Citigroup Inc. (NYSE:C – Get Rating) – Stock analysts at Jefferies Economical Group elevated their Q4 2022 EPS estimates for Citigroup in a study observe issued to investors on Monday, January 9th. Jefferies Fiscal Group analyst K. Usdin now anticipates that the company will article earnings of $1.15 per share for the quarter, up from their prior estimate of $1.07. The consensus estimate for Citigroup’s existing comprehensive-yr earnings is $7.05 per share. Jefferies Money Group also issued estimates for Citigroup’s Q2 2023 earnings at $.79 EPS.
Citigroup (NYSE:C – Get Ranking) last introduced its earnings success on Friday, Oct 14th. The firm reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $.17. The small business had revenue of $18.51 billion for the quarter, in comparison to analyst estimates of $18.28 billion. Citigroup had a web margin of 17.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 9.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Citigroup’s revenue was up 5.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} as opposed to the exact same quarter last year. During the exact quarter in the prior year, the company posted $2.49 earnings per share.
A number of other equities investigation analysts have also issued experiences on C. Oppenheimer decreased their selling price focus on on shares of Citigroup from $90.00 to $87.00 and set an “outperform” ranking on the inventory in a report on Wednesday, December 28th. StockNews.com assumed coverage on shares of Citigroup in a report on Wednesday, Oct 12th. They issued a “maintain” score on the stock. Piper Sandler assumed protection on shares of Citigroup in a report on Thursday, December 8th. They issued a “neutral” score and a $48.00 value goal on the inventory. Deutsche Bank Aktiengesellschaft reduced their price tag focus on on shares of Citigroup from $52.00 to $46.00 in a report on Friday. Eventually, Credit rating Suisse Team set a $54.00 selling price concentrate on on shares of Citigroup in a report on Monday, Oct 10th. One particular research analyst has rated the inventory with a market rating, eleven have offered a keep rating and six have issued a buy rating to the company’s stock. In accordance to MarketBeat.com, Citigroup presently has an regular ranking of “Maintain” and a consensus goal price of $57.32.
Citigroup Trading Up .5 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
Shares of Citigroup stock opened at $47.54 on Tuesday. The firm has a market place capitalization of $92.08 billion, a PE ratio of 6.51, a rate-to-earnings-growth ratio of 1.51 and a beta of 1.56. The organization has a credit card debt-to-equity ratio of 1.40, a recent ratio of .93 and a quick ratio of .93. The firm’s fifty working day shifting average price is $46.36 and its two-hundred working day relocating average selling price is $47.38. Citigroup has a 52-7 days low of $40.01 and a 52-week large of $69.11.
Citigroup Dividend Announcement
The small business also lately declared a quarterly dividend, which was compensated on Wednesday, November 23rd. Investors of file on Monday, November 7th ended up supplied a dividend of $.51 for every share. The ex-dividend date was Friday, November 4th. This represents a $2.04 annualized dividend and a generate of 4.29{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Citigroup’s dividend payout ratio (DPR) is 27.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
Institutional Inflows and Outflows
Various institutional investors and hedge funds have just lately additional to or minimized their stakes in the inventory. McClarren Fiscal Advisors Inc. bought a new stake in Citigroup during the 3rd quarter worth about $25,000. Corsicana & Co. elevated its holdings in Citigroup by 314.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 2nd quarter. Corsicana & Co. now owns 659 shares of the firm’s stock truly worth $30,000 soon after getting an extra 500 shares throughout the previous quarter. Householder Team Estate & Retirement Professional LLC purchased a new stake in Citigroup throughout the 3rd quarter truly worth about $28,000. Citizens Nationwide Financial institution Have confidence in Section lifted its holdings in Citigroup by 169.{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through the 2nd quarter. Citizens National Financial institution Have faith in Section now owns 780 shares of the firm’s inventory worth $36,000 right after acquiring an further 490 shares all through the very last quarter. Last but not least, Activest Prosperity Management lifted its holdings in Citigroup by 79.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through the 2nd quarter. Activest Prosperity Management now owns 792 shares of the firm’s inventory worthy of $36,000 following buying an added 350 shares in the course of the previous quarter. Institutional investors and hedge resources own 70.90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the firm’s stock.
Citigroup Firm Profile
Citigroup Inc, a diversified economical expert services keeping corporation, offers different economical products and solutions and companies to individuals, firms, governments, and establishments in North America, Latin America, Asia, Europe, the Center East, and Africa. The corporation operates in two segments, Worldwide Consumer Banking (GCB) and Institutional Shoppers Team (ICG).
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