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

Key Points

• Huber Capital Management LLC increased its stake in Citigroup by 14.4%, acquiring 35,000 additional shares in the first quarter, bringing its total to 278,816 shares valued at approximately $19.8 million.
• Citigroup announced a quarterly dividend increase from $0.56 to $0.60, representing a 2.5% annual yield, with a payout ratio of 35.45%.
• Brokerage firms have raised their target prices for Citigroup, with Wells Fargo increasing its target from $110 to $115, reflecting positive sentiment among analysts.

Huber Capital Management LLC grew its holdings in Citigroup Inc. (NYSE:C - Free Report) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,816 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. Citigroup comprises about 3.7% of Huber Capital Management LLC's portfolio, making the stock its 5th biggest position. Huber Capital Management LLC's holdings in Citigroup were worth $19,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in C. Orion Capital Management LLC acquired a new position in shares of Citigroup in the 4th quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Citigroup in the 1st quarter valued at about $28,000. American National Bank & Trust acquired a new position in Citigroup during the 1st quarter worth approximately $29,000. Accent Capital Management LLC raised its stake in Citigroup by 106.0% during the 1st quarter. Accent Capital Management LLC now owns 412 shares of the company's stock worth $29,000 after buying an additional 212 shares during the period. Finally, Truvestments Capital LLC raised its stake in Citigroup by 131.6% during the 1st quarter. Truvestments Capital LLC now owns 433 shares of the company's stock worth $31,000 after buying an additional 246 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of Citigroup stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the sale, the director directly owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

C has been the topic of a number of research reports. Morgan Stanley upped their price target on Citigroup from $103.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Truist Financial boosted their price objective on Citigroup from $93.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Oppenheimer upped their target price on Citigroup from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler upped their target price on Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group upped their target price on Citigroup from $85.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $96.54.

Citigroup Price Performance

Shares of C stock traded down $0.28 on Monday, reaching $96.54. The company's stock had a trading volume of 8,361,286 shares, compared to its average volume of 13,257,021. 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 12-month low of $55.51 and a 12-month high of $97.49. The company has a market capitalization of $177.72 billion, a P/E ratio of 14.26, a PEG ratio of 0.83 and a beta of 1.41. The stock's 50 day simple moving average is $91.23 and its 200-day simple moving average is $78.80.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share 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 for the quarter, compared to the consensus estimate of $20.75 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Citigroup Inc. will post 7.53 earnings per share for the current fiscal year.

Citigroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 4th. This is a boost from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend 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.