Citigroup Inc. Acquires 42,878 Shares of Penske Automotive Group, Inc. $PAG

Citigroup Inc. increased its holdings in Penske Automotive Group, Inc. (NYSE:PAG) by 124.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,248 shares of the company’s stock after buying an additional 42,878 shares during the period. Citigroup Inc. owned about 0.12% of Penske Automotive Group worth $13,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PAG. Meixler Investment Management Ltd. purchased a new stake in shares of Penske Automotive Group during the 3rd quarter worth $1,154,000. Bahl & Gaynor Inc. raised its holdings in Penske Automotive Group by 32.7% in the second quarter. Bahl & Gaynor Inc. now owns 127,776 shares of the company’s stock worth $21,953,000 after purchasing an additional 31,463 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Penske Automotive Group during the third quarter valued at about $5,585,000. Convergence Investment Partners LLC bought a new stake in shares of Penske Automotive Group in the 3rd quarter valued at about $1,157,000. Finally, Rhumbline Advisers boosted its holdings in shares of Penske Automotive Group by 15.7% in the 3rd quarter. Rhumbline Advisers now owns 58,783 shares of the company’s stock valued at $10,223,000 after buying an additional 7,978 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group News Summary

Here are the key news stories impacting Penske Automotive Group this week:

• Positive Sentiment: Zacks raised its FY2026 estimate to $13.92 from $13.71 and bumped several 2026 quarter estimates (Q1, Q3, Q4), signaling slightly stronger near‑term earnings than previously modeled. MarketBeat Report
• Neutral Sentiment: Zacks published FY2028 projections (EPS $15.77) and maintained multi‑year outlooks that suggest growth beyond 2026–2027, which may support a constructive longer‑horizon view if results track those trajectories. MarketBeat Report
• Negative Sentiment: Zacks trimmed several 2027 quarterly estimates (small cuts to Q1–Q4 2027) and lowered FY2027 to $15.06 from $15.22 — a downgrade that likely explains some of the downward pressure on PAG shares today. MarketBeat Report

Analysts Set New Price Targets

PAG has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Penske Automotive Group in a research report on Friday, October 31st. Barclays increased their price objective on Penske Automotive Group from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Penske Automotive Group in a research note on Monday, December 8th. JPMorgan Chase & Co. decreased their price target on Penske Automotive Group from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Bank of America initiated coverage on Penske Automotive Group in a report on Tuesday, December 9th. They issued a “buy” rating and a $195.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.43.

Penske Automotive Group Trading Down 0.1%

Shares of NYSE:PAG opened at $157.56 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.99 and a debt-to-equity ratio of 0.32. Penske Automotive Group, Inc. has a 52-week low of $134.05 and a 52-week high of $189.51. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.63 and a beta of 0.92. The business has a 50-day moving average price of $163.55 and a 200-day moving average price of $168.35.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Wednesday, February 11th. The company reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.19 by ($0.28). Penske Automotive Group had a net margin of 2.91% and a return on equity of 15.77%. The firm had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.62 billion. During the same quarter in the prior year, the company earned $3.54 EPS. Penske Automotive Group’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts predict that Penske Automotive Group, Inc. will post 13.86 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Wednesday, February 25th will be paid a $1.40 dividend. The ex-dividend date is Wednesday, February 25th. This is an increase from Penske Automotive Group’s previous quarterly dividend of $1.38. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.6%. Penske Automotive Group’s dividend payout ratio (DPR) is currently 41.48%.

About Penske Automotive Group

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.