Seaport Res Ptn Comments on Citigroup's Q2 Earnings (NYSE:C)

Citigroup Inc. (NYSE:C - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q2 2025 earnings per share (EPS) estimates for shares of Citigroup in a report released on Wednesday, January 15th. Seaport Res Ptn analyst J. Mitchell now expects that the company will earn $1.82 per share for the quarter, down from their prior estimate of $1.91. The consensus estimate for Citigroup's current full-year earnings is $5.88 per share. Seaport Res Ptn also issued estimates for Citigroup's Q3 2025 earnings at $1.99 EPS, Q2 2026 earnings at $2.52 EPS, Q3 2026 earnings at $2.64 EPS and Q4 2026 earnings at $2.67 EPS.

Citigroup (NYSE:C - Get Free Report) last announced its earnings results on Wednesday, January 15th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The business had revenue of $19.58 billion during the quarter, compared to analysts' expectations of $19.51 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm's revenue was up 12.3% on a year-over-year basis.

Several other brokerages also recently commented on C. Wells Fargo & Company lifted their target price on Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Barclays raised shares of Citigroup from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $70.00 to $95.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Citigroup from $85.00 to $92.00 and gave the stock an "outperform" rating in a research note on Thursday. Truist Financial initiated coverage on Citigroup in a research note on Tuesday, January 7th. They issued a "buy" rating and a $85.00 price target for the company. Finally, Piper Sandler restated an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Citigroup in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.93.

Citigroup Stock Up 2.0 %

C stock traded up $1.54 during mid-day trading on Monday, reaching $80.05. The company had a trading volume of 22,070,430 shares, compared to its average volume of 10,393,282. The company has a market capitalization of $151.40 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 0.59 and a beta of 1.43. Citigroup has a 52 week low of $50.51 and a 52 week high of $80.45. The stock has a 50 day simple moving average of $71.22 and a two-hundred day simple moving average of $65.54. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Investors Weigh In On Citigroup

Several hedge funds and other institutional investors have recently modified their holdings of C. Geode Capital Management LLC boosted its stake in Citigroup by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 39,919,798 shares of the company's stock valued at $2,492,238,000 after purchasing an additional 791,758 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 18.5% in the third quarter. Franklin Resources Inc. now owns 30,027,213 shares of the company's stock valued at $1,998,976,000 after purchasing an additional 4,680,713 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Citigroup by 3.2% during the third quarter. Fisher Asset Management LLC now owns 28,970,357 shares of the company's stock valued at $1,813,544,000 after buying an additional 911,694 shares during the last quarter. Legal & General Group Plc raised its position in Citigroup by 5.5% in the 2nd quarter. Legal & General Group Plc now owns 17,428,251 shares of the company's stock valued at $1,105,999,000 after buying an additional 913,231 shares during the last quarter. Finally, Greenhaven Associates Inc. lifted its stake in Citigroup by 1.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 16,883,391 shares of the company's stock valued at $1,056,900,000 after acquiring an additional 242,545 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Citigroup declared that its board has authorized a share repurchase plan on Wednesday, January 15th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Citigroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Monday, February 3rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.24 annualized dividend and a dividend yield of 2.80%. Citigroup's dividend payout ratio is presently 64.93%.

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.