Braun Stacey Associates Lifted Halliburton Co Com (HAL) Position by $3.54 Million; Horan Capital Management Lowered Its Stake in Citigroup (C) by $569,768 as Share Value Declined

June 19, 2018 - By Adrian Mccoy

Halliburton Company (NYSE:HAL) Logo

Horan Capital Management decreased its stake in Citigroup Inc (C) by 3.15% based on its latest 2018Q1 regulatory filing with the SEC. Horan Capital Management sold 8,504 shares as the company’s stock declined 11.86% with the market. The institutional investor held 261,626 shares of the major banks company at the end of 2018Q1, valued at $17.66M, down from 270,130 at the end of the previous reported quarter. Horan Capital Management who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $170.21B market cap company. The stock increased 0.62% or $0.41 during the last trading session, reaching $66.75. About 13.68M shares traded. Citigroup Inc. (NYSE:C) has risen 10.48% since June 19, 2017 and is uptrending. It has underperformed by 2.09% the S&P500. Some Historical C News: 03/05/2018 – Super Retail Target Lifted 2.3% to A$9/Share by Citi; 01/05/2018 – MUBADALA SAID TO PICK BOFA, CITI, MS, SANTANDER FOR CEPSA IPO; 27/04/2018 – Citi Community Development and Grounded Solutions Network Announce the Creation of the National Community Land Trust; 29/04/2018 – ResMed Target Price Lifted 1.5% to A$13.80/Share by Citi; 06/03/2018 – Citigroup Announces SGD 100 Million Redemption of 3.50% Fixed Rate / Floating Rate Subordinated Notes due April 2020 and Approximately CHF 182.1 Million Redemption of 2; 23/05/2018 – JPMorgan, Citi Lobby GOP Lawmakers to Relax Swap Rules–Update; 07/05/2018 – Citi Private Bank Hails Fernando Alonso’s Superb World Endurance Championship Debut Race Win; 05/04/2018 – Apple will give $100 billion more back to shareholders because of the tax cut: Citigroup; 08/05/2018 – APTIV PLC APTV.N : CITIGROUP RAISES TARGET PRICE TO $112 FROM $110; 24/04/2018 – CITIGROUP CHAIRMAN O’NEILL SAYS CONSIDERED OPTIONS INCLUDE HAVING CEO MIKE CORBAT ALSO BE CHAIRMAN

Braun Stacey Associates Inc increased its stake in Halliburton Co Com (HAL) by 43.91% based on its latest 2018Q1 regulatory filing with the SEC. Braun Stacey Associates Inc bought 77,031 shares as the company’s stock rose 4.06% while stock markets declined. The institutional investor held 252,476 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $11.85M, up from 175,445 at the end of the previous reported quarter. Braun Stacey Associates Inc who had been investing in Halliburton Co Com for a number of months, seems to be bullish on the $40.84B market cap company. The stock increased 0.04% or $0.02 during the last trading session, reaching $46.62. About 5.97 million shares traded. Halliburton Company (NYSE:HAL) has risen 10.53% since June 19, 2017 and is uptrending. It has underperformed by 2.04% the S&P500. Some Historical HAL News: 23/04/2018 – Halliburton takes hit in Venezuela; 03/04/2018 – Halliburton Locks Up Top Talent as Rivals ‘Aggressively’ Recruit; 22/04/2018 – DJ Halliburton Company, Inst Holders, 1Q 2018 (HAL); 27/03/2018 – HALLIBURTON: INTL ACTIVITY LOOKS TO BE UP ABOUT 5% IN 2018; 23/04/2018 – Halliburton 1Q North American Rev $3.52B; 23/04/2018 – HALLIBURTON CEO JEFF MILLER EXPECTS WAGE INFLATION AMID TIGHT LABOR MARKET, SAYS HIGHER PRICING NECESSARY FOR COST RECOVERY; 27/03/2018 – HALLIBURTON SEES FRACK MARKET REMAININING TIGHT THROUGH 2018; 10/05/2018 – Templeton Adds Goldcorp, Exits Halliburton, Cuts Amgen: 13F; 25/04/2018 – Hartford Dividend and Growth Adds Halliburton, Cuts Exxon; 23/04/2018 – HALLIBURTON 1Q ADJ EPS CONT OPS 41C, EST. 40C

Horan Capital Management, which manages about $446.88 million and $460.89M US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 4,063 shares to 277,741 shares, valued at $20.94M in 2018Q1, according to the filing. It also increased its holding in General Electric Co (NYSE:GE) by 383,412 shares in the quarter, for a total of 1.13 million shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Among 41 analysts covering Citigroup Inc. (NYSE:C), 24 have Buy rating, 2 Sell and 15 Hold. Therefore 59% are positive. Citigroup Inc. had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, October 16 by UBS. The stock of Citigroup Inc. (NYSE:C) has “Neutral” rating given on Wednesday, October 11 by Bank of America. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Credit Suisse on Monday, July 17. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Tuesday, January 2 by Barclays Capital. The stock has “Buy” rating by DZ Bank on Wednesday, February 7. The stock has “Neutral” rating by Macquarie Research on Friday, November 18. The firm has “Hold” rating given on Friday, October 6 by BMO Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 9. Macquarie Research maintained it with “Outperform” rating and $64 target in Monday, October 19 report. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to “Overweight”.

