Citigroup Inc (NYSE:C) – Equities research analysts at Jefferies Group raised their Q2 2018 earnings estimates for shares of Citigroup in a report issued on Tuesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings per share of $1.55 for the quarter, up from their prior estimate of $1.54. Jefferies Group currently has a “Hold” rating and a $83.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $7.30 EPS.
Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share.
Shares of Citigroup (NYSE:C) opened at $78.30 on Thursday. The stock has a market capitalization of $207,030.00, a price-to-earnings ratio of -27.09, a PEG ratio of 1.47 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a 52 week low of $55.23 and a 52 week high of $78.44.
Hedge funds have recently modified their holdings of the business. Catamount Wealth Management purchased a new position in shares of Citigroup during the second quarter worth about $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Citigroup by 206.0% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,030 shares during the last quarter. Balentine LLC grew its holdings in shares of Citigroup by 20.2% during the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock worth $108,000 after buying an additional 272 shares during the last quarter. Acrospire Investment Management LLC grew its holdings in shares of Citigroup by 21.4% during the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock worth $114,000 after buying an additional 300 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Citigroup during the fourth quarter worth about $117,000. 78.53% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 2nd. Citigroup’s payout ratio is -44.29%.
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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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