Bank Of Nova Scotia Trust Company Has Cut Citigroup (C) Stake; Sun Life Financial Raised Its Phillips 66 (PSX) Holding

April 22, 2018 - By Ellis Scott

Citigroup Inc. (NYSE:C) Logo

Sun Life Financial Inc increased Phillips 66 (PSX) stake by 105.23% reported in 2017Q4 SEC filing. Sun Life Financial Inc acquired 7,409 shares as Phillips 66 (PSX)’s stock declined 5.13%. The Sun Life Financial Inc holds 14,450 shares with $1.46M value, up from 7,041 last quarter. Phillips 66 now has $51.76B valuation. The stock increased 0.32% or $0.35 during the last trading session, reaching $110.99. About 3.16 million shares traded or 35.26% up from the average. Phillips 66 (NYSE:PSX) has risen 23.90% since April 22, 2017 and is uptrending. It has outperformed by 12.35% the S&P500.

Bank Of Nova Scotia Trust Company decreased Citigroup Inc (C) stake by 24.75% reported in 2017Q4 SEC filing. Bank Of Nova Scotia Trust Company sold 4,705 shares as Citigroup Inc (C)’s stock declined 9.55%. The Bank Of Nova Scotia Trust Company holds 14,306 shares with $1.07M value, down from 19,011 last quarter. Citigroup Inc now has $179.22 billion valuation. The stock decreased 0.40% or $0.28 during the last trading session, reaching $70. About 17.63 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 22, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Sun Life Financial Inc decreased Colgate (NYSE:CL) stake by 4,570 shares to 9,701 valued at $732,000 in 2017Q4. It also reduced Pnc Financial Services Group Inc (NYSE:PNC) stake by 2,485 shares and now owns 1,045 shares. Celgene Corp (NASDAQ:CELG) was reduced too.

Investors sentiment increased to 1.01 in Q4 2017. Its up 0.09, from 0.92 in 2017Q3. It increased, as 34 investors sold PSX shares while 372 reduced holdings. 125 funds opened positions while 284 raised stakes. 351.44 million shares or 0.51% less from 353.24 million shares in 2017Q3 were reported. Tdam Usa accumulated 8,785 shares. Vestor Capital Ltd Liability Corp has 44,564 shares. Cranbrook Wealth Limited Liability Co, a Michigan-based fund reported 129 shares. 2,164 were accumulated by Guardian Capital Advisors Limited Partnership. Clifford Swan Investment Counsel Limited Co has invested 0.13% in Phillips 66 (NYSE:PSX). Utd Automobile Association reported 537,341 shares. Moreover, Exxonmobil Investment Management Tx has 0.19% invested in Phillips 66 (NYSE:PSX). Toth Fincl Advisory holds 0.02% or 672 shares in its portfolio. Srb has invested 0.03% in Phillips 66 (NYSE:PSX). Balyasny Asset Mngmt Ltd Llc holds 0% or 5,263 shares in its portfolio. The Massachusetts-based Grantham Mayo Van Otterloo And Limited Liability Com has invested 0.04% in Phillips 66 (NYSE:PSX). Logan Cap Inc, a Pennsylvania-based fund reported 16,091 shares. Caisse De Depot Et Placement Du Quebec holds 45,343 shares. Cypress Capital Mgmt Ltd holds 0.24% or 12,562 shares. Crestpoint Mgmt Ltd Llc owns 12,200 shares for 0.68% of their portfolio.

Among 19 analysts covering Phillips 66 (NYSE:PSX), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. Phillips 66 had 76 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Phillips 66 (NYSE:PSX) earned “Buy” rating by Piper Jaffray on Monday, November 13. The stock of Phillips 66 (NYSE:PSX) has “Buy” rating given on Monday, February 6 by Mizuho. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 13. RBC Capital Markets maintained Phillips 66 (NYSE:PSX) on Wednesday, October 18 with “Hold” rating. Scotia Capital maintained it with “Buy” rating and $107.0 target in Thursday, December 21 report. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, August 1 report. Barclays Capital downgraded the shares of PSX in report on Wednesday, July 13 to “Equal-Weight” rating. The stock has “Buy” rating by Scotia Capital on Wednesday, January 10. The rating was maintained by Cowen & Co with “Buy” on Friday, July 7. The firm earned “Hold” rating on Thursday, September 14 by RBC Capital Markets.

Since December 15, 2017, it had 0 buys, and 1 insider sale for $270,675 activity. $270,675 worth of stock was sold by Oyolu Chukwuemeka A. on Friday, December 15.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.58 EPS, up 24.41% or $0.31 from last year’s $1.27 per share. C’s profit will be $4.05 billion for 11.08 P/E if the $1.58 EPS becomes a reality. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, September 25. Oppenheimer maintained Citigroup Inc. (NYSE:C) rating on Tuesday, January 19. Oppenheimer has “Outperform” rating and $66.0 target. Oppenheimer maintained the shares of C in report on Friday, October 16 with “Outperform” rating. Jefferies maintained the shares of C in report on Tuesday, June 6 with “Hold” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, August 13. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, October 6. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Tuesday, January 19 report. The company was maintained on Friday, October 6 by BMO Capital Markets. The firm has “Buy” rating by Wells Fargo given on Monday, October 2. The stock of Citigroup Inc. (NYSE:C) has “Market Perform” rating given on Monday, April 18 by Wood.

Since February 27, 2018, it had 0 insider purchases, and 6 insider sales for $4.97 million activity. Shares for $611,804 were sold by Hu W. Bradford on Tuesday, February 27. Gerspach John C sold 7,000 shares worth $542,920. Shares for $500,666 were sold by Forese James A.. Another trade for 7,000 shares valued at $536,410 was made by Callahan Don on Wednesday, February 28. $263,126 worth of Citigroup Inc. (NYSE:C) was sold by MURRAY JOSEPH MICHAEL. Fraser Jane Nind also sold $2.51 million worth of Citigroup Inc. (NYSE:C) shares.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It dropped, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Lehman Fincl Resource Incorporated reported 5,860 shares. Security Trust reported 1,505 shares stake. Hbk Sorce Advisory Limited invested 0.07% of its portfolio in Citigroup Inc. (NYSE:C). C World Wide Grp Inc Holdg A S reported 6.74 million shares. Greenwood Assocs Ltd Limited Liability Company holds 59,486 shares or 1.03% of its portfolio. Bank Hapoalim Bm has 52,956 shares for 0.86% of their portfolio. Clarivest Asset Management Limited Liability Corporation invested 0.01% in Citigroup Inc. (NYSE:C). Silver Capital Mgmt Lc invested in 1.66% or 6,200 shares. Apg Asset Mgmt Nv owns 8.10M shares for 0.92% of their portfolio. Cadence Capital Mngmt Ltd Liability Corp holds 0.16% or 34,387 shares. First Foundation reported 6,107 shares or 0.02% of all its holdings. Moreover, Portland Inv Counsel has 0.78% invested in Citigroup Inc. (NYSE:C). Foundry Ptnrs Limited Company has 474,365 shares. Lodestar Inv Counsel Limited Liability Corporation Il owns 6,030 shares. Laurel Grove Ltd Liability Corporation has 34,400 shares.

Bank Of Nova Scotia Trust Company increased O Reilly Automotive Inc New (NASDAQ:ORLY) stake by 2,266 shares to 6,247 valued at $1.50M in 2017Q4. It also upped Pembina Pipeline Corp (NYSE:PBA) stake by 140,170 shares and now owns 526,917 shares. Shaw Communications Inc (NYSE:SJR) was raised too.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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