FY2017 EPS Estimates for Citigroup Inc. (C) Boosted by Analyst
Citigroup Inc. (NYSE:C) – Research analysts at Oppenheimer Holdings raised their FY2017 earnings per share (EPS) estimates for shares of Citigroup in a research report issued on Monday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the firm will post earnings of $5.17 per share for the year, up from their previous forecast of $5.14. Oppenheimer Holdings currently has a “Outperform” rating and a $63.00 target price on the stock.
Several other research analysts also recently weighed in on C. Credit Suisse Group AG restated a “buy” rating on shares of Citigroup in a research report on Saturday, July 9th. Deutsche Bank AG restated a “hold” rating on shares of Citigroup in a research report on Sunday, June 26th. Jefferies Group restated a “buy” rating on shares of Citigroup in a research report on Sunday, July 10th. Vetr downgraded shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $47.21 price target for the company. in a research report on Monday, July 11th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Citigroup in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.39.
Citigroup (NYSE:C) traded up 0.194% during mid-day trading on Wednesday, hitting $49.165. 5,583,895 shares of the stock traded hands. The stock has a 50-day moving average price of $47.09 and a 200-day moving average price of $44.80. The stock has a market cap of $142.84 billion, a P/E ratio of 10.405 and a beta of 1.86. Citigroup has a 12 month low of $34.52 and a 12 month high of $56.46.
Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The business earned $17.55 billion during the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of C. Emerald Acquisition Ltd. acquired a new position in shares of Citigroup during the second quarter valued at about $500,315,000. Vanguard Group Inc. increased its position in shares of Citigroup by 3.5% in the second quarter. Vanguard Group Inc. now owns 175,049,494 shares of the financial services provider’s stock valued at $7,420,348,000 after buying an additional 5,872,249 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Citigroup by 38.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 17,929,535 shares of the financial services provider’s stock valued at $760,033,000 after buying an additional 4,966,503 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Citigroup during the first quarter valued at about $199,573,000. Finally, TIAA CREF Investment Management LLC increased its position in shares of Citigroup by 39.8% in the second quarter. TIAA CREF Investment Management LLC now owns 15,857,100 shares of the financial services provider’s stock valued at $672,182,000 after buying an additional 4,510,455 shares during the last quarter. 71.41% of the stock is currently owned by institutional investors.
In related news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the transaction, the insider now directly owns 35,042 shares of the company’s stock, valued at approximately $1,554,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.
Citigroup Inc (Citi) is a financial services holding company. The Company’s 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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