FY2024 EPS Estimates for Citigroup Lifted by Seaport Res Ptn

Citigroup Inc. (NYSE:C) – Research analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Citigroup in a research note issued to investors on Wednesday, October 16th. Seaport Res Ptn analyst J. Mitchell now expects that the company will earn $5.77 per share for the year, up from their prior forecast of $5.70. The consensus estimate for Citigroup’s current full-year earnings is $5.76 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q4 2024 earnings at $1.16 EPS and Q2 2025 earnings at $1.89 EPS.

Several other brokerages have also recently weighed in on C. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Barclays upped their target price on shares of Citigroup from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday. Argus lifted their price target on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Bank of America upped their price objective on Citigroup from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group cut their target price on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Citigroup has an average rating of “Moderate Buy” and a consensus price target of $71.06.

Citigroup Stock Performance

NYSE:C opened at $63.96 on Friday. The company has a market cap of $122.00 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.74 and a beta of 1.44. Citigroup has a 1 year low of $38.17 and a 1 year high of $67.81. The stock’s 50 day simple moving average is $61.25 and its two-hundred day simple moving average is $61.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.94 and a quick ratio of 0.94.

Citigroup (NYSE:C) last issued its earnings results on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share.

Hedge Funds Weigh In On Citigroup

A number of institutional investors have recently modified their holdings of the stock. Accurate Wealth Management LLC grew its position in shares of Citigroup by 70.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 16,302 shares of the company’s stock worth $1,021,000 after buying an additional 6,723 shares in the last quarter. KMG Fiduciary Partners LLC grew its holdings in Citigroup by 0.4% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 40,802 shares of the company’s stock worth $2,554,000 after acquiring an additional 182 shares in the last quarter. Stratos Investment Management LLC increased its position in Citigroup by 98.9% during the 3rd quarter. Stratos Investment Management LLC now owns 73,577 shares of the company’s stock valued at $4,606,000 after purchasing an additional 36,576 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Citigroup by 38.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 9,770 shares of the company’s stock valued at $612,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in shares of Citigroup by 30.3% in the 3rd quarter. Stonegate Investment Group LLC now owns 11,717 shares of the company’s stock valued at $733,000 after purchasing an additional 2,723 shares in the last quarter. 71.72% of the stock is owned by hedge funds and other institutional investors.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.