Citigroup Inc. (NYSE:C – Get Rating) – Equities researchers at Jefferies Financial Group increased their Q2 2022 earnings per share estimates for shares of Citigroup in a report released on Monday, July 11th. Jefferies Financial Group analyst K. Usdin now forecasts that the company will earn $1.65 per share for the quarter, up from their prior estimate of $1.51. The consensus estimate for Citigroup’s current full-year earnings is $6.71 per share. Jefferies Financial Group also issued estimates for Citigroup’s FY2022 earnings at $6.47 EPS, Q2 2023 earnings at $1.65 EPS, Q3 2023 earnings at $1.45 EPS, Q4 2023 earnings at $1.35 EPS and FY2023 earnings at $6.40 EPS.
Citigroup (NYSE:C – Get Rating) last issued its earnings results on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.28. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The firm had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.12 billion. During the same period in the previous year, the firm posted $3.62 earnings per share. The business’s revenue was down 2.6% compared to the same quarter last year.
A number of other research firms also recently commented on C. BMO Capital Markets lowered their target price on Citigroup from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, April 18th. Wells Fargo & Company lowered their price objective on Citigroup from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Credit Suisse Group downgraded Citigroup from an “outperform” rating to a “neutral” rating and set a $58.00 price target for the company. in a research report on Friday, May 27th. StockNews.com assumed coverage on shares of Citigroup in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of Citigroup from a “b-” rating to a “c+” rating in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Citigroup presently has a consensus rating of “Hold” and an average price target of $65.48.
NYSE C opened at $45.50 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.92 and a quick ratio of 0.92. Citigroup has a 1-year low of $44.66 and a 1-year high of $74.64. The business has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $55.50. The stock has a market capitalization of $90.13 billion, a PE ratio of 5.37, a P/E/G ratio of 0.61 and a beta of 1.60.
Large investors have recently bought and sold shares of the company. AM Investment Strategies LLC boosted its position in shares of Citigroup by 0.7% during the 4th quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock valued at $1,345,000 after purchasing an additional 164 shares in the last quarter. Affinity Investment Advisors LLC boosted its holdings in Citigroup by 3.5% during the fourth quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock worth $307,000 after buying an additional 172 shares in the last quarter. Connable Office Inc. grew its position in Citigroup by 0.3% in the fourth quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock worth $3,501,000 after buying an additional 196 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in shares of Citigroup by 3.0% in the first quarter. Keudell Morrison Wealth Management now owns 6,838 shares of the company’s stock valued at $365,000 after buying an additional 199 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its position in shares of Citigroup by 4.1% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 5,077 shares of the company’s stock valued at $307,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.
Citigroup Company Profile (Get Rating)
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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