Albany International Corp. (AIN) Is At $64.55 Formed Wedge; Utah Retirement Systems Trimmed Citigroup (C) Position By $592,000

April 5, 2018 - By Shannon Black

Citigroup Inc. (NYSE:C) Logo

Albany International Corp. (AIN) formed wedge up with $69.71 target or 8.00% above today’s $64.55 share price. Albany International Corp. (AIN) has $2.08B valuation. The stock increased 1.73% or $1.1 during the last trading session, reaching $64.55. About 21,705 shares traded. Albany International Corp. (NYSE:AIN) has risen 40.79% since April 5, 2017 and is uptrending. It has outperformed by 29.24% the S&P500.

Utah Retirement Systems decreased Citigroup Inc (C) stake by 1.6% reported in 2017Q4 SEC filing. Utah Retirement Systems sold 8,000 shares as Citigroup Inc (C)’s stock declined 9.55%. The Utah Retirement Systems holds 492,524 shares with $36.65M value, down from 500,524 last quarter. Citigroup Inc now has $180.27B valuation. The stock increased 1.59% or $1.1 during the last trading session, reaching $70.41. About 9.11M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 5, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Since February 27, 2018, it had 0 insider buys, and 6 sales for $4.97 million activity. $263,126 worth of Citigroup Inc. (NYSE:C) shares were sold by MURRAY JOSEPH MICHAEL. Gerspach John C sold $542,920 worth of stock or 7,000 shares. 8,010 shares were sold by Hu W. Bradford, worth $611,804 on Tuesday, February 27. 6,466 shares were sold by Forese James A., worth $500,666. Callahan Don sold $536,410 worth of stock or 7,000 shares. Shares for $2.51 million were sold by Fraser Jane Nind on Tuesday, February 27.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 20 have Buy rating, 3 Sell and 17 Hold. Therefore 50% are positive. Citigroup Inc. had 118 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, January 17 the stock rating was maintained by Wells Fargo with “Buy”. The firm has “Buy” rating given on Monday, October 10 by Jefferies. The rating was upgraded by Citigroup on Friday, December 11 to “Buy”. The stock of Citigroup Inc. (NYSE:C) earned “Neutral” rating by Bank of America on Wednesday, October 11. The firm earned “Hold” rating on Wednesday, January 17 by Vertical Group. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, June 7. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Wednesday, April 5. RBC Capital Markets maintained the shares of C in report on Thursday, June 22 with “Buy” rating. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was maintained by RBC Capital Markets on Friday, August 18 with “Buy”.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on April, 12. They expect $1.62 EPS, up 19.12% or $0.26 from last year’s $1.36 per share. C’s profit will be $4.15B for 10.87 P/E if the $1.62 EPS becomes a reality. After $1.28 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Utah Retirement Systems increased Microsoft Corp (NASDAQ:MSFT) stake by 19,000 shares to 1.40 million valued at $119.43 million in 2017Q4. It also upped Unitedhealth Group Inc (NYSE:UNH) stake by 2,500 shares and now owns 178,458 shares. At&T Inc (NYSE:T) was raised too.

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. Smith Moore reported 7,092 shares. Federated Investors Inc Pa invested in 0.27% or 1.28M shares. Ww Asset Mngmt holds 221,045 shares. 10 accumulated 4,180 shares or 0.07% of the stock. Contravisory Investment Management Inc holds 194 shares or 0.01% of its portfolio. Delta Asset Mgmt Limited Co Tn owns 0.01% invested in Citigroup Inc. (NYSE:C) for 1,230 shares. Mitchell Cap Management accumulated 82,408 shares. Gilder Gagnon Howe & Communications Limited Liability holds 98,514 shares. Horan Mgmt has 3.99% invested in Citigroup Inc. (NYSE:C). Kessler Invest Gru Limited Liability Co has 175 shares for 0.02% of their portfolio. Endurance Wealth Mngmt has 10,592 shares for 0.13% of their portfolio. Regions stated it has 0.27% of its portfolio in Citigroup Inc. (NYSE:C). Hudock Cap Group Ltd Limited Liability Company invested in 0.03% or 1,002 shares. Prudential Public Ltd Co reported 6.56 million shares. Mount Vernon Assoc Md invested in 22,180 shares.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.19, from 1.22 in 2017Q3. It dropped, as 9 investors sold Albany International Corp. shares while 62 reduced holdings. 22 funds opened positions while 51 raised stakes. 28.52 million shares or 1.45% less from 28.94 million shares in 2017Q3 were reported. Amundi Pioneer Asset Mgmt invested 0.03% of its portfolio in Albany International Corp. (NYSE:AIN). Great West Life Assurance Can owns 38,643 shares. Nwq Inv reported 1.08% in Albany International Corp. (NYSE:AIN). Thrivent For Lutherans accumulated 17,934 shares or 0% of the stock. Parametric Assoc Limited Liability Company has invested 0% of its portfolio in Albany International Corp. (NYSE:AIN). Ny State Teachers Retirement invested in 83,775 shares. Bw Gestao De Investimentos Ltda, Brazil-based fund reported 29,314 shares. Guggenheim Capital Ltd Liability Company reported 13,012 shares. Ameritas Inv Prtnrs accumulated 2,473 shares. Amalgamated Financial Bank owns 0.01% invested in Albany International Corp. (NYSE:AIN) for 4,201 shares. Renaissance Technologies Limited Liability Company stated it has 661,600 shares or 0.04% of all its holdings. 101 are owned by Parkside Bank Tru. Moreover, Kennedy Capital Management has 0.24% invested in Albany International Corp. (NYSE:AIN) for 220,586 shares. Blackrock has 3.60M shares. Comerica Bancorporation holds 0.02% in Albany International Corp. (NYSE:AIN) or 51,486 shares.

Among 4 analysts covering Albany Intl (NYSE:AIN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Albany Intl had 5 analyst reports since October 29, 2015 according to SRatingsIntel. Stephens initiated Albany International Corp. (NYSE:AIN) rating on Tuesday, March 6. Stephens has “Hold” rating and $64.0 target. The rating was maintained by Macquarie Research on Wednesday, December 9 with “Outperform”. Sidoti downgraded the stock to “Neutral” rating in Friday, December 16 report. The rating was initiated by Macquarie Research on Thursday, October 29 with “Outperform”.

Albany International Corp. (NYSE:AIN) Institutional Positions Chart