Citigroup Inc. (NYSE:C) – Analysts at Jefferies Group cut their Q4 2016 earnings per share (EPS) estimates for Citigroup in a note issued to investors on Monday. Jefferies Group analyst K. Usdin now expects that the firm will post earnings per share of $1.07 for the quarter, down from their prior forecast of $1.08. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $5.80 EPS.
Several other equities analysts have also weighed in on C. Deutsche Bank AG reaffirmed a “hold” rating on shares of Citigroup in a research report on Wednesday, June 15th. Zacks Investment Research lowered shares of Citigroup from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Buckingham Research reaffirmed a “buy” rating on shares of Citigroup in a research report on Tuesday, June 21st. Vetr lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 price objective on the stock. in a research report on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $63.00 price target (down previously from $70.00) on shares of Citigroup in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.76.
Shares of Citigroup (NYSE:C) traded down 1.40% during mid-day trading on Tuesday, hitting $48.02. 9,173,570 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $47.38 and a 200-day moving average price of $44.98. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46. The company has a market capitalization of $139.52 billion, a price-to-earnings ratio of 10.16 and a beta of 1.86.
Citigroup (NYSE:C) last issued its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. The company had revenue of $17.55 billion for the quarter, compared to analysts’ expectations of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total transaction of $360,210.70. Following the completion of the sale, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Citigroup by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 12,083,668 shares of the financial services provider’s stock valued at $206,341,000 after buying an additional 738,298 shares during the last quarter. Boston Advisors LLC bought a new position in Citigroup during the second quarter valued at about $10,755,000. Sanders Capital LLC raised its position in Citigroup by 0.6% in the second quarter. Sanders Capital LLC now owns 16,006,239 shares of the financial services provider’s stock valued at $693,526,000 after buying an additional 89,414 shares during the last quarter. Legal & General Group Plc raised its position in Citigroup by 2.1% in the first quarter. Legal & General Group Plc now owns 14,126,657 shares of the financial services provider’s stock valued at $589,847,000 after buying an additional 289,283 shares during the last quarter. Finally, Orbis Allan Gray Ltd bought a new position in Citigroup during the first quarter valued at about $181,532,000. Institutional investors own 71.41% of the company’s stock.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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