Citigroup (NYSE:C) Releases Earnings Results, Beats Expectations By $0.12 EPS

Citigroup (NYSE:C - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12, Zacks reports. The business had revenue of $21.60 billion for the quarter, compared to analyst estimates of $21.34 billion. Citigroup had a net margin of 7.43% and a return on equity of 6.62%. Citigroup updated its FY 2025 guidance to EPS.

Citigroup Trading Up 1.8 %

Shares of C traded up $1.13 during trading hours on Friday, hitting $63.23. 14,653,830 shares of the stock were exchanged, compared to its average volume of 14,419,522. Citigroup has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The business has a 50-day moving average of $71.12 and a 200-day moving average of $70.92. The firm has a market capitalization of $119.01 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.96 and a quick ratio of 0.96.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.54%. Citigroup's dividend payout ratio (DPR) is 37.65%.

Citigroup declared that its Board of Directors has initiated a share buyback program on Wednesday, January 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Citigroup

In other Citigroup news, COO Anand Selvakesari sold 30,000 shares of Citigroup stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $81.10, for a total value of $2,433,000.00. Following the completion of the sale, the chief operating officer now directly owns 229,180 shares of the company's stock, valued at approximately $18,586,498. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Mark Mason sold 58,465 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $83.21, for a total value of $4,864,872.65. Following the transaction, the chief financial officer now directly owns 217,331 shares in the company, valued at $18,084,112.51. The trade was a 21.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,590 shares of company stock valued at $8,523,149. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Citigroup

An institutional investor recently raised its position in Citigroup stock. Brighton Jones LLC boosted its holdings in Citigroup Inc. (NYSE:C - Free Report) by 166.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,990 shares of the company's stock after purchasing an additional 12,499 shares during the period. Brighton Jones LLC's holdings in Citigroup were worth $1,407,000 as of its most recent SEC filing. Institutional investors and hedge funds own 71.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on C shares. Bank of America decreased their price target on shares of Citigroup from $90.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (down from $96.00) on shares of Citigroup in a research note on Wednesday. Oppenheimer lowered their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Citigroup from $85.50 to $75.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Evercore ISI dropped their price objective on Citigroup from $79.00 to $76.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.61.

About Citigroup

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.