Q3 2024 EPS Estimates for Citigroup Inc. (NYSE:C) Reduced by Seaport Res Ptn

Citigroup Inc. (NYSE:C) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share (EPS) estimates for Citigroup in a research note issued to investors on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now forecasts that the company will post earnings of $1.48 per share for the quarter, down from their previous forecast of $1.51. The consensus estimate for Citigroup’s current full-year earnings is $5.85 per share.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group restated a “buy” rating on shares of Citigroup in a report on Monday, April 1st. Piper Sandler upped their price objective on shares of Citigroup from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Evercore ISI boosted their price target on shares of Citigroup from $60.00 to $62.00 and gave the company an “in-line” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $66.00 to $69.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Finally, Royal Bank of Canada upped their target price on Citigroup from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.16.

Citigroup Price Performance

Citigroup stock opened at $64.46 on Wednesday. The stock has a market cap of $122.95 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The firm has a 50-day moving average of $62.25 and a two-hundred day moving average of $58.27. Citigroup has a 1 year low of $38.17 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.95 and a quick ratio of 0.95.

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

Institutional Trading of Citigroup

Several hedge funds and other institutional investors have recently bought and sold shares of C. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Citigroup by 4.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock valued at $272,000 after purchasing an additional 164 shares in the last quarter. NorthRock Partners LLC grew its position in shares of Citigroup by 2.7% in the first quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock valued at $398,000 after purchasing an additional 165 shares during the period. Family Legacy Inc. raised its position in shares of Citigroup by 2.9% during the 1st quarter. Family Legacy Inc. now owns 6,330 shares of the company’s stock worth $400,000 after purchasing an additional 179 shares during the last quarter. Accel Wealth Management lifted its stake in Citigroup by 3.9% in the 1st quarter. Accel Wealth Management now owns 4,919 shares of the company’s stock valued at $311,000 after buying an additional 185 shares in the last quarter. Finally, Massachusetts Wealth Management boosted its holdings in Citigroup by 0.5% in the 4th quarter. Massachusetts Wealth Management now owns 39,782 shares of the company’s stock worth $2,046,000 after buying an additional 192 shares during the last quarter. 71.72% of the stock is owned by institutional investors and hedge funds.

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.