Seaport Res Ptn Analysts Lower Earnings Estimates for Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) – Stock analysts at Seaport Res Ptn decreased their Q1 2025 earnings estimates for Citigroup in a research report issued to clients and investors on Saturday, April 13th. Seaport Res Ptn analyst J. Mitchell now forecasts that the company will post earnings of $2.02 per share for the quarter, down from their previous estimate of $2.07. The consensus estimate for Citigroup’s current full-year earnings is $5.73 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q2 2025 earnings at $1.93 EPS.

Other research analysts have also recently issued reports about the stock. Evercore ISI lifted their target price on shares of Citigroup from $58.00 to $60.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Citigroup in a report on Monday, April 1st. Piper Sandler lifted their target price on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of Citigroup from $54.00 to $66.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.91.

Citigroup Stock Down 2.7 %

Shares of Citigroup stock opened at $56.98 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $109.13 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. Citigroup has a 52-week low of $38.17 and a 52-week high of $63.90. The company has a 50-day simple moving average of $58.04 and a two-hundred day simple moving average of $50.93.

Citigroup (NYSE:C) last issued its earnings results on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.29. The business had revenue of $21.10 billion during the quarter, compared to analysts’ expectations of $20.46 billion. Citigroup had a net margin of 4.90% and a return on equity of 6.17%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Snider Financial Group increased its stake in shares of Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Citigroup by 1.5% in the first quarter. Geode Capital Management LLC now owns 35,179,006 shares of the company’s stock worth $1,646,775,000 after purchasing an additional 519,202 shares in the last quarter. Morgan Stanley increased its stake in shares of Citigroup by 2.6% in the fourth quarter. Morgan Stanley now owns 25,852,678 shares of the company’s stock worth $1,169,317,000 after purchasing an additional 666,560 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Citigroup by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 24,755,277 shares of the company’s stock worth $1,273,411,000 after purchasing an additional 1,836,283 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Citigroup by 1.2% in the third quarter. Northern Trust Corp now owns 20,051,311 shares of the company’s stock worth $824,710,000 after purchasing an additional 232,652 shares in the last quarter. 71.72% of the stock is currently owned by institutional investors.

Citigroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.72%. Citigroup’s payout ratio is presently 62.72%.

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.