Citigroup Inc. (NYSE:C) – Equities researchers at Jefferies Group cut their Q4 2016 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Monday. Jefferies Group analyst K. Usdin now anticipates that the brokerage will post earnings of $1.07 per share for the quarter, down from their previous forecast of $1.08. Jefferies Group has a “Buy” rating and a $58.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $5.80 EPS.

A number of other equities analysts have also recently weighed in on C. Vetr cut Citigroup from a “hold” rating to a “sell” rating and set a $47.03 price target on the stock. in a research note on Tuesday. Compass Point assumed coverage on Citigroup in a research note on Tuesday. They issued a “sell” rating and a $39.00 price target on the stock. Nomura reissued a “buy” rating and issued a $55.00 price target on shares of Citigroup in a research note on Thursday, September 29th. Credit Agricole SA lifted their price target on Citigroup from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. Finally, Goldman Sachs Group Inc. cut Citigroup from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $50.00 in a research note on Friday, September 16th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Citigroup has an average rating of “Hold” and a consensus price target of $54.76.

Earnings History and Estimates for Citigroup (NYSE:C)

Citigroup (NYSE:C) opened at 48.77 on Tuesday. The stock has a market capitalization of $141.70 billion, a P/E ratio of 10.32 and a beta of 1.86. The stock has a 50 day moving average of $47.32 and a 200 day moving average of $44.96. Citigroup has a 1-year low of $34.52 and a 1-year high of $56.46.

Citigroup (NYSE:C) last posted its quarterly earnings results on Friday, July 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm had revenue of $17.55 billion for the quarter, compared to the consensus estimate of $17.47 billion. Citigroup had a net margin of 17.97% and a return on equity of 7.24%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period last year, the firm posted $1.45 earnings per share.

In other Citigroup news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $44.35, for a total value of $360,210.70. Following the transaction, the insider now owns 35,042 shares of the company’s stock, valued at $1,554,112.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Carroll Financial Associates Inc. raised its position in shares of Citigroup by 13.0% in the third quarter. Carroll Financial Associates Inc. now owns 4,559 shares of the financial services provider’s stock valued at $215,000 after buying an additional 526 shares during the period. Trinity Street Asset Management LLP raised its position in shares of Citigroup by 1.3% in the third quarter. Trinity Street Asset Management LLP now owns 799,429 shares of the financial services provider’s stock valued at $37,757,000 after buying an additional 9,978 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Citigroup by 14.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 714,928 shares of the financial services provider’s stock valued at $33,766,000 after buying an additional 91,447 shares during the period. City Holding Co. raised its position in shares of Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock valued at $109,000 after buying an additional 485 shares during the period. Finally, Hills Bank & Trust Co. raised its position in shares of Citigroup by 10.4% in the third quarter. Hills Bank & Trust Co. now owns 34,591 shares of the financial services provider’s stock valued at $1,633,000 after buying an additional 3,255 shares during the period. 71.41% of the stock is currently owned by institutional investors.

Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

5 Day Chart for NYSE:C

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