Citigroup Inc (NYSE:C) – Research analysts at Jefferies Group lowered their Q1 2018 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 $1.54 per share for the quarter, down from their previous estimate of $1.58. Jefferies Group has a “Hold” rating and a $83.00 price objective on the stock.

Citigroup (NYSE:C) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year.

Several other research firms also recently weighed in on C. Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $90.00 to $82.00 in a report on Tuesday. Deutsche Bank set a $74.00 target price on Citigroup and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Co set a $100.00 target price on Citigroup and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $85.00 target price on shares of Citigroup in a research note on Wednesday. Finally, BMO Capital Markets lifted their target price on Citigroup from $75.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average price target of $79.30.

Citigroup (C) traded down $0.08 during mid-day trading on Friday, hitting $77.39. The company had a trading volume of 15,420,400 shares, compared to its average volume of 16,670,225. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $205,970.00, a P/E ratio of -26.78, a P/E/G ratio of 1.21 and a beta of 1.56. Citigroup has a 12-month low of $55.23 and a 12-month high of $78.44.

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Citigroup during the 2nd quarter worth approximately $919,000. Swedbank raised its stake in shares of Citigroup by 17.6% during the 2nd quarter. Swedbank now owns 2,127,262 shares of the financial services provider’s stock worth $142,271,000 after buying an additional 318,777 shares during the period. Trust Department MB Financial Bank N A raised its stake in shares of Citigroup by 1.0% during the 2nd quarter. Trust Department MB Financial Bank N A now owns 198,815 shares of the financial services provider’s stock worth $13,297,000 after buying an additional 2,033 shares during the period. NEXT Financial Group Inc raised its stake in shares of Citigroup by 9.7% during the 2nd quarter. NEXT Financial Group Inc now owns 15,449 shares of the financial services provider’s stock worth $1,033,000 after buying an additional 1,369 shares during the period. Finally, Trust Co. of Vermont raised its stake in shares of Citigroup by 32.9% during the 2nd quarter. Trust Co. of Vermont now owns 12,912 shares of the financial services provider’s stock worth $864,000 after buying an additional 3,198 shares during the period. 78.53% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.65%. Citigroup’s payout ratio is presently -44.29%.

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About Citigroup

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)

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