Citigroup Inc (NYSE:C) – Research analysts at Oppenheimer cut their Q2 2018 earnings per share estimates for Citigroup in a research note issued on Tuesday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $1.55 for the quarter, down from their previous estimate of $1.60. Oppenheimer also issued estimates for Citigroup’s Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.58 EPS and FY2019 earnings at $7.15 EPS.
A number of other research analysts have also recently commented on C. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 price objective (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Deutsche Bank reaffirmed a “hold” rating and set a $67.00 price objective (up from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Raymond James Financial reaffirmed an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Citigroup in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $79.30.
Citigroup (NYSE:C) traded down $0.20 during midday trading on Thursday, reaching $77.27. The company had a trading volume of 6,786,049 shares, compared to its average volume of 16,783,809. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11. Citigroup has a one year low of $55.23 and a one year high of $78.44. The stock has a market cap of $204,330.00, a PE ratio of -26.74, a PEG ratio of 1.23 and a beta of 1.56.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.36% and a negative net margin of 7.05%. The company had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Analysts LLC increased its position in shares of Citigroup by 5.4% during the 2nd quarter. Capital Analysts LLC now owns 45,844 shares of the financial services provider’s stock valued at $3,066,000 after purchasing an additional 2,367 shares during the last quarter. Principal Financial Group Inc. grew its position in Citigroup by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 4,152,299 shares of the financial services provider’s stock valued at $277,705,000 after acquiring an additional 205,298 shares during the last quarter. Bank of Hawaii grew its position in Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,242 shares during the last quarter. Norinchukin Bank The grew its position in Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock valued at $9,181,000 after acquiring an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC grew its position in Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock valued at $13,560,000 after acquiring an additional 5,125 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.
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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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