Jefferies Group Comments on Citigroup Inc’s FY2019 Earnings (C)

Citigroup Inc (NYSE:C) – Stock analysts at Jefferies Group upped their FY2019 earnings per share (EPS) estimates for Citigroup in a research note issued to investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $7.20 for the year, up from their previous estimate of $6.70. Jefferies Group currently has a “Neutral” rating and a $81.00 target price on the stock.

A number of other equities research analysts have also issued reports on C. Credit Suisse Group reissued a “buy” rating and set a $73.00 price target on shares of Citigroup in a research note on Wednesday, September 13th. BidaskClub upgraded Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities restated an “overweight” rating and set a $85.00 target price (up from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Deutsche Bank reiterated a “hold” rating and set a $67.00 price target (up previously from $61.00) on shares of Citigroup in a research note on Tuesday, September 26th. Finally, Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Citigroup presently has an average rating of “Buy” and an average price target of $78.02.

Citigroup (NYSE C) traded up $0.34 during midday trading on Tuesday, reaching $75.65. The company’s stock had a trading volume of 13,894,000 shares, compared to its average volume of 16,730,000. The stock has a market cap of $200,020.00, a PE ratio of 14.58, a PEG ratio of 1.30 and a beta of 1.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.01. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

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

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of Citigroup by 3.8% during the 2nd quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock worth $7,343,721,000 after purchasing an additional 4,061,637 shares during the last quarter. Bank of New York Mellon Corp grew its stake in 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 during the period. Harris Associates L P grew its stake in 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 during the period. Northern Trust Corp grew its stake in Citigroup by 3.1% in the 2nd quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock worth $2,280,461,000 after acquiring an additional 1,011,532 shares during the period. Finally, Boston Partners grew its stake in Citigroup by 3.4% in the 3rd quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock worth $1,788,752,000 after acquiring an additional 817,162 shares during the period. Institutional investors own 78.54% of the company’s stock.

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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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