Citigroup (NYSE:C) – Equities researchers at Jefferies Group lowered their Q3 2018 earnings per share (EPS) estimates for shares of Citigroup in a research report issued on Sunday, April 15th. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $1.62 per share for the quarter, down from their prior forecast of $1.64. Jefferies Group currently has a “Hold” rating and a $83.00 price target on the stock. Jefferies Group also issued estimates for Citigroup’s Q4 2018 earnings at $1.55 EPS.
C has been the subject of several other reports. ValuEngine upgraded Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays raised their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Vertical Group downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. UBS upgraded Citigroup from a “neutral” rating to a “buy” rating and raised their target price for the company from $78.00 to $80.00 in a research note on Thursday, April 5th. Finally, Credit Suisse Group restated a “buy” rating and set a $86.00 target price on shares of Citigroup in a research note on Thursday, January 4th. Two 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.01.
Shares of Citigroup stock opened at $68.98 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $180,084.52, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. Citigroup has a 1-year low of $57.55 and a 1-year high of $80.70.
Citigroup (NYSE:C) last announced its earnings results on Friday, April 13th. The financial services provider reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.89 billion. Citigroup had a positive return on equity of 8.13% and a negative net margin of 6.28%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share.
Large investors have recently bought and sold shares of the stock. Sawyer & Company Inc acquired a new position in Citigroup in the fourth quarter valued at approximately $117,000. Baldwin Brothers Inc. MA boosted its stake in 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 acquiring an additional 750 shares during the period. Risk Paradigm Group LLC boosted its stake in 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 acquiring an additional 1,733 shares during the period. Lee Financial Co boosted its stake in 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 acquiring an additional 813 shares during the period. Finally, Omnia Family Wealth LLC boosted its stake in 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 acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.
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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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