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

Peloton Wealth Strategists increased its stake in Citigroup Inc. (NYSE:C) by 53.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,650 shares of the company’s stock after purchasing an additional 11,350 shares during the quarter. Peloton Wealth Strategists’ holdings in Citigroup were worth $2,779,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. raised its holdings in Citigroup by 157.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 414 shares of the company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Truvestments Capital LLC lifted its position in shares of Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Citigroup during the 2nd quarter valued at approximately $38,000. MTM Investment Management LLC acquired a new stake in Citigroup in the 2nd quarter valued at approximately $43,000. Finally, WPG Advisers LLC bought a new position in Citigroup in the 1st quarter worth approximately $38,000. Institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on C shares. Keefe, Bruyette & Woods raised their price objective on shares of Citigroup from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Cowen restated a “hold” rating and set a $110.00 price objective on shares of Citigroup in a report on Wednesday, October 15th. Truist Financial increased their target price on shares of Citigroup from $105.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $118.00 price target on shares of Citigroup in a report on Tuesday, October 14th. Finally, Barclays boosted their price objective on Citigroup from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Eleven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.70.

Citigroup Trading Up 0.5%

Shares of Citigroup stock opened at $103.18 on Wednesday. The stock has a market capitalization of $184.61 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21. Citigroup Inc. has a 12-month low of $55.51 and a 12-month high of $105.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $99.78 and a 200 day simple moving average of $92.54.

Citigroup (NYSE:C) last posted its earnings results on Tuesday, October 14th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.35. The company had revenue of $22.09 billion during the quarter, compared to analysts’ expectations of $20.92 billion. Citigroup had a net margin of 8.73% and a return on equity of 7.91%. Citigroup’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 earnings per share. Research analysts expect that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Dividend Announcement

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

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.