More important recent Citigroup Inc. (NYSE:C) news were published by: Bizjournals.com which released: “Citigroup pays $100M to settle rigged interest rate charges” on June 15, 2018, also Livetradingnews.com published article titled: “Citigroup Inc. (NYSE:C) Bears in Favor”, Bizjournals.com published: “What’s North Carolina’s piece of the $100M Citigroup settlement?” on June 18, 2018. More interesting news about Citigroup Inc. (NYSE:C) was released by: Seekingalpha.com and their article: “Citigroup Will Thrive Regardless Of Interest Rates” with publication date: June 08, 2018.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.56 earnings per share, up 22.83% or $0.29 from last year’s $1.27 per share. C’s profit will be $3.98 billion for 10.70 P/E if the $1.56 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Since February 27, 2018, it had 0 insider purchases, and 7 selling transactions for $5.91 million activity. On Tuesday, February 27 Gerspach John C sold $542,920 worth of Citigroup Inc. (NYSE:C) or 7,000 shares. Shares for $536,410 were sold by Callahan Don. Another trade for 6,466 shares valued at $500,666 was made by Forese James A. on Tuesday, February 27. MURRAY JOSEPH MICHAEL sold $263,126 worth of stock. 32,400 shares were sold by Fraser Jane Nind, worth $2.51 million.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.18, from 1.07 in 2017Q4. It turned negative, as 89 investors sold C shares while 499 reduced holdings. 114 funds opened positions while 412 raised stakes. 1.90 billion shares or 4.45% less from 1.99 billion shares in 2017Q4 were reported. Moreover, Benchmark Advisors has 1.57% invested in Citigroup Inc. (NYSE:C) for 29,470 shares. Lpl Fincl Ltd Llc reported 490,728 shares. West Chester Cap Advisors holds 4,770 shares or 0.36% of its portfolio. Meiji Yasuda Asset Mgmt holds 0.85% of its portfolio in Citigroup Inc. (NYSE:C) for 132,690 shares. 2,013 were accumulated by Twin Tree L P. Bsw Wealth Ptnrs invested 0.24% in Citigroup Inc. (NYSE:C). Moreover, Caprock Grp has 0.23% invested in Citigroup Inc. (NYSE:C). Investec Asset Mgmt Limited reported 8.35 million shares. Lenox Wealth Mgmt Incorporated reported 0.01% in Citigroup Inc. (NYSE:C). Blair William Il has 258,186 shares. Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.72% in Citigroup Inc. (NYSE:C). Jfs Wealth Advsrs Ltd Com accumulated 2,286 shares. Barclays Public Ltd reported 5.94M shares. Amica Retiree Medical reported 12,824 shares. Icm Asset Mngmt Wa reported 5,091 shares.

Among 42 analysts covering Halliburton Company (NYSE:HAL), 38 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Halliburton Company had 160 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 23. Jefferies maintained the shares of HAL in report on Wednesday, April 4 with “Buy” rating. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Thursday, October 22. Argus Research has “Buy” rating and $53 target. The stock of Halliburton Company (NYSE:HAL) has “Overweight” rating given on Thursday, October 20 by Morgan Stanley. As per Thursday, January 11, the company rating was maintained by Cowen & Co. The stock of Halliburton Company (NYSE:HAL) earned “Overweight” rating by Barclays Capital on Thursday, October 20. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 13. JP Morgan maintained Halliburton Company (NYSE:HAL) on Tuesday, September 12 with “Overweight” rating. Morgan Stanley maintained it with “Overweight” rating and $52 target in Tuesday, April 19 report. On Tuesday, January 23 the stock rating was maintained by Bernstein with “Buy”.

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.14, from 1.15 in 2017Q4. It worsened, as 52 investors sold HAL shares while 306 reduced holdings. 96 funds opened positions while 265 raised stakes. 671.63 million shares or 0.57% less from 675.47 million shares in 2017Q4 were reported. 54,842 are owned by Alexandria Capital Ltd Liability. Livforsakringsbolaget Skandia Omsesidigt holds 0.06% of its portfolio in Halliburton Company (NYSE:HAL) for 13,212 shares. Altfest L J Company Inc holds 0.53% in Halliburton Company (NYSE:HAL) or 25,941 shares. Allsquare Wealth Management Ltd Company reported 0.03% stake. Armstrong Shaw Assoc Ct holds 56,802 shares. Bluecrest Cap Mgmt accumulated 216,621 shares or 0.32% of the stock. 6.63M are held by Causeway Cap Management Ltd Liability Com. Manufacturers Life The reported 1.37M shares stake. Prudential Financial has 0.13% invested in Halliburton Company (NYSE:HAL) for 1.81 million shares. Thornburg Inv Management owns 5.20M shares. Great West Life Assurance Can holds 0.1% of its portfolio in Halliburton Company (NYSE:HAL) for 867,552 shares. Weatherly Asset Mngmt Limited Partnership owns 93,914 shares for 1.05% of their portfolio. Century Cos has invested 0.27% in Halliburton Company (NYSE:HAL). 28,441 are owned by Amica Mutual Ins. Smithfield Tru accumulated 11,702 shares or 0.07% of the stock.

Since January 2, 2018, it had 0 insider buys, and 10 sales for $8.39 million activity. Carre Eric also sold $1.58M worth of Halliburton Company (NYSE:HAL) shares. Beaty Anne L. had sold 2,937 shares worth $151,459 on Friday, January 5. $2.16 million worth of Halliburton Company (NYSE:HAL) shares were sold by Voyles Robb L.. Miller Jeffrey Allen sold $1.60M worth of stock. $713,475 worth of Halliburton Company (NYSE:HAL) was sold by Brown James S.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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