Citigroup Inc (NYSE:C) – Investment analysts at Jefferies Financial Group dropped their FY2019 EPS estimates for shares of Citigroup in a report released on Tuesday, January 7th. Jefferies Financial Group analyst K. Usdin now forecasts that the financial services provider will post earnings of $7.49 per share for the year, down from their prior estimate of $7.59. Jefferies Financial Group also issued estimates for Citigroup’s Q2 2020 earnings at $2.00 EPS and Q3 2020 earnings at $2.19 EPS.
Several other analysts have also weighed in on the stock. Goldman Sachs Group lifted their price objective on shares of Citigroup from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada restated a “buy” rating and set a $84.00 price target on shares of Citigroup in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and set a $90.00 price target (up previously from $84.00) on shares of Citigroup in a research note on Monday, November 18th. Bank of America boosted their price target on shares of Citigroup from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Citigroup from $77.50 to $84.50 and gave the company an “overweight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $86.24.
NYSE:C opened at $80.08 on Thursday. The company has a fifty day moving average of $77.25 and a 200-day moving average of $71.33. The firm has a market capitalization of $171.95 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.80 and a beta of 1.81. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.36. Citigroup has a twelve month low of $55.70 and a twelve month high of $81.26.
Citigroup (NYSE:C) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.12. The company had revenue of $18.57 billion during the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. Citigroup’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of C. Nuveen Asset Management LLC grew its stake in shares of Citigroup by 1,638.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 23,014,050 shares of the financial services provider’s stock worth $1,611,674,000 after acquiring an additional 21,690,409 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Citigroup by 27.8% in the 2nd quarter. Invesco Ltd. now owns 48,104,326 shares of the financial services provider’s stock worth $3,368,746,000 after buying an additional 10,457,813 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Citigroup by 81.7% in the 2nd quarter. APG Asset Management N.V. now owns 9,426,403 shares of the financial services provider’s stock worth $579,672,000 after buying an additional 4,238,700 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Citigroup by 29.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 10,228,198 shares of the financial services provider’s stock worth $716,281,000 after buying an additional 2,322,201 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in shares of Citigroup by 287.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,585,216 shares of the financial services provider’s stock worth $181,043,000 after buying an additional 1,917,339 shares during the last quarter. Hedge funds and other institutional investors own 76.96% of the company’s stock.
About Citigroup
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).