Citigroup Inc (NYSE:C) – Investment analysts at Oppenheimer issued their Q1 2018 earnings per share estimates for Citigroup in a report released on Tuesday. Oppenheimer analyst C. Kotowski expects that the financial services provider will post earnings of $1.62 per share for the quarter. Oppenheimer also issued estimates for Citigroup’s Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $6.33 EPS and FY2019 earnings at $7.08 EPS.

Several other research firms have also recently commented on C. Atlantic Securities reissued an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reissued a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine raised shares of Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Barclays increased their price target on shares of Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Raymond James Financial began coverage on shares of Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $77.88.

Shares of Citigroup (C) traded up $0.97 during trading on Thursday, reaching $75.56. 6,181,840 shares of the company’s stock traded hands, compared to its average volume of 15,238,150. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $200,220.00, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.29 and a beta of 1.56. Citigroup has a 1 year low of $55.23 and a 1 year high of $77.92.

Citigroup (NYSE:C) last posted its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The business had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Citigroup by 227.4% in the 3rd quarter. Janus Henderson Group PLC now owns 9,629,422 shares of the financial services provider’s stock worth $700,395,000 after purchasing an additional 6,688,305 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Citigroup by 109.5% in the 2nd quarter. Lazard Asset Management LLC now owns 9,292,727 shares of the financial services provider’s stock valued at $621,497,000 after buying an additional 4,856,866 shares in the last quarter. PointState Capital LP acquired a new position in shares of Citigroup in the 2nd quarter valued at approximately $321,322,000. Pioneer Investment Management Inc. raised its position in shares of Citigroup by 2,317.8% in the 2nd quarter. Pioneer Investment Management Inc. now owns 5,002,029 shares of the financial services provider’s stock valued at $334,536,000 after buying an additional 4,795,145 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Citigroup by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,815,133 shares of the financial services provider’s stock valued at $990,836,000 after buying an additional 4,413,329 shares in the last quarter. 78.54% of the stock is owned by institutional investors.

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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.

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