Q1 2017 EPS Estimates for Citigroup Inc. Cut by Analyst (C)
Citigroup Inc. (NYSE:C) – Stock analysts at Jefferies Group dropped their Q1 2017 earnings per share estimates for Citigroup in a research note issued on Monday. Jefferies Group analyst K. Usdin now expects that the firm will post earnings of $1.37 per share for the quarter, down from their prior estimate of $1.38. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s Q2 2017 earnings at $1.32 EPS, Q3 2017 earnings at $1.31 EPS and FY2017 earnings at $5.20 EPS.
Citigroup (NYSE:C) last announced its earnings results on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The company earned $17.80 billion during the quarter, compared to the consensus estimate of $17.32 billion. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share.
Several other analysts have also recently weighed in on the stock. Argus reiterated a “hold” rating on shares of Citigroup in a report on Tuesday. Vetr upgraded shares of Citigroup from a “sell” rating to a “hold” rating and set a $47.03 price target on the stock in a report on Monday. Compass Point assumed coverage on shares of Citigroup in a report on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price target on the stock. Nomura reiterated a “buy” rating and issued a $55.00 price target on shares of Citigroup in a report on Thursday, September 29th. Finally, Credit Agricole SA lifted their price target on shares of Citigroup from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $54.76.
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Citigroup (NYSE:C) traded up 0.936% during trading on Tuesday, reaching $49.055. 12,966,436 shares of the company traded hands. The firm has a market capitalization of $142.52 billion, a price-to-earnings ratio of 10.382 and a beta of 1.86. Citigroup has a 52 week low of $34.52 and a 52 week high of $56.46. The company’s 50-day moving average price is $47.53 and its 200 day moving average price is $45.15.
In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the completion of the transaction, the insider now directly owns 35,042 shares in the company, valued at approximately $1,554,112.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of C. BKD Wealth Advisors LLC increased its position in Citigroup by 17.7% in the third quarter. BKD Wealth Advisors LLC now owns 6,877 shares of the financial services provider’s stock worth $325,000 after buying an additional 1,036 shares in the last quarter. Rothschild Investment Corp IL increased its position in Citigroup by 1.0% in the third quarter. Rothschild Investment Corp IL now owns 24,939 shares of the financial services provider’s stock worth $1,178,000 after buying an additional 256 shares in the last quarter. Westwood Management Corp IL purchased a new position in Citigroup during the third quarter worth approximately $338,000. Capital Investment Advisors LLC increased its position in Citigroup by 138.3% in the third quarter. Capital Investment Advisors LLC now owns 41,306 shares of the financial services provider’s stock worth $1,951,000 after buying an additional 23,973 shares in the last quarter. Finally, Tesco Pension Investment Ltd purchased a new position in Citigroup during the third quarter worth approximately $138,532,000. Institutional investors and hedge funds own 71.26% 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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