Seaport Res Ptn Forecasts Citigroup’s Q1 Earnings (NYSE:C)

Citigroup Inc. (NYSE:C) – Equities researchers at Seaport Res Ptn boosted their Q1 2025 earnings estimates for shares of Citigroup in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now anticipates that the company will post earnings per share of $1.88 for the quarter, up from their previous forecast of $1.80. The consensus estimate for Citigroup’s current full-year earnings is $7.53 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q4 2025 earnings at $1.98 EPS.

A number of other brokerages have also recently issued reports on C. Bank of America lowered their price objective on Citigroup from $90.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Evercore ISI lowered their price target on shares of Citigroup from $79.00 to $76.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. The Goldman Sachs Group cut their price objective on shares of Citigroup from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Morgan Stanley reduced their price objective on shares of Citigroup from $110.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, StockNews.com downgraded Citigroup from a “buy” rating to a “hold” rating in a research report on Sunday, March 30th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.23.

Citigroup Trading Down 8.0 %

Shares of C stock opened at $58.00 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.50. The firm has a market cap of $109.17 billion, a P/E ratio of 9.75, a PEG ratio of 0.64 and a beta of 1.29. The company has a 50 day moving average of $75.61 and a 200-day moving average of $71.11. Citigroup has a 12-month low of $53.51 and a 12-month high of $84.74.

Citigroup (NYSE:C) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.12. The company had revenue of $19.58 billion during the quarter, compared to analyst estimates of $19.51 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share.

Citigroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 5th will be given a $0.56 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.24 annualized dividend and a yield of 3.86%. Citigroup’s dividend payout ratio (DPR) is presently 37.65%.

Citigroup announced that its Board of Directors has approved a stock buyback program on Wednesday, January 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Citigroup

In other news, CFO Mark Mason sold 58,465 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $83.21, for a total value of $4,864,872.65. Following the transaction, the chief financial officer now owns 217,331 shares in the company, valued at approximately $18,084,112.51. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sara Wechter sold 15,125 shares of Citigroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $81.01, for a total transaction of $1,225,276.25. Following the completion of the transaction, the insider now directly owns 109,780 shares in the company, valued at approximately $8,893,277.80. The trade was a 12.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 103,590 shares of company stock worth $8,523,149. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Citigroup

A number of large investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its stake in Citigroup by 1,188.9% in the third quarter. Benjamin Edwards Inc. now owns 11,561 shares of the company’s stock worth $724,000 after acquiring an additional 10,664 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Citigroup by 109.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 36,395 shares of the company’s stock worth $2,278,000 after purchasing an additional 19,053 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Citigroup during the 3rd quarter valued at about $336,000. Legacy Investment Solutions LLC bought a new stake in shares of Citigroup during the 3rd quarter valued at about $31,000. Finally, Hodges Capital Management Inc. purchased a new position in shares of Citigroup during the third quarter valued at about $452,000. Institutional investors own 71.72% of the company’s stock.

About Citigroup

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.