Citigroup Inc. (NYSE:C) will release its Q316 earnings data on Friday, October 14th. Analysts expect Citigroup to post earnings of $1.17 per share and revenue of $25.46 billion for the quarter.
Citigroup (NYSE:C) last released its earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The company earned $17.55 billion during the quarter, compared to analyst estimates of $17.47 billion. Citigroup had a return on equity of 7.24% and a net margin of 17.97%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, analysts expect Citigroup to post $4.61 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.
Shares of Citigroup Inc. (NYSE:C) opened at 48.99 on Wednesday. Citigroup Inc. has a 12-month low of $34.52 and a 12-month high of $56.46. The stock has a market cap of $142.33 billion, a price-to-earnings ratio of 10.37 and a beta of 1.86. The stock has a 50 day moving average price of $47.32 and a 200-day moving average price of $44.96.
In related news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the transaction, the insider now owns 35,042 shares in the company, valued at approximately $1,554,112.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in C. Cedar Wealth Management LLC raised its position in shares of Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock worth $111,000 after buying an additional 950 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Citigroup during the second quarter worth about $208,000. FCG Advisors LLC acquired a new position in shares of Citigroup during the second quarter worth about $283,000. Argent Trust Co raised its position in shares of Citigroup by 37.1% in the second quarter. Argent Trust Co now owns 6,806 shares of the financial services provider’s stock worth $288,000 after buying an additional 1,842 shares during the last quarter. Finally, Vaughan David Investments Inc. IL raised its position in shares of Citigroup by 23.0% in the second quarter. Vaughan David Investments Inc. IL now owns 7,006 shares of the financial services provider’s stock worth $297,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.
Several research analysts recently weighed in on C shares. Credit Agricole SA boosted their price objective on shares of Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, September 23rd. Nomura dropped their price objective on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, September 7th. Jefferies Group boosted their price objective on shares of Citigroup from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday. Goldman Sachs Group Inc. cut shares of Citigroup from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $52.00 to $50.00 in a research report on Friday, September 16th. Finally, TheStreet upgraded shares of Citigroup from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.76.
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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