Cookson Peirce & Co. Inc. Makes New Investment in Citigroup Inc. (NYSE:C)

Cookson Peirce & Co. Inc. bought a new stake in shares of Citigroup Inc. (NYSE:C) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,743 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carmel Capital Partners LLC bought a new stake in shares of Citigroup in the 3rd quarter valued at approximately $25,000. GHP Investment Advisors Inc. grew its stake in shares of Citigroup by 73.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock valued at $28,000 after buying an additional 290 shares in the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Citigroup in the 1st quarter valued at approximately $28,000. AlphaMark Advisors LLC grew its stake in shares of Citigroup by 75.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its stake in shares of Citigroup by 115.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 802 shares of the company’s stock valued at $33,000 after buying an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Citigroup Price Performance

Shares of C stock opened at $56.98 on Wednesday. The stock has a 50-day moving average price of $58.04 and a 200 day moving average price of $50.93. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.50. The firm has a market cap of $109.13 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.92 and a beta of 1.52. Citigroup Inc. has a 12 month low of $38.17 and a 12 month high of $63.90.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.29. The firm had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.86 earnings per share. Research analysts expect that Citigroup Inc. will post 5.73 EPS for the current year.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend 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 62.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley raised Citigroup from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a research note on Tuesday, January 30th. HSBC boosted their target price on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods upped their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Wells Fargo & Company restated an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a research note on Monday, April 1st. Finally, StockNews.com upgraded Citigroup from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.91.

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.