Citigroup Inc (NYSE:C) – Stock analysts at Oppenheimer decreased their Q2 2018 earnings per share (EPS) estimates for shares of Citigroup in a note issued to investors on Tuesday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.60. Oppenheimer also issued estimates for Citigroup’s Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.58 EPS and FY2019 earnings at $7.15 EPS.
C has been the subject of a number of other research reports. Atlantic Securities reissued an “overweight” rating and issued a $85.00 target price (up previously from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a report on Wednesday, October 11th. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Barclays raised their price target on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Raymond James Financial started coverage on Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.30.
Citigroup (NYSE C) traded down $0.08 during trading on Thursday, reaching $77.39. The company’s stock had a trading volume of 15,420,400 shares, compared to its average volume of 16,670,225. Citigroup has a 12 month low of $55.23 and a 12 month high of $78.44. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $206,580.00, a P/E ratio of -26.78, a P/E/G ratio of 1.21 and a beta of 1.56.
Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter last year, the company earned $1.14 earnings per share. Citigroup’s quarterly revenue was up 1.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Citigroup’s dividend payout ratio is presently -44.29%.
Institutional investors have recently bought and sold shares of the stock. Catamount Wealth Management purchased a new stake in Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Citigroup by 206.0% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,030 shares during the period. Balentine LLC grew its holdings in Citigroup by 20.2% in the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after buying an additional 272 shares during the period. Acrospire Investment Management LLC grew its holdings in Citigroup by 21.4% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after buying an additional 300 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in Citigroup in the 4th quarter valued at about $117,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.
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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.
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