FY2024 EPS Estimates for Citigroup Raised by Seaport Res Ptn

Citigroup Inc. (NYSE:C) – Research analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of Citigroup in a research report issued on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now anticipates that the company will post earnings of $5.87 per share for the year, up from their previous forecast of $5.77. The consensus estimate for Citigroup’s current full-year earnings is $5.86 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q1 2025 earnings at $1.88 EPS, Q3 2025 earnings at $2.00 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.60 EPS and FY2026 earnings at $10.05 EPS.

Citigroup (NYSE:C) last announced 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 6.19% and a net margin of 4.70%. The business had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. During the same period last year, the company earned $1.52 earnings per share. Citigroup’s quarterly revenue was up .9% compared to the same quarter last year.

A number of other research firms have also commented on C. Keefe, Bruyette & Woods lifted their price target on shares of Citigroup from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on shares of Citigroup from $72.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial assumed coverage on Citigroup in a research report on Tuesday. They issued a “buy” rating and a $85.00 price target on the stock. Wells Fargo & Company boosted their price objective on Citigroup from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Piper Sandler raised their target price on Citigroup from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Citigroup has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Citigroup Stock Performance

Shares of C opened at $73.23 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. Citigroup has a 12 month low of $50.51 and a 12 month high of $74.29. The company’s fifty day moving average is $70.03 and its 200-day moving average is $64.95. The firm has a market cap of $138.50 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Institutional Trading of Citigroup

A number of hedge funds and other institutional investors have recently modified their holdings of C. Geode Capital Management LLC lifted its position in Citigroup by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company’s stock valued at $2,492,238,000 after purchasing an additional 791,758 shares during the period. Franklin Resources Inc. raised its stake in shares of Citigroup by 18.5% during the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company’s stock worth $1,998,976,000 after buying an additional 4,680,713 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Citigroup by 3.2% in the third quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company’s stock valued at $1,813,544,000 after buying an additional 911,694 shares during the period. Legal & General Group Plc boosted its stake in Citigroup by 5.5% in the second quarter. Legal & General Group Plc now owns 17,428,251 shares of the company’s stock valued at $1,105,999,000 after acquiring an additional 913,231 shares during the last quarter. Finally, Greenhaven Associates Inc. grew its holdings in Citigroup by 1.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company’s stock worth $1,056,900,000 after acquiring an additional 242,545 shares during the period. Institutional investors and hedge funds own 71.72% of the company’s stock.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, November 5th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, November 4th. Citigroup’s payout ratio is presently 64.93%.

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.