Peloton Wealth Strategists Has $2.78 Million Stock Holdings in Citigroup Inc. $C

by · The Cerbat Gem

Peloton Wealth Strategists grew its stake in Citigroup Inc. (NYSE:C – Free Report) by 53.3% during the second quarter, HoldingsChannel.com reports. The firm owned 32,650 shares of the company’s stock after buying an additional 11,350 shares during the period. Peloton Wealth Strategists’ holdings in Citigroup were worth $2,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in C. Keystone Financial Services bought a new stake in shares of Citigroup in the second quarter worth $216,000. Brighton Jones LLC increased its position in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock valued at $1,407,000 after acquiring an additional 12,499 shares during the last quarter. Hayek Kallen Investment Management boosted its position in Citigroup by 125.0% during the first quarter. Hayek Kallen Investment Management now owns 15,534 shares of the company’s stock valued at $1,103,000 after purchasing an additional 8,630 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Citigroup by 3.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 257,930 shares of the company’s stock valued at $21,955,000 after purchasing an additional 9,644 shares in the last quarter. Finally, D.B. Root & Company LLC acquired a new position in shares of Citigroup during the 1st quarter worth approximately $203,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance

NYSE C opened at $103.18 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The firm has a 50-day moving average price of $99.78 and a two-hundred day moving average price of $92.54. The company has a market capitalization of $184.61 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.51 and a beta of 1.21.

Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.35. Citigroup had a return on equity of 7.91% and a net margin of 8.73%.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 company earned $1.51 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Citigroup Inc. will post 7.53 earnings per share for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, November 3rd. Citigroup’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research cut Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Morgan Stanley lifted their price objective on shares of Citigroup from $129.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods increased their price objective on shares of Citigroup from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Truist Financial lifted their target price on shares of Citigroup from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.70.

Read Our Latest Stock Report on Citigroup

About Citigroup

(Free Report)

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.

See Also

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