Citigroup (NYSE:C) – Research analysts at Jefferies Group increased their Q2 2018 EPS estimates for Citigroup in a note issued to investors on Sunday, April 15th. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $1.56 per share for the quarter, up from their prior forecast of $1.54. Jefferies Group has a “Hold” rating and a $83.00 price target on the stock.
Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.07. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. Citigroup had a positive return on equity of 7.95% and a negative net margin of 6.28%. Citigroup’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS.
Several other equities analysts also recently issued reports on the company. DZ Bank upgraded Citigroup from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Wells Fargo set a $95.00 price objective on Citigroup and gave the company a “buy” rating in a research report on Wednesday, December 20th. Morgan Stanley lifted their price objective on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, March 15th. Vetr downgraded Citigroup from a “sell” rating to a “strong sell” rating and set a $70.80 price objective for the company. in a research report on Monday, January 29th. Finally, Barclays lifted their price objective on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company. Citigroup currently has a consensus rating of “Hold” and a consensus target price of $81.01.
Shares of C opened at $69.74 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a 52-week low of $57.55 and a 52-week high of $80.70. The firm has a market capitalization of $182,500.39, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Citigroup by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 28,541,767 shares of the financial services provider’s stock valued at $2,119,402,000 after acquiring an additional 256,760 shares during the period. Boston Partners grew its stake in Citigroup by 3.4% in the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after acquiring an additional 817,162 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Citigroup by 4.7% during the third quarter. Ameriprise Financial Inc. now owns 24,118,886 shares of the financial services provider’s stock worth $1,754,343,000 after buying an additional 1,091,989 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Citigroup by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,906,518 shares of the financial services provider’s stock worth $1,109,194,000 after buying an additional 91,093 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Citigroup by 0.7% during the third quarter. Legal & General Group Plc now owns 14,367,891 shares of the financial services provider’s stock worth $1,045,123,000 after buying an additional 103,026 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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