $2.33 billion US Long portfolio, decreased its stake in Vanguard Dividend Apprec Idx Etf (VIG) by 49,815 shares to 185,955 shares, valued at $17.63 million in 2017Q3, according to the filing. It also reduced its holding in Polaris Industries Inc (NYSE:PII) by 3,177 shares in the quarter, leaving it with 89,717 shares, and cut its stake in Wells Fargo & Company (NYSE:WFC).

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 10 have Buy rating, 6 Sell and 10 Hold. Therefore 38% are positive. Exxon Mobil had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by Hilliard Lyons on Wednesday, June 7 with “Long-Term Buy”. The stock has “Hold” rating by BMO Capital Markets on Monday, June 26. On Wednesday, October 18 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Neutral” rating given on Monday, May 2 by UBS. The stock has “Hold” rating by Credit Suisse on Monday, December 11. The rating was initiated by Nomura with “Reduce” on Friday, March 18. RBC Capital Markets maintained it with “Hold” rating and $90.0 target in Tuesday, August 29 report. The rating was downgraded by UBS on Thursday, January 19 to “Sell”. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 6. Bank of America upgraded the stock to “Buy” rating in Thursday, May 11 report.

Since August 4, 2017, it had 0 insider buys, and 6 selling transactions for $5.32 million activity. REINEMUND STEVEN sold $88,253 worth of stock or 1,100 shares. 12,000 shares valued at $996,628 were sold by Chapman Neil A on Thursday, December 14. Another trade for 7,281 shares valued at $606,082 was made by Milton Bryan W on Tuesday, December 12. Corson Bradley W sold $1.62M worth of Exxon Mobil Corporation (NYSE:XOM) on Monday, December 11. Wascom Dennis G sold 2,412 shares worth $200,293.

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