Cohen Investment Advisors LLC Acquires 34,325 Shares of Citigroup Inc. (NYSE:C)

Cohen Investment Advisors LLC grew its holdings in shares of Citigroup Inc. (NYSE:C - Free Report) by 394.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,017 shares of the company's stock after purchasing an additional 34,325 shares during the quarter. Cohen Investment Advisors LLC's holdings in Citigroup were worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of Citigroup during the 4th quarter valued at $28,000. American National Bank & Trust bought a new position in Citigroup in the 1st quarter worth $29,000. Mascagni Wealth Management Inc. bought a new position in Citigroup in the 4th quarter worth $34,000. Runnymede Capital Advisors Inc. bought a new position in Citigroup in the 4th quarter worth $39,000. Finally, Whipplewood Advisors LLC raised its holdings in Citigroup by 79.2% in the 1st quarter. Whipplewood Advisors LLC now owns 570 shares of the company's stock worth $40,000 after acquiring an additional 252 shares during the period. Institutional investors own 71.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on C shares. Wall Street Zen downgraded shares of Citigroup from a "hold" rating to a "sell" rating in a report on Friday. Cowen started coverage on shares of Citigroup in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Bank of America lifted their target price on shares of Citigroup from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Citigroup presently has a consensus rating of "Moderate Buy" and an average target price of $84.03.

Insider Transactions at Citigroup

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the transaction, the director now directly owns 13,048 shares in the company, valued at $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is owned by insiders.

Citigroup Price Performance

NYSE:C opened at $84.41 on Friday. The company has a 50-day moving average of $74.53 and a 200-day moving average of $73.63. The company has a market capitalization of $157.66 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.65 and a beta of 1.33. Citigroup Inc. has a 52 week low of $53.51 and a 52 week high of $84.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The company had revenue of $21.60 billion during the quarter, compared to the consensus estimate of $21.34 billion. Citigroup had a net margin of 7.95% and a return on equity of 6.94%. As a group, equities research analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 5th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, May 5th. Citigroup's payout ratio is 35.39%.

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.

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