Citigroup Inc (NYSE:C) – Investment analysts at Jefferies Financial Group lowered their Q3 2019 earnings per share (EPS) estimates for shares of Citigroup in a research report issued to clients and investors on Tuesday, July 9th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $1.97 for the quarter, down from their previous estimate of $2.04. Jefferies Financial Group also issued estimates for Citigroup’s Q4 2019 earnings at $1.88 EPS and FY2019 earnings at $7.55 EPS.
Several other research firms have also commented on C. Goldman Sachs Group upgraded shares of UCB S A/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 30th. Oppenheimer set a $15.00 price objective on shares of Strongbridge Biopharma and gave the company a “buy” rating in a research report on Tuesday, March 26th. BMO Capital Markets increased their price objective on shares of Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Odeon Capital Group assumed coverage on shares of Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating for the company. Finally, Wells Fargo & Co set a $90.00 price objective on shares of Citigroup and gave the company a “buy” rating in a research report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.18.
C stock opened at $71.77 on Friday. Citigroup has a 52 week low of $48.42 and a 52 week high of $75.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $67.50. The company has a market capitalization of $165.97 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.79 and a beta of 1.74.
Citigroup (NYSE:C) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $18.56 billion. During the same quarter last year, the business earned $1.68 earnings per share. Citigroup’s quarterly revenue was down 1.6% compared to the same quarter last year.
In other news, CEO Stephen Bird sold 30,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $69.33, for a total value of $2,079,900.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
A number of hedge funds have recently bought and sold shares of C. Norges Bank purchased a new position in Citigroup in the 4th quarter worth about $1,383,526,000. ValueAct Holdings L.P. increased its stake in Citigroup by 20.2% in the 4th quarter. ValueAct Holdings L.P. now owns 31,525,500 shares of the financial services provider’s stock worth $1,641,218,000 after buying an additional 5,300,000 shares during the period. Lakewood Capital Management LP increased its stake in Citigroup by 75.1% in the 4th quarter. Lakewood Capital Management LP now owns 6,071,500 shares of the financial services provider’s stock worth $316,082,000 after buying an additional 2,605,000 shares during the period. CI Investments Inc. increased its stake in Citigroup by 113.5% in the 4th quarter. CI Investments Inc. now owns 3,414,800 shares of the financial services provider’s stock worth $177,774,000 after buying an additional 1,815,543 shares during the period. Finally, SG Americas Securities LLC increased its stake in Citigroup by 106.2% in the 1st quarter. SG Americas Securities LLC now owns 84,439 shares of the financial services provider’s stock worth $5,254,000 after buying an additional 1,456,722 shares during the period. 75.99% of the stock is currently owned by institutional investors.
Citigroup Company Profile
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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