Huber Capital Management LLC Raises Position in Citigroup Inc. (NYSE:C)

Huber Capital Management LLC boosted its stake in Citigroup Inc. (NYSE:C) by 2.0% in the 2nd quarter, Holdings Channel reports. The firm owned 130,023 shares of the company’s stock after purchasing an additional 2,600 shares during the period. Citigroup comprises about 2.3% of Huber Capital Management LLC’s portfolio, making the stock its 11th largest holding. Huber Capital Management LLC’s holdings in Citigroup were worth $9,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Factorial Partners LLC grew its position in Citigroup by 7,127.8% during the first quarter. Factorial Partners LLC now owns 5,565,375 shares of the company’s stock worth $76,500,000 after buying an additional 5,488,375 shares during the period. Franklin Resources Inc. increased its position in shares of Citigroup by 35.6% in the second quarter. Franklin Resources Inc. now owns 18,657,519 shares of the company’s stock worth $1,320,019,000 after acquiring an additional 4,896,247 shares in the last quarter. Morgan Stanley increased its position in shares of Citigroup by 21.6% in the first quarter. Morgan Stanley now owns 23,410,089 shares of the company’s stock worth $1,703,086,000 after acquiring an additional 4,162,277 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in Citigroup during the 1st quarter valued at $154,587,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Citigroup by 97.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,061,315 shares of the company’s stock valued at $287,338,000 after acquiring an additional 2,001,150 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Several brokerages recently weighed in on C. Morgan Stanley lifted their price objective on shares of Citigroup from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, July 29th. Royal Bank of Canada reissued a “buy” rating and set a $73.00 target price on shares of Citigroup in a research report on Wednesday, July 7th. Credit Suisse Group lowered their target price on shares of Citigroup from $83.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, July 19th. Jefferies Financial Group increased their target price on shares of Citigroup from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Monday. Finally, Piper Sandler decreased their target price on shares of Citigroup from $95.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, July 15th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.97.

Shares of NYSE:C traded up $0.35 during trading on Thursday, hitting $70.61. 1,202,883 shares of the stock traded hands, compared to its average volume of 19,598,801. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.43. The company has a market cap of $143.11 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.87 and a beta of 1.91. The company has a fifty day moving average price of $71.14 and a two-hundred day moving average price of $71.96. Citigroup Inc. has a 52-week low of $40.49 and a 52-week high of $80.29.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 14th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.36. Citigroup had a net margin of 27.21% and a return on equity of 12.10%. The firm had revenue of $17.15 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter last year, the company earned $1.40 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts predict that Citigroup Inc. will post 9.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 2nd were issued a dividend of $0.51 per share. The ex-dividend date was Friday, July 30th. This represents a $2.04 annualized dividend and a dividend yield of 2.89%. Citigroup’s dividend payout ratio is presently 41.80%.

Citigroup Company Profile

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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