POSCO Holdings Inc. (NYSE:PKX) Shares Bought by Citigroup Inc.

Jul 08, 2023

Citigroup Inc. raised its holdings in POSCO Holdings Inc. (NYSE:PKX - Get Rating) by 209.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,302 shares of the basic materials company's stock after acquiring an additional 4,266 shares during the period. Citigroup Inc.'s holdings in POSCO were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company's stock worth $33,000 after buying an additional 201 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in POSCO by 22.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,567 shares of the basic materials company's stock valued at $57,000 after buying an additional 286 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in POSCO by 78.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 2,324 shares of the basic materials company's stock valued at $139,000 after buying an additional 1,024 shares during the last quarter. Lazard Asset Management LLC purchased a new position in POSCO in the 3rd quarter valued at about $95,000. Finally, Lindbrook Capital LLC boosted its position in POSCO by 47.5% in the 4th quarter. Lindbrook Capital LLC now owns 3,069 shares of the basic materials company's stock valued at $167,000 after buying an additional 988 shares during the last quarter. 3.34% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on PKX. JPMorgan Chase & Co. cut shares of POSCO from a "neutral" rating to an "underweight" rating in a research report on Thursday, April 13th. StockNews.com cut shares of POSCO from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Morgan Stanley cut shares of POSCO from an "overweight" rating to an "equal weight" rating in a research report on Monday, April 3rd.

PKX opened at $74.40 on Thursday. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. POSCO Holdings Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $80.03. The company's 50-day moving average price is $71.37 and its 200 day moving average price is $63.52. The company has a quick ratio of 1.54, a current ratio of 2.20 and a debt-to-equity ratio of 0.27.

POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider POSCO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POSCO wasn't on the list.

While POSCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by entering your email address below.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.