FY2024 EPS Estimates for Citigroup Increased by Analyst

Citigroup Inc. (NYSE:C) – Seaport Res Ptn boosted their FY2024 EPS estimates for shares of Citigroup in a report released on Wednesday, October 16th. Seaport Res Ptn analyst J. Mitchell now expects that the company will post earnings of $5.77 per share for the year, up from their prior forecast of $5.70. The consensus estimate for Citigroup’s current full-year earnings is $5.76 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q4 2024 earnings at $1.16 EPS and Q2 2025 earnings at $1.89 EPS.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer reduced their price objective on shares of Citigroup from $92.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their price target on shares of Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Morgan Stanley decreased their price objective on shares of Citigroup from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday. Barclays boosted their target price on Citigroup from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Argus increased their price target on Citigroup from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.06.

Citigroup Trading Down 1.8 %

Shares of C stock opened at $62.85 on Friday. Citigroup has a 1 year low of $38.17 and a 1 year high of $67.81. The firm has a market capitalization of $119.87 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.44. The stock has a fifty day moving average of $61.35 and a two-hundred day moving average of $61.92. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.94 and a current ratio of 0.94.

Citigroup (NYSE:C) last issued 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 return on equity of 6.26% and a net margin of 4.95%. The business had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.86 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up .9% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MONECO Advisors LLC boosted its stake in shares of Citigroup by 2.9% in the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock valued at $352,000 after purchasing an additional 157 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after acquiring an additional 164 shares during the period. NorthRock Partners LLC grew its holdings in Citigroup by 2.7% during the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after acquiring an additional 165 shares during the period. Legacy Capital Group California Inc. raised its position in shares of Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock valued at $1,053,000 after acquiring an additional 169 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of Citigroup by 7.1% in the 3rd quarter. Grove Bank & Trust now owns 2,564 shares of the company’s stock valued at $161,000 after purchasing an additional 170 shares during the period. 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.