Huber Capital Management LLC Trims Holdings in Citigroup Inc. (C)
Huber Capital Management LLC lessened its position in shares of Citigroup Inc. (NYSE:C) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 872,587 shares of the financial services provider’s stock after selling 10,500 shares during the period. Citigroup comprises 3.0% of Huber Capital Management LLC’s portfolio, making the stock its 3rd largest position. Huber Capital Management LLC’s holdings in Citigroup were worth $58,359,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in C. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of Citigroup by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,359 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 40 shares during the last quarter. Leisure Capital Management lifted its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 59 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Citigroup by 2.0% in the 1st quarter. Regal Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 74 shares during the last quarter. Halbert Hargrove Russell LLC lifted its holdings in shares of Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 74 shares during the last quarter. Finally, Usca Ria LLC lifted its holdings in shares of Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after purchasing an additional 90 shares during the last quarter. 78.15% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on C. J P Morgan Chase & Co reissued an “overweight” rating and issued a $78.50 price target (up previously from $77.50) on shares of Citigroup in a report on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price target on shares of Citigroup in a report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating on shares of Citigroup in a research note on Monday, October 9th. Finally, BidaskClub raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.61.
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Citigroup Inc. (NYSE C) opened at $71.33 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $188,596.67, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.40 and a beta of 1.57. Citigroup Inc. has a 1-year low of $54.98 and a 1-year high of $76.14.
Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. During the same period in the previous year, the firm posted $1.24 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. analysts anticipate that Citigroup Inc. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. Citigroup’s dividend payout ratio is 24.66%.
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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