Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group lowered their Q4 2017 EPS estimates for Citigroup in a report released on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.24. Jefferies Group has a “Neutral” rating and a $81.00 price target on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.
C has been the subject of several other research reports. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price target (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays boosted their target price on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial initiated coverage on shares of Citigroup in a research note on Tuesday, October 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.02.
Citigroup (NYSE:C) opened at $75.31 on Wednesday. The stock has a market capitalization of $199,120.00, a price-to-earnings ratio of 14.51, a PEG ratio of 1.30 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. Citigroup has a one year low of $55.23 and a one year high of $77.92.
Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion during the quarter, compared to the consensus estimate of $17.87 billion. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Catamount Wealth Management purchased a new stake in shares of Citigroup during the 2nd quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,030 shares during the period. Balentine LLC grew its holdings in shares of Citigroup by 20.2% during the 2nd quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 272 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 300 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Citigroup during the 2nd quarter worth about $123,000. Institutional investors own 78.54% of the company’s stock.
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Citigroup Company Profile
Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
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