Peoples Financial Services CORP. Has $106,000 Holdings in Citigroup Inc. (NYSE:C)

Peoples Financial Services CORP. boosted its position in shares of Citigroup Inc. (NYSE:C) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,502 shares of the company’s stock after purchasing an additional 200 shares during the period. Peoples Financial Services CORP.’s holdings in Citigroup were worth $106,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of C. Lifestyle Asset Management Inc. grew its holdings in shares of Citigroup by 4.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 3,730 shares of the company’s stock valued at $233,000 after acquiring an additional 160 shares in the last quarter. Grove Bank & Trust increased its stake in Citigroup by 7.1% in the third quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after acquiring an additional 170 shares during the last quarter. MWA Asset Management raised its stake in Citigroup by 1.4% during the third quarter. MWA Asset Management now owns 12,585 shares of the company’s stock worth $788,000 after acquiring an additional 173 shares in the last quarter. Bridge Creek Capital Management LLC increased its holdings in Citigroup by 0.3% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 67,236 shares of the company’s stock worth $4,209,000 after purchasing an additional 175 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Citigroup by 9.3% during the third quarter. Venturi Wealth Management LLC now owns 2,048 shares of the company’s stock worth $128,000 after purchasing an additional 175 shares during the period. 71.72% of the stock is currently owned by institutional investors.

Citigroup Price Performance

NYSE:C opened at $73.59 on Wednesday. The firm has a market cap 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. 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 price of $70.60 and a 200-day moving average price of $65.22. Citigroup Inc. has a 1-year low of $50.51 and a 1-year high of $74.29.

Citigroup (NYSE:C) last released its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Monday, February 3rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.04%. Citigroup’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Morgan Stanley lowered their price target on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a “buy” rating and a $85.00 target price for the company. Finally, Wells Fargo & Company lifted their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.13.

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.