Today, Citigroup Inc. (C) Expected to Earn FY2016 Earnings of $4.74 Per Share

Today, Citigroup Inc. (C) Expected to Earn FY2016 Earnings of $4.74 Per Share

Citigroup Inc. (NYSE:C) – Stock analysts at Oppenheimer Holdings upped their FY2016 earnings per share estimates for Citigroup in a research note issued to investors on Friday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the firm will post earnings of $4.74 per share for the year, up from their previous forecast of $4.65. Oppenheimer Holdings currently 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.

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

Citigroup (NYSE:C) opened at 48.60 on Monday. Citigroup has a 12-month low of $34.52 and a 12-month high of $56.46. The company’s 50-day moving average is $47.53 and its 200 day moving average is $45.15. The stock has a market capitalization of $141.20 billion, a PE ratio of 10.29 and a beta of 1.86.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gemmer Asset Management LLC increased its position in shares of Citigroup by 3.2% in the third quarter. Gemmer Asset Management LLC now owns 2,234 shares of the financial services provider’s stock worth $106,000 after buying an additional 69 shares during the last quarter. City Holding Co. increased its position in shares of Citigroup by 26.6% in the third quarter. City Holding Co. now owns 2,305 shares of the financial services provider’s stock worth $109,000 after buying an additional 485 shares during the last quarter. Cedar Wealth Management LLC increased its position in shares of Citigroup by 57.1% in the second quarter. Cedar Wealth Management LLC now owns 2,613 shares of the financial services provider’s stock worth $111,000 after buying an additional 950 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Citigroup during the second quarter worth approximately $116,000. Finally, RPg Family Wealth Advisory LLC increased its position in shares of 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 worth $122,000 after buying an additional 1,426 shares during the last quarter. 71.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Joseph Michael Murray sold 8,122 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $44.35, for a total transaction of $360,210.70. Following the sale, the insider now 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 this hyperlink. Insiders own 0.13% of the company’s stock.

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