Citigroup Inc. (NYSE:C) – Stock analysts at Jefferies Group upped their FY2016 earnings per share estimates for shares of Citigroup in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the firm will earn $4.69 per share for the year, up from their prior estimate of $4.56. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for Citigroup’s Q4 2016 earnings at $1.11 EPS.

Citigroup (NYSE:C) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. Citigroup had a net margin of 17.58% and a return on equity of 7.04%. The firm had revenue of $17.80 billion for the quarter, compared to analyst estimates of $17.32 billion. During the same period last year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year.

Earnings History and Estimates for Citigroup (NYSE:C)

A number of other brokerages have also weighed in on C. Compass Point assumed coverage on shares of Citigroup in a report on Tuesday, October 11th. They issued a “sell” rating and a $39.00 price objective for the company. Vetr lowered shares of Citigroup from a “hold” rating to a “sell” rating and set a $47.03 price objective for the company. in a report on Tuesday, October 11th. Argus reaffirmed a “hold” rating on shares of Citigroup in a research note on Tuesday. Societe Generale downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Finally, Nomura decreased their target price on shares of Citigroup from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Citigroup presently has an average rating of “Buy” and an average target price of $54.76.

Citigroup (NYSE:C) traded up 1.0845% on Wednesday, hitting $49.5213. 9,156,434 shares of the company’s stock were exchanged. The stock has a market cap of $143.88 billion, a P/E ratio of 10.4807 and a beta of 1.86. The firm has a 50 day moving average price of $47.58 and a 200-day moving average price of $45.20. Citigroup has a 52-week low of $34.52 and a 52-week high of $56.46.

Several large investors have recently added to or reduced their stakes in the stock. 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. 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. RPg Family Wealth Advisory LLC raised its stake in Citigroup by 95.1% in the first quarter. RPg Family Wealth Advisory LLC now owns 2,926 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,426 shares in the last quarter. Finally, Pacific Global Investment Management CO raised its stake in Citigroup by 4.2% in the first quarter. Pacific Global Investment Management CO now owns 34,500 shares of the financial services provider’s stock valued at $1,440,000 after buying an additional 1,377 shares in the last quarter. 71.26% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:C

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