Citigroup Inc (NYSE:C) – Equities research analysts at Oppenheimer upped their Q2 2019 earnings per share estimates for Citigroup in a report issued on Monday, April 15th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $1.83 per share for the quarter, up from their prior estimate of $1.82. Oppenheimer has a “Outperform” rating and a $99.00 price target on the stock. Oppenheimer also issued estimates for Citigroup’s Q4 2019 earnings at $1.78 EPS.
C has been the subject of a number of other research reports. Barclays decreased their price target on shares of Citigroup from $93.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. Wells Fargo & Co downgraded shares of Citigroup to a “buy” rating in a research report on Friday, January 4th. Standpoint Research raised shares of Citigroup from a “hold” rating to a “buy” rating and set a $49.70 price target for the company in a research report on Wednesday, December 26th. Odeon Capital Group started coverage on shares of Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating for the company. Finally, BMO Capital Markets raised shares of Citigroup from a “market perform” rating to an “outperform” rating and set a $58.90 price target for the company in a research report on Tuesday, January 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $80.61.
C stock opened at $69.31 on Wednesday. Citigroup has a twelve month low of $48.42 and a twelve month high of $75.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 0.99. The company has a market cap of $173.17 billion, a PE ratio of 10.42, a P/E/G ratio of 0.80 and a beta of 1.67.
Citigroup (NYSE:C) last released its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. During the same quarter last year, the company earned $1.68 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the business. Evolution Wealth Advisors LLC bought a new stake in Citigroup in the fourth quarter valued at $29,000. Larson Financial Group LLC bought a new stake in Citigroup in the fourth quarter valued at $29,000. Blume Capital Management Inc. lifted its stake in Citigroup by 4,615.4% in the fourth quarter. Blume Capital Management Inc. now owns 613 shares of the financial services provider’s stock valued at $32,000 after buying an additional 600 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Citigroup by 49.5% in the first quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock valued at $38,000 after buying an additional 205 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. bought a new stake in Citigroup in the fourth quarter valued at $32,000. Institutional investors own 71.30% of the company’s stock.
In related news, insider Michael Whitaker sold 7,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider W. Bradford Hu sold 5,420 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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