Citigroup Inc. $C Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in Citigroup Inc. (NYSE:C) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 220,313 shares of the company’s stock after buying an additional 6,327 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Citigroup were worth $18,753,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Citigroup by 179.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,534,297 shares of the company’s stock valued at $1,031,790,000 after purchasing an additional 9,334,038 shares in the last quarter. Nuveen LLC bought a new position in Citigroup during the 1st quarter worth approximately $578,100,000. Amundi lifted its holdings in Citigroup by 78.4% during the 1st quarter. Amundi now owns 13,713,517 shares of the company’s stock worth $973,523,000 after buying an additional 6,026,268 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Citigroup by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company’s stock worth $2,917,794,000 after buying an additional 2,539,769 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in Citigroup by 2,230.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 2,630,308 shares of the company’s stock worth $186,726,000 after buying an additional 2,517,459 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Stock Down 1.0%

Shares of Citigroup stock opened at $98.29 on Wednesday. Citigroup Inc. has a 1-year low of $55.51 and a 1-year high of $105.59. The company has a market capitalization of $180.94 billion, a P/E ratio of 13.80, a PEG ratio of 0.84 and a beta of 1.37. The business’s fifty day moving average price is $97.78 and its two-hundred day moving average price is $85.24. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.99 and a quick ratio of 0.99.

Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a net margin of 8.73% and a return on equity of 7.91%. The firm had revenue of $22.09 billion for the quarter, compared to analyst estimates of $20.92 billion. During the same quarter last year, the business posted $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 3rd. Citigroup’s payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

A number of research firms have commented on C. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Keefe, Bruyette & Woods increased their target price on Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Piper Sandler increased their target price on Citigroup from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. TD Cowen increased their target price on Citigroup from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Morgan Stanley raised their price target on Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Citigroup currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.63.

Citigroup Profile

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.