Citigroup Inc (NYSE:C) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Citigroup in a report released on Tuesday, according to Zacks Investment Research. Jefferies Group analyst K. Usdin anticipates that the financial services provider will post earnings per share of $1.58 for the quarter. Jefferies Group has a “Hold” rating and a $83.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.59 EPS and Q4 2018 earnings at $1.39 EPS.
A number of other research analysts also recently issued reports on the stock. Raymond James Financial started coverage on shares of Citigroup in a research report on Tuesday, October 31st. They issued a “hold” rating on the stock. Morgan Stanley lifted their price objective on shares of Citigroup from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Nomura lifted their price objective on shares of Citigroup to $84.00 and gave the company a “buy” rating in a research report on Monday, December 11th. BMO Capital Markets lifted their price objective on shares of Citigroup from $65.00 to $67.00 and gave the company a “market perform” rating in a research report on Friday, October 13th. Finally, Vetr upgraded shares of Citigroup from a “hold” rating to a “buy” rating and set a $80.92 price objective on the stock in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $79.30.
Citigroup (NYSE:C) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s payout ratio is -44.29%.
Institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC increased its stake in 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 buying an additional 2,367 shares during the period. Principal Financial Group Inc. increased its stake in Citigroup by 5.2% during 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 buying an additional 205,298 shares during the period. Bank of Hawaii grew its stake in shares of Citigroup by 52.2% in the 2nd quarter. Bank of Hawaii now owns 6,536 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 2,242 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Citigroup by 41.0% in the 2nd quarter. Norinchukin Bank The now owns 137,279 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 39,898 shares during the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of Citigroup by 2.8% in the 3rd quarter. Advisors Capital Management LLC now owns 186,424 shares of the financial services provider’s stock worth $13,560,000 after purchasing 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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