Citigroup (NYSE:C) Posts Earnings Results, Beats Expectations By $0.48 EPS

Citigroup (NYSE:C) issued its quarterly earnings results on Friday. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.48, Briefing.com reports. Citigroup had a net margin of 5.88% and a return on equity of 6.49%. The business had revenue of $21.10 billion during the quarter, compared to analyst estimates of $20.46 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year.

Citigroup Price Performance

NYSE C opened at $60.71 on Friday. The stock’s 50-day moving average price is $57.82 and its two-hundred day moving average price is $50.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.52. The company has a market cap of $116.28 billion, a PE ratio of 15.22, a PEG ratio of 0.94 and a beta of 1.52. Citigroup has a 1 year low of $38.17 and a 1 year high of $63.90.

Citigroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.12 annualized dividend and a yield of 3.49%. Citigroup’s payout ratio is presently 53.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on C shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Citigroup in a research note on Monday, April 1st. Wolfe Research upgraded shares of Citigroup from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Wednesday, January 3rd. Morgan Stanley raised shares of Citigroup from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a report on Tuesday, January 30th. StockNews.com raised shares of Citigroup from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Evercore ISI boosted their price target on shares of Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.56.

Institutional Trading of Citigroup

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Citigroup by 7.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 4,077 shares of the company’s stock valued at $218,000 after purchasing an additional 268 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Citigroup by 2.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 15,952 shares of the company’s stock valued at $852,000 after purchasing an additional 338 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Citigroup by 6.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,931 shares of the company’s stock worth $305,000 after buying an additional 345 shares during the last quarter. Nwam LLC increased its holdings in Citigroup by 6.6% in the fourth quarter. Nwam LLC now owns 6,101 shares of the company’s stock worth $314,000 after buying an additional 377 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Citigroup by 5.3% in the second quarter. Segall Bryant & Hamill LLC now owns 7,897 shares of the company’s stock worth $364,000 after buying an additional 395 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

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.