Jefferies Group Brokers Decrease Earnings Estimates for Citigroup (C)

Citigroup (NYSE:C) – Research analysts at Jefferies Group dropped their Q3 2018 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Sunday, April 15th. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $1.62 per share for the quarter, down from their previous forecast of $1.64. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s Q4 2018 earnings at $1.55 EPS.

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C has been the topic of a number of other reports. Morgan Stanley upped their price objective on Citigroup from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 15th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 target price for the company in a research report on Friday, April 6th. Finally, HSBC upgraded Citigroup from a “hold” rating to a “buy” rating and upped their target price for the company from $82.00 to $85.00 in a research report on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. Citigroup currently has a consensus rating of “Hold” and an average price target of $81.01.

Shares of NYSE C opened at $70.28 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.30. Citigroup has a one year low of $57.55 and a one year high of $80.70. The firm has a market capitalization of $179,236.39, a price-to-earnings ratio of 13.19, a PEG ratio of 1.01 and a beta of 1.56.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, April 13th. The financial services provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The firm had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the firm posted $1.35 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the business. Sawyer & Company Inc acquired a new stake in shares of Citigroup in the fourth quarter valued at about $117,000. Baldwin Brothers Inc. MA increased its stake in shares of Citigroup by 88.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 1,598 shares of the financial services provider’s stock valued at $119,000 after buying an additional 750 shares during the period. Risk Paradigm Group LLC increased its stake in shares of Citigroup by 829.2% in the fourth quarter. Risk Paradigm Group LLC now owns 1,942 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,733 shares during the period. Lee Financial Co increased its stake in shares of Citigroup by 57.0% in the fourth quarter. Lee Financial Co now owns 2,240 shares of the financial services provider’s stock valued at $167,000 after buying an additional 813 shares during the period. Finally, Omnia Family Wealth LLC increased its stake in shares of Citigroup by 187.7% in the fourth quarter. Omnia Family Wealth LLC now owns 2,299 shares of the financial services provider’s stock valued at $171,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

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About Citigroup

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.

Earnings History and Estimates for Citigroup (NYSE:C)

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