Citigroup Inc. (NYSE:C) is Huber Capital Management LLC’s 8th Largest Position

Huber Capital Management LLC grew its stake in shares of Citigroup Inc. (NYSE:C) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,816 shares of the company’s stock after acquiring an additional 7,000 shares during the period. Citigroup comprises about 3.1% of Huber Capital Management LLC’s holdings, making the stock its 8th biggest position. Huber Capital Management LLC’s holdings in Citigroup were worth $13,569,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Gryphon Financial Partners LLC raised its position in Citigroup by 215.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 15,561 shares of the company’s stock worth $800,000 after acquiring an additional 10,632 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Citigroup by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 398,801 shares of the company’s stock worth $20,514,000 after purchasing an additional 7,139 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Citigroup during the 4th quarter worth approximately $264,000. EverSource Wealth Advisors LLC grew its holdings in Citigroup by 17.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,220 shares of the company’s stock valued at $217,000 after buying an additional 628 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in Citigroup during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on C. Royal Bank of Canada upped their price objective on Citigroup from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. The Goldman Sachs Group lowered their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. BMO Capital Markets upped their price objective on shares of Citigroup from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Finally, Evercore ISI lifted their target price on shares of Citigroup from $60.00 to $62.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

Citigroup Stock Performance

NYSE C opened at $62.11 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94. Citigroup Inc. has a 1-year low of $38.17 and a 1-year high of $67.81. The firm has a market capitalization of $118.47 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.62 and a beta of 1.45. The business’s 50-day simple moving average is $61.30 and its 200-day simple moving average is $61.46.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, July 12th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Citigroup had a net margin of 4.95% and a return on equity of 6.26%. The company had revenue of $20.14 billion during the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. Citigroup’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Citigroup Inc. will post 5.81 EPS for the current year.

Citigroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, August 5th. This is a positive change from Citigroup’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a yield of 3.61%. Citigroup’s payout ratio is 62.75%.

About Citigroup

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.