FY2024 EPS Estimates for Citigroup Raised by Seaport Res Ptn

Citigroup Inc. (NYSE:C - Free Report) - Analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for Citigroup in a research report issued to clients and investors on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now expects that the company will earn $5.87 per share for the year, up from their previous estimate of $5.77. The consensus estimate for Citigroup's current full-year earnings is $5.86 per share. Seaport Res Ptn also issued estimates for Citigroup's Q1 2025 earnings at $1.88 EPS, Q3 2025 earnings at $2.00 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.60 EPS and FY2026 earnings at $10.05 EPS.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.31 by $0.20. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.86 billion. Citigroup had a net margin of 4.70% and a return on equity of 6.19%. The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS.

A number of other equities research analysts have also recently issued reports on the company. Oppenheimer lowered their price objective on Citigroup from $110.00 to $102.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Bank of America boosted their price target on shares of Citigroup from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday. Truist Financial initiated coverage on shares of Citigroup in a report on Tuesday. They issued a "buy" rating and a $85.00 price objective for the company. Morgan Stanley lowered their target price on shares of Citigroup from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on Citigroup from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $80.13.

Citigroup Stock Performance

C traded down $1.83 during trading on Friday, hitting $71.43. 13,205,015 shares of the company traded hands, compared to its average volume of 14,224,242. Citigroup has a one year low of $50.51 and a one year high of $74.29. The stock's fifty day moving average is $70.03 and its 200 day moving average is $64.95. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.55. The firm has a market cap of $135.09 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Citigroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.56 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.24 annualized dividend and a yield of 3.14%. Citigroup's payout ratio is 64.93%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of C. Graypoint LLC increased its holdings in shares of Citigroup by 19.0% during the fourth quarter. Graypoint LLC now owns 13,177 shares of the company's stock valued at $928,000 after acquiring an additional 2,100 shares in the last quarter. HBW Advisory Services LLC grew its position in Citigroup by 1.2% during the 4th quarter. HBW Advisory Services LLC now owns 48,482 shares of the company's stock valued at $3,413,000 after purchasing an additional 584 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in Citigroup by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,348 shares of the company's stock valued at $376,000 after purchasing an additional 236 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Citigroup by 19.6% in the fourth quarter. Fortitude Family Office LLC now owns 1,519 shares of the company's stock worth $107,000 after buying an additional 249 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Citigroup in the fourth quarter worth approximately $4,710,000. 71.72% of the stock is currently owned by institutional investors.

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.