Citigroup Inc. (NYSE:C) – Equities research analysts at Jefferies Group increased their Q3 2017 EPS estimates for Citigroup in a report released on Tuesday. Jefferies Group analyst K. Usdin now expects that the financial services provider will post earnings of $1.37 per share for the quarter, up from their prior forecast of $1.25. Jefferies Group has a “Hold” rating and a $81.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s Q4 2017 earnings at $1.21 EPS and FY2017 earnings at $5.20 EPS.

Citigroup (NYSE:C) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $17.90 billion for the quarter, compared to analysts’ expectations of $17.38 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.32%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS.

TRADEMARK VIOLATION NOTICE: “Jefferies Group Equities Analysts Increase Earnings Estimates for Citigroup Inc. (C)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/12/jefferies-group-equities-analysts-increase-earnings-estimates-for-citigroup-inc-c.html.

Other research analysts have also issued research reports about the company. Buckingham Research reaffirmed a “buy” rating and set a $81.00 price objective (up previously from $70.00) on shares of Citigroup in a report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price objective on shares of Citigroup in a report on Friday, July 14th. Vetr lowered Citigroup from a “strong-buy” rating to a “buy” rating and set a $73.42 price objective on the stock. in a report on Monday, July 3rd. BidaskClub raised Citigroup from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, Nomura upped their price objective on Citigroup from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Citigroup has a consensus rating of “Buy” and a consensus price target of $74.17.

Shares of Citigroup (NYSE C) opened at 74.94 on Thursday. Citigroup has a 52 week low of $47.54 and a 52 week high of $76.02. The stock’s 50 day moving average is $70.52 and its 200-day moving average is $65.19. The firm has a market cap of $204.18 billion, a PE ratio of 15.00 and a beta of 1.45.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Citigroup by 2,718.7% in the 1st quarter. BlackRock Inc. now owns 196,415,461 shares of the financial services provider’s stock worth $11,749,573,000 after acquiring an additional 189,447,104 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Citigroup by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 183,198,941 shares of the financial services provider’s stock worth $10,958,960,000 after acquiring an additional 4,391,347 shares in the last quarter. FMR LLC grew its position in shares of Citigroup by 3.8% in the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after acquiring an additional 4,061,637 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Citigroup by 6.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock worth $3,083,874,000 after acquiring an additional 2,943,282 shares in the last quarter. Finally, Harris Associates L P grew its position in shares of Citigroup by 0.5% in the 2nd quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock worth $2,765,551,000 after acquiring an additional 221,171 shares in the last quarter. Institutional investors own 75.37% of the company’s stock.

In other Citigroup news, insider Jeffrey R. Walsh sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $68.97, for a total transaction of $344,850.00. Following the completion of the sale, the insider now owns 56,394 shares in the company, valued at approximately $3,889,494.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Francisco Aristeguieta sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $67.55, for a total value of $2,702,000.00. Following the sale, the chief executive officer now owns 77,570 shares of the company’s stock, valued at approximately $5,239,853.50. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Citigroup declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $15.60 billion in shares. This repurchase authorization permits the financial services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Citigroup Company Profile

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.

Earnings History and Estimates for Citigroup (NYSE:C)

Receive News & Ratings for Citigroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.