SteelPeak Wealth LLC Acquires New Holdings in Citigroup Inc. (NYSE:C)

SteelPeak Wealth LLC purchased a new stake in shares of Citigroup Inc. (NYSE:C - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 58,226 shares of the company's stock, valued at approximately $4,133,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. increased its stake in Citigroup by 3.4% in the fourth quarter. American Century Companies Inc. now owns 352,948 shares of the company's stock worth $24,844,000 after purchasing an additional 11,674 shares during the period. Invesco Ltd. grew its stake in Citigroup by 13.8% in the fourth quarter. Invesco Ltd. now owns 16,247,095 shares of the company's stock worth $1,143,633,000 after purchasing an additional 1,970,300 shares in the last quarter. Brighton Jones LLC grew its stake in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock worth $1,407,000 after purchasing an additional 12,499 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new position in Citigroup in the first quarter worth approximately $214,000. Finally, Pinnacle Financial Partners Inc grew its stake in Citigroup by 495.1% in the first quarter. Pinnacle Financial Partners Inc now owns 18,554 shares of the company's stock worth $1,317,000 after purchasing an additional 15,436 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Stock Performance

C traded up $0.20 during trading on Monday, hitting $86.93. The stock had a trading volume of 5,133,358 shares, compared to its average volume of 14,514,600. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $162.36 billion, a P/E ratio of 13.75, a PEG ratio of 0.67 and a beta of 1.34. The company's 50-day moving average price is $78.40 and its 200 day moving average price is $74.80. Citigroup Inc. has a twelve month low of $53.51 and a twelve month high of $88.83.

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

Analysts Set New Price Targets

Several research analysts have recently commented on C shares. Oppenheimer reissued an "outperform" rating on shares of Citigroup in a research report on Monday, July 7th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (down previously from $96.00) on shares of Citigroup in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Piper Sandler reiterated an "overweight" rating and issued a $77.00 price target (down previously from $83.00) on shares of Citigroup in a report on Wednesday, April 16th. Finally, Morgan Stanley lifted their price objective on Citigroup from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.89.

Insider Buying and Selling

In other news, Director John Cunningham Dugan sold 4,417 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $68.26, for a total transaction of $301,504.42. Following the completion of the transaction, the director directly owned 13,048 shares in the company, valued at approximately $890,656.48. This represents a 25.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.

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.