Citigroup Inc. $C is Huber Capital Management LLC’s 5th Largest Position

Huber Capital Management LLC boosted its position in Citigroup Inc. (NYSE:C) by 14.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 278,816 shares of the company’s stock after buying an additional 35,000 shares during the period. Citigroup accounts for about 3.7% of Huber Capital Management LLC’s holdings, making the stock its 5th largest holding. Huber Capital Management LLC’s holdings in Citigroup were worth $19,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC increased its position in Citigroup by 11.1% during the fourth quarter. True Wealth Design LLC now owns 1,195 shares of the company’s stock worth $84,000 after buying an additional 119 shares in the last quarter. Continuum Advisory LLC increased its position in Citigroup by 1.9% during the fourth quarter. Continuum Advisory LLC now owns 6,519 shares of the company’s stock worth $459,000 after buying an additional 120 shares in the last quarter. Solitude Financial Services increased its position in Citigroup by 0.9% during the first quarter. Solitude Financial Services now owns 16,496 shares of the company’s stock worth $1,171,000 after buying an additional 140 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Citigroup by 2.1% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,902 shares of the company’s stock worth $490,000 after buying an additional 142 shares in the last quarter. Finally, Insight Inv LLC increased its position in Citigroup by 0.5% during the first quarter. Insight Inv LLC now owns 27,268 shares of the company’s stock worth $1,936,000 after buying an additional 146 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total value of $271,200.00. Following the transaction, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

C has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a $89.00 price target on shares of Citigroup in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price target on Citigroup from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Citigroup in a research report on Wednesday, July 16th. Piper Sandler raised their price target on Citigroup from $84.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, TD Cowen raised their price target on Citigroup from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.54.

Citigroup Price Performance

Shares of NYSE:C opened at $96.98 on Thursday. The company has a market cap of $178.52 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.83 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.61. Citigroup Inc. has a 52 week low of $55.51 and a 52 week high of $97.45. The business has a fifty day simple moving average of $90.50 and a 200-day simple moving average of $78.62.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.35. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.The business had revenue of $21.67 billion during the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. Equities research analysts forecast that Citigroup Inc. will post 7.53 EPS for the current year.

Citigroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were issued a $0.60 dividend. The ex-dividend date was Monday, August 4th. This is an increase from Citigroup’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 2.5%. Citigroup’s payout ratio is 35.45%.

Citigroup Company Profile

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.