Citigroup Inc (NYSE:C) – Stock analysts at Oppenheimer reduced their Q2 2018 earnings per share estimates for shares of Citigroup in a report issued on Tuesday. Oppenheimer analyst C. Kotowski now anticipates that the financial services provider will post earnings per share of $1.55 for the quarter, down from their prior estimate of $1.60. Oppenheimer also issued estimates for Citigroup’s Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.58 EPS and FY2019 earnings at $7.15 EPS.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a report on Monday, October 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. Credit Suisse Group reaffirmed a “buy” rating and issued a $83.00 price target (up previously from $73.00) on shares of Citigroup in a report on Monday, October 9th. They noted that the move was a valuation call. Nomura upped their price target on Citigroup from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub cut Citigroup from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.30.

Citigroup (C) opened at $78.30 on Thursday. The stock has a market capitalization of $207,030.00, a PE ratio of -27.09, a PEG ratio of 1.47 and a beta of 1.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a positive return on equity of 7.60% and a negative net margin of 7.05%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, February 2nd. This represents a $1.28 annualized dividend and a yield of 1.63%. Citigroup’s dividend payout ratio (DPR) is currently -44.29%.

A number of large investors have recently bought and sold shares of C. Catamount Wealth Management purchased a new stake in shares of Citigroup in the second quarter valued at approximately $100,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Citigroup by 206.0% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,030 shares in the last quarter. Balentine LLC grew its position in shares of Citigroup by 20.2% in the second quarter. Balentine LLC now owns 1,617 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 272 shares in the last quarter. Acrospire Investment Management LLC grew its position in shares of Citigroup by 21.4% in the second quarter. Acrospire Investment Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 300 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in shares of Citigroup in the fourth quarter valued at approximately $117,000. Institutional investors own 78.53% of the company’s stock.

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About Citigroup

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.

Earnings History and Estimates for Citigroup (NYSE:C)

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