Huber Capital Management LLC lessened its stake in Citigroup Inc (NYSE:C) by 21.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 685,987 shares of the financial services provider’s stock after selling 186,600 shares during the period. Citigroup accounts for approximately 2.7% of Huber Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Huber Capital Management LLC’s holdings in Citigroup were worth $49,899,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of C. State of Alaska Department of Revenue grew its stake in shares of Citigroup by 16.7% during the second quarter. State of Alaska Department of Revenue now owns 11,588 shares of the financial services provider’s stock worth $774,000 after acquiring an additional 1,660 shares during the last quarter. National Pension Service grew its stake in shares of Citigroup by 9.5% during the second quarter. National Pension Service now owns 2,107,537 shares of the financial services provider’s stock worth $141,163,000 after acquiring an additional 182,199 shares during the last quarter. Hoertkorn Richard Charles grew its stake in shares of Citigroup by 7.8% during the second quarter. Hoertkorn Richard Charles now owns 83,502 shares of the financial services provider’s stock worth $5,585,000 after acquiring an additional 6,057 shares during the last quarter. Moon Capital Management LLC grew its stake in shares of Citigroup by 0.3% during the second quarter. Moon Capital Management LLC now owns 69,113 shares of the financial services provider’s stock worth $4,622,000 after acquiring an additional 175 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its stake in shares of Citigroup by 1.4% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,438,264 shares of the financial services provider’s stock worth $229,951,000 after acquiring an additional 48,241 shares during the last quarter. Institutional investors own 80.71% of the company’s stock.
C has been the topic of a number of research analyst reports. Credit Suisse Group restated a “buy” rating and set a $86.00 price target on shares of Citigroup in a research note on Thursday, January 4th. BidaskClub lowered Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Wells Fargo & Co set a $95.00 price target on Citigroup and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Nomura upped their target price on Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Vetr upgraded Citigroup from a “hold” rating to a “buy” rating and set a $80.92 target price on the stock in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has an average rating of “Buy” and a consensus price target of $79.65.
Shares of Citigroup Inc (NYSE C) traded up $1.08 during trading hours on Monday, reaching $74.76. The company’s stock had a trading volume of 16,674,890 shares, compared to its average volume of 17,230,000. Citigroup Inc has a one year low of $56.55 and a one year high of $80.70. The firm has a market capitalization of $197,670.00, a P/E ratio of 13.47, a PEG ratio of 1.07 and a beta of 1.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01.
Citigroup (NYSE:C) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Citigroup’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts anticipate that Citigroup Inc will post 6.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is presently 23.06%.
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Citigroup Company Profile
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.
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