Huber Capital Management LLC Decreases Stake in Citigroup Inc (C)

Huber Capital Management LLC lessened its stake in shares of Citigroup Inc (NYSE:C) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 685,987 shares of the financial services provider’s stock after selling 186,600 shares during the quarter. Citigroup comprises approximately 2.7% of Huber Capital Management LLC’s holdings, making the stock its 6th largest position. Huber Capital Management LLC’s holdings in Citigroup were worth $49,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Citigroup by 16.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,588 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 1,660 shares during the period. National Pension Service boosted its stake in Citigroup by 9.5% during the 2nd quarter. National Pension Service now owns 2,107,537 shares of the financial services provider’s stock valued at $141,163,000 after purchasing an additional 182,199 shares during the period. Hoertkorn Richard Charles boosted its stake in Citigroup by 7.8% during the 2nd quarter. Hoertkorn Richard Charles now owns 83,502 shares of the financial services provider’s stock valued at $5,585,000 after purchasing an additional 6,057 shares during the period. Moon Capital Management LLC boosted its stake in Citigroup by 0.3% during the 2nd quarter. Moon Capital Management LLC now owns 69,113 shares of the financial services provider’s stock valued at $4,622,000 after purchasing an additional 175 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Citigroup by 1.4% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 3,438,264 shares of the financial services provider’s stock valued at $229,951,000 after purchasing an additional 48,241 shares during the period. Institutional investors own 78.53% of the company’s stock.

Citigroup Inc (NYSE:C) opened at $78.30 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $201,231.02, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. Citigroup Inc has a twelve month low of $55.23 and a twelve month high of $78.44.

Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts expect that Citigroup Inc will post 6.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. Citigroup’s payout ratio is presently -41.29%.

C has been the subject of several recent analyst reports. Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America restated a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays increased their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and an average price target of $79.30.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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