Cookson Peirce & Co. Inc. Purchases Shares of 10,743 Citigroup Inc. (NYSE:C)

Cookson Peirce & Co. Inc. purchased a new stake in Citigroup Inc. (NYSE:C) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,743 shares of the company’s stock, valued at approximately $553,000.

A number of other large investors have also recently made changes to their positions in the business. Carmel Capital Partners LLC bought a new position in Citigroup during the 3rd quarter valued at about $25,000. GHP Investment Advisors Inc. grew its holdings in Citigroup by 73.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 290 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in Citigroup during the 1st quarter valued at about $28,000. AlphaMark Advisors LLC grew its holdings in Citigroup by 75.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in Citigroup by 115.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after purchasing an additional 429 shares during the last quarter. 71.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $80.00 price objective on shares of Citigroup in a research note on Monday, April 1st. Jefferies Financial Group raised their target price on shares of Citigroup from $56.00 to $65.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, HSBC raised their target price on shares of Citigroup from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Stock Down 2.7 %

C stock opened at $56.98 on Wednesday. The firm has a market cap of $109.13 billion, a PE ratio of 16.86, a P/E/G ratio of 0.92 and a beta of 1.52. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $58.04 and its 200 day moving average is $50.93. Citigroup Inc. has a one year low of $38.17 and a one year high of $63.90.

Citigroup (NYSE:C) last announced its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business had revenue of $21.10 billion for the quarter, compared to analyst estimates of $20.46 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Citigroup Inc. will post 5.73 EPS for the current year.

Citigroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.72%. Citigroup’s payout ratio is presently 62.72%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.