Citigroup Inc. (NYSE:C – Get Rating) – Jefferies Financial Group decreased their Q1 2022 earnings per share (EPS) estimates for Citigroup in a report released on Monday, April 11th. Jefferies Financial Group analyst K. Usdin now forecasts that the company will earn $1.63 per share for the quarter, down from their previous forecast of $1.75. Jefferies Financial Group currently has a “Hold” rating and a $60.00 target price on the stock. Jefferies Financial Group also issued estimates for Citigroup’s Q2 2022 earnings at $1.59 EPS, Q4 2022 earnings at $1.43 EPS, FY2022 earnings at $6.40 EPS, Q2 2023 earnings at $1.56 EPS, Q4 2023 earnings at $1.49 EPS and FY2023 earnings at $6.70 EPS.
A number of other equities research analysts also recently commented on the company. BMO Capital Markets dropped their price objective on Citigroup from $83.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. Credit Suisse Group lowered their price target on Citigroup from $72.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 7th. Atlantic Securities downgraded Citigroup from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Thursday, March 3rd. Wells Fargo & Company lowered their price target on Citigroup from $80.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, March 14th. Finally, Keefe, Bruyette & Woods downgraded Citigroup from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $81.00 to $64.00 in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Citigroup currently has a consensus rating of “Hold” and a consensus price target of $73.16.
Citigroup (NYSE:C – Get Rating) last released its quarterly earnings data on Friday, January 14th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.43). The company had revenue of $17.02 billion during the quarter, compared to the consensus estimate of $16.78 billion. Citigroup had a net margin of 27.37% and a return on equity of 12.85%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of C. AM Investment Strategies LLC boosted its position in shares of Citigroup by 0.7% during the third quarter. AM Investment Strategies LLC now owns 22,115 shares of the company’s stock worth $1,552,000 after acquiring an additional 148 shares during the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Citigroup by 6.1% during the third quarter. Evolution Wealth Advisors LLC now owns 2,615 shares of the company’s stock worth $184,000 after acquiring an additional 150 shares during the last quarter. SlateStone Wealth LLC boosted its position in shares of Citigroup by 2.6% during the third quarter. SlateStone Wealth LLC now owns 6,190 shares of the company’s stock worth $434,000 after acquiring an additional 155 shares during the last quarter. Hyman Charles D boosted its position in shares of Citigroup by 3.5% during the third quarter. Hyman Charles D now owns 4,711 shares of the company’s stock worth $331,000 after acquiring an additional 158 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of Citigroup by 6.8% during the third quarter. Adirondack Trust Co. now owns 2,635 shares of the company’s stock worth $182,000 after acquiring an additional 167 shares during the last quarter. 72.09% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Sara Wechter sold 14,800 shares of the company’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $68.56, for a total transaction of $1,014,688.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $2.04 annualized dividend and a dividend yield of 4.07%. Citigroup’s dividend payout ratio is currently 20.24%.
Citigroup Company Profile (Get Rating)
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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