FY2024 EPS Estimates for Citigroup Lifted by Seaport Res Ptn

Citigroup Inc. (NYSE:C) – Seaport Res Ptn boosted their FY2024 earnings estimates for shares of Citigroup in a report issued on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now expects that the company will post earnings per share of $5.87 for the year, up from their previous estimate of $5.77. The consensus estimate for Citigroup’s current full-year earnings is $5.86 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q1 2025 earnings at $1.88 EPS, Q3 2025 earnings at $2.00 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.60 EPS and FY2026 earnings at $10.05 EPS.

Citigroup (NYSE:C) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company had revenue of $20.32 billion for the quarter, compared to analysts’ expectations of $19.86 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The business’s revenue was up .9% compared to the same quarter last year.

Several other analysts also recently issued reports on C. Morgan Stanley cut their target price on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Barclays upgraded Citigroup from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Piper Sandler upped their target price on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and an average target price of $80.13.

Citigroup Stock Down 2.5 %

Shares of Citigroup stock opened at $71.43 on Friday. Citigroup has a 12-month low of $50.51 and a 12-month high of $74.29. The firm has a market capitalization of $135.09 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The stock’s fifty day moving average is $70.19 and its 200-day moving average is $65.02.

Citigroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, November 4th. Citigroup’s dividend payout ratio is presently 64.93%.

Institutional Investors Weigh In On Citigroup

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in shares of Citigroup during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Citigroup during the second quarter valued at $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citigroup in the 3rd quarter valued at $31,000. Strategic Financial Concepts LLC grew its holdings in shares of Citigroup by 1,139.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 52,738 shares of the company’s stock worth $33,000 after purchasing an additional 48,484 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Citigroup by 184.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 568 shares of the company’s stock worth $36,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.