Greystone Managed Investments Has Boosted Its Sun Life Finl (SLF) Holding by $3.91 Million as Stock Value Declined; Citigroup Has Cut Its Stake in Altria Group (Put) (MO) by $831,600

February 15, 2018 - By Darrin Black

Citigroup Inc decreased its stake in Altria Group Inc (Put) (MO) by 2.55% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup Inc sold 13,200 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 503,900 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $31.96M, down from 517,100 at the end of the previous reported quarter. Citigroup Inc who had been investing in Altria Group Inc (Put) for a number of months, seems to be less bullish one the $123.92B market cap company. The stock decreased 0.70% or $0.46 during the last trading session, reaching $65.18. About 5.53 million shares traded. Altria Group, Inc. (NYSE:MO) has risen 11.92% since February 15, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

Greystone Managed Investments Inc increased its stake in Sun Life Finl Inc (SLF) by 6.75% based on its latest 2017Q3 regulatory filing with the SEC. Greystone Managed Investments Inc bought 100,241 shares as the company’s stock declined 12.84% while stock markets rallied. The institutional investor held 1.58 million shares of the life insurance company at the end of 2017Q3, valued at $62.95M, up from 1.48 million at the end of the previous reported quarter. Greystone Managed Investments Inc who had been investing in Sun Life Finl Inc for a number of months, seems to be bullish on the $25.12 billion market cap company. The stock increased 1.22% or $0.5 during the last trading session, reaching $41.33. About 560,588 shares traded or 17.19% up from the average. Sun Life Financial Inc. (NYSE:SLF) has declined 1.22% since February 15, 2017 and is downtrending. It has underperformed by 17.92% the S&P500.

Greystone Managed Investments Inc, which manages about $2.28B US Long portfolio, decreased its stake in Honeywell Intl Inc (NYSE:HON) by 12,249 shares to 80,176 shares, valued at $11.36M in 2017Q3, according to the filing. It also reduced its holding in Descartes Sys Group Inc (NASDAQ:DSGX) by 31,118 shares in the quarter, leaving it with 867,151 shares, and cut its stake in Open Text Corp (NASDAQ:OTEX).

Among 11 analysts covering Sun Life Financial Inc. (NYSE:SLF), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Sun Life Financial Inc. had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, June 7. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, February 17. Jefferies maintained Sun Life Financial Inc. (NYSE:SLF) rating on Wednesday, July 27. Jefferies has “Hold” rating and $15 target. Bank of America initiated the shares of SLF in report on Wednesday, August 24 with “Underperform” rating. The firm has “Hold” rating by Bank of America given on Monday, July 10. As per Monday, March 7, the company rating was maintained by Barclays Capital. The firm has “Neutral” rating by Macquarie Research given on Thursday, November 5. The stock has “Buy” rating by Argus Research on Wednesday, December 23. The rating was upgraded by Bank of America to “Buy” on Monday, September 21. RBC Capital Markets maintained Sun Life Financial Inc. (NYSE:SLF) on Friday, September 11 with “Outperform” rating.

Since September 21, 2017, it had 0 insider buys, and 2 insider sales for $2.95 million activity. Johnson Craig A. sold 14,953 shares worth $995,734.

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. Altria Group Inc. has $85.0 highest and $58.49 lowest target. $71.47’s average target is 9.65% above currents $65.18 stock price. Altria Group Inc. had 59 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, June 27, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, January 10 report. The rating was maintained by RBC Capital Markets with “Sell” on Monday, May 29. The firm earned “Buy” rating on Monday, January 8 by Cowen & Co. Berenberg downgraded Altria Group, Inc. (NYSE:MO) on Friday, February 3 to “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $7700 target in Monday, July 17 report. The company was upgraded on Wednesday, January 4 by Bank of America. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, July 31. Cowen & Co maintained the stock with “Hold” rating in Friday, July 7 report. Citigroup initiated Altria Group, Inc. (NYSE:MO) rating on Tuesday, September 13. Citigroup has “Buy” rating and $72 target.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. It is negative, as 91 investors sold MO shares while 516 reduced holdings. 118 funds opened positions while 420 raised stakes. 1.17 billion shares or 0.77% more from 1.16 billion shares in 2017Q2 were reported. Fifth Third Bancshares accumulated 391,002 shares or 0.18% of the stock. Lee Danner And Bass Inc reported 56,920 shares. Abner Herrman And Brock Limited Liability Co, New Jersey-based fund reported 21,351 shares. Orrstown Fincl has invested 0.26% in Altria Group, Inc. (NYSE:MO). Grimes And has invested 0.05% in Altria Group, Inc. (NYSE:MO). Cidel Asset Mgmt holds 4,000 shares. Deltec Asset Mgmt Ltd Limited Liability Company accumulated 0.74% or 57,487 shares. Whalerock Point Prtn Ltd Liability Com stated it has 3,768 shares or 0.08% of all its holdings. First Personal Finance holds 0.12% or 9,305 shares. Alesco Limited Com holds 0.02% or 4,412 shares in its portfolio. New Jersey-based Peapack Gladstone Corporation has invested 0.08% in Altria Group, Inc. (NYSE:MO). Quinn Opportunity Ptnrs Ltd Liability Company owns 11,500 shares. Kelly Lawrence W & Ca has invested 0.02% in Altria Group, Inc. (NYSE:MO). Strategy Asset Managers Lc reported 192,783 shares. Susquehanna Int Group Inc Ltd Liability Partnership invested 0.02% of its portfolio in Altria Group, Inc. (NYSE:MO).

Citigroup Inc, which manages about $122.18 billion US Long portfolio, upped its stake in Alpine Total Dynamic Divid F (AOD) by 35,464 shares to 41,725 shares, valued at $376,000 in 2017Q3, according to the filing. It also increased its holding in Lockheed Martin Corp (Put) (NYSE:LMT) by 54,300 shares in the quarter, for a total of 99,500 shares, and has risen its stake in American Eagle Outfitters Ne (Put) (NYSE:AEO).

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