Citigroup Inc (NYSE:C) – Research analysts at Oppenheimer dropped their Q3 2019 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Monday, April 15th. Oppenheimer analyst C. Kotowski now expects that the financial services provider will earn $2.04 per share for the quarter, down from their previous forecast of $2.08. Oppenheimer currently has a “Outperform” rating and a $99.00 target price on the stock. Oppenheimer also issued estimates for Citigroup’s FY2019 earnings at $7.52 EPS and FY2020 earnings at $8.58 EPS.
C has been the topic of a number of other reports. Jefferies Financial Group upped their price objective on Citigroup to $64.00 and gave the company a “hold” rating in a report on Tuesday, January 15th. BMO Capital Markets increased their target price on Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a report on Monday. ValuEngine raised Citigroup from a “sell” rating to a “hold” rating in a research note on Thursday. HSBC set a $76.00 price objective on Citigroup and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley dropped their target price on Citigroup from $81.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, January 8th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Citigroup has a consensus rating of “Buy” and a consensus price target of $80.61.
Citigroup (NYSE:C) last announced its quarterly earnings data on Monday, April 15th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The company had revenue of $18.58 billion for the quarter, compared to analysts’ expectations of $18.56 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The business’s revenue was down 1.6% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of C. HighPoint Advisor Group LLC raised its holdings in Citigroup by 24.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,878 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 1,552 shares during the period. RWC Asset Management LLP grew its position in shares of Citigroup by 13.4% during the fourth quarter. RWC Asset Management LLP now owns 420,019 shares of the financial services provider’s stock valued at $21,866,000 after purchasing an additional 49,563 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Citigroup during the fourth quarter valued at about $2,515,000. Trinity Street Asset Management LLP grew its position in shares of Citigroup by 0.7% during the fourth quarter. Trinity Street Asset Management LLP now owns 419,840 shares of the financial services provider’s stock valued at $21,856,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Personal Capital Advisors Corp grew its position in shares of Citigroup by 21.2% during the fourth quarter. Personal Capital Advisors Corp now owns 4,477 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 784 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.
In other Citigroup news, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $64.27, for a total transaction of $348,343.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Whitaker sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total value of $442,680.00. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.56%. Citigroup’s payout ratio is currently 27.07%.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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