Citigroup Inc (NYSE:C) – Jefferies Group raised their Q1 2018 EPS estimates for Citigroup in a report issued on Wednesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.64 for the quarter, up from their prior estimate of $1.54. Jefferies Group has a “Hold” rating and a $83.00 price target on the stock. Jefferies Group also issued estimates for Citigroup’s Q2 2018 earnings at $1.54 EPS.
Citigroup (NYSE:C) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS.
Several other analysts have also weighed in on C. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of Citigroup in a research note on Wednesday, January 17th. DZ Bank upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Macquarie lifted their price objective on shares of Citigroup from $82.00 to $84.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. set a $80.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $79.65.
Citigroup (C) opened at $74.06 on Monday. The stock has a market cap of $191,264.30, a P/E ratio of 13.96, a PEG ratio of 1.08 and a beta of 1.51. Citigroup has a 1 year low of $56.55 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01.
A number of hedge funds have recently made changes to their positions in C. FMR LLC grew its stake in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Harris Associates L P grew its stake in shares of Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares in the last quarter. Northern Trust Corp grew its stake in shares of Citigroup by 3.1% in the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after acquiring an additional 1,011,532 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Citigroup by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock worth $2,119,402,000 after acquiring an additional 256,760 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Citigroup by 3.4% in the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after acquiring an additional 817,162 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.73%. Citigroup’s dividend payout ratio (DPR) is presently -41.29%.
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.