Peoples Financial Services CORP. Raises Stock Position in Citigroup Inc. (NYSE:C)

Peoples Financial Services CORP. lifted its stake in shares of Citigroup Inc. (NYSE:C) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,502 shares of the company’s stock after acquiring an additional 200 shares during the period. Peoples Financial Services CORP.’s holdings in Citigroup were worth $106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pines Wealth Management LLC purchased a new position in Citigroup in the fourth quarter valued at approximately $413,000. SeaCrest Wealth Management LLC increased its position in shares of Citigroup by 1.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 12,661 shares of the company’s stock worth $891,000 after acquiring an additional 203 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Citigroup by 6.7% in the 4th quarter. Accurate Wealth Management LLC now owns 17,395 shares of the company’s stock valued at $1,242,000 after acquiring an additional 1,093 shares during the period. Ignite Planners LLC raised its stake in shares of Citigroup by 3.1% in the 4th quarter. Ignite Planners LLC now owns 16,620 shares of the company’s stock valued at $1,180,000 after acquiring an additional 507 shares during the period. Finally, Breakwater Capital Group lifted its holdings in shares of Citigroup by 3.4% during the 4th quarter. Breakwater Capital Group now owns 14,388 shares of the company’s stock valued at $1,013,000 after acquiring an additional 474 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Up 1.1 %

C stock opened at $73.59 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96. The company has a 50-day moving average of $70.60 and a two-hundred day moving average of $65.22. The stock has a market capitalization of $139.18 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Citigroup Inc. has a 52-week low of $50.51 and a 52-week high of $74.29.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. As a group, equities research analysts anticipate that Citigroup Inc. will post 5.86 EPS for the current year.

Citigroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, February 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.04%. Citigroup’s dividend payout ratio (DPR) is presently 64.93%.

Analyst Upgrades and Downgrades

C has been the topic of several analyst reports. Bank of America raised their target price on Citigroup from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Truist Financial began coverage on shares of Citigroup in a research note on Tuesday, January 7th. They set a “buy” rating and a $85.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler lifted their price target on shares of Citigroup from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Citigroup from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

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.