Citigroup Inc (NYSE:C) – Equities research analysts at Jefferies Financial Group decreased their FY2018 earnings estimates for Citigroup in a research report issued on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $6.59 per share for the year, down from their prior forecast of $6.68. Jefferies Financial Group also issued estimates for Citigroup’s Q4 2018 earnings at $1.56 EPS, Q1 2019 earnings at $1.84 EPS and FY2019 earnings at $7.50 EPS.
C has been the subject of several other research reports. Zacks Investment Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, October 16th. TheStreet downgraded shares of Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday, December 11th. Credit Suisse Group decreased their target price on shares of Citigroup from $88.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Standpoint Research upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 target price for the company in a research note on Wednesday, December 26th. Finally, Macquarie upgraded shares of Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $79.52.
NYSE C opened at $56.69 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.00 and a quick ratio of 1.00. Citigroup has a 1 year low of $48.42 and a 1 year high of $80.70. The firm has a market capitalization of $144.90 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.66 and a beta of 1.56.
Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The company had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share.
A number of hedge funds and other institutional investors have recently bought and sold shares of C. Northeast Financial Consultants Inc purchased a new position in Citigroup in the third quarter valued at about $545,000. Capital Investment Advisors LLC increased its holdings in Citigroup by 1.2% in the third quarter. Capital Investment Advisors LLC now owns 77,287 shares of the financial services provider’s stock valued at $5,545,000 after buying an additional 939 shares in the last quarter. ValueAct Holdings L.P. increased its holdings in Citigroup by 4.2% in the third quarter. ValueAct Holdings L.P. now owns 26,225,500 shares of the financial services provider’s stock valued at $1,881,417,000 after buying an additional 1,050,000 shares in the last quarter. CapWealth Advisors LLC increased its holdings in Citigroup by 4.6% in the second quarter. CapWealth Advisors LLC now owns 294,351 shares of the financial services provider’s stock valued at $19,698,000 after buying an additional 12,868 shares in the last quarter. Finally, Rampart Investment Management Company LLC increased its holdings in Citigroup by 56.0% in the third quarter. Rampart Investment Management Company LLC now owns 68,862 shares of the financial services provider’s stock valued at $1,832,768,000 after buying an additional 24,716 shares in the last quarter. 72.67% of the stock is owned by hedge funds and other institutional investors.
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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