Citigroup Inc. (NYSE:C) – Stock analysts at Oppenheimer Holdings upped their FY2016 EPS estimates for Citigroup in a research report issued to clients and investors on Friday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the firm will earn $4.74 per share for the year, up from their previous forecast of $4.65. Oppenheimer Holdings has a “Outperform” rating and a $63.00 price target on the stock. Oppenheimer Holdings also issued estimates for Citigroup’s FY2017 earnings at $5.18 EPS.

Other equities research analysts have also recently issued reports about the stock. Vetr cut shares of Citigroup from a “strong-buy” rating to a “buy” rating and set a $48.04 target price for the company. in a report on Monday, June 27th. Societe Generale cut shares of Citigroup from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Jefferies Group reaffirmed a “buy” rating on shares of Citigroup in a report on Monday, August 1st. Drexel Hamilton reaffirmed a “buy” rating and issued a $65.00 target price on shares of Citigroup in a report on Monday, July 18th. Finally, Wells Fargo & Co. cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.76.

Earnings History and Estimates for Citigroup (NYSE:C)

Shares of Citigroup (NYSE:C) opened at 48.61 on Monday. The company has a 50-day moving average price of $47.49 and a 200 day moving average price of $45.05. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46. The firm has a market capitalization of $141.23 billion, a PE ratio of 10.29 and a beta of 1.86.

Citigroup (NYSE:C) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.08. Citigroup had a return on equity of 7.04% and a net margin of 17.58%. The firm had revenue of $17.80 billion for the quarter, compared to analysts’ expectations of $17.32 billion. During the same period last year, the firm earned $1.31 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the stock. Investec Asset Management LTD raised its stake in Citigroup by 0.6% in the first quarter. Investec Asset Management LTD now owns 10,649,565 shares of the financial services provider’s stock valued at $444,619,000 after buying an additional 68,175 shares in the last quarter. Investec Asset Management North America Inc. raised its stake in Citigroup by 9.9% in the first quarter. Investec Asset Management North America Inc. now owns 200,464 shares of the financial services provider’s stock valued at $8,369,000 after buying an additional 18,008 shares in the last quarter. BB&T Securities LLC raised its stake in Citigroup by 2.0% in the first quarter. BB&T Securities LLC now owns 93,988 shares of the financial services provider’s stock valued at $3,923,000 after buying an additional 1,887 shares in the last quarter. Kiltearn Partners LLP raised its stake in Citigroup by 25.3% in the first quarter. Kiltearn Partners LLP now owns 4,382,011 shares of the financial services provider’s stock valued at $182,949,000 after buying an additional 885,600 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Citigroup by 49.2% in the first quarter. Rafferty Asset Management LLC now owns 400,386 shares of the financial services provider’s stock valued at $16,716,000 after buying an additional 131,995 shares in the last quarter. Institutional investors and hedge funds own 71.26% of the company’s stock.

In other news, insider Joseph Michael Murray sold 8,122 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total value of $360,210.70. Following the sale, the insider now directly owns 35,042 shares in the company, valued at $1,554,112.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

About Citigroup

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.

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