Q4 2024 EPS Estimates for Citigroup Inc. (NYSE:C) Reduced by Seaport Res Ptn

Citigroup Inc. (NYSE:C) – Seaport Res Ptn lowered their Q4 2024 earnings per share (EPS) estimates for Citigroup in a research report issued on Thursday, October 3rd. Seaport Res Ptn analyst J. Mitchell now expects that the company will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.26. The consensus estimate for Citigroup’s current full-year earnings is $5.79 per share. Seaport Res Ptn also issued estimates for Citigroup’s Q1 2025 earnings at $1.94 EPS, Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $1.83 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $7.35 EPS.

A number of other research firms have also commented on C. BMO Capital Markets raised their price objective on Citigroup from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Argus raised their price objective on Citigroup from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. The Goldman Sachs Group lowered their price objective on Citigroup from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Piper Sandler raised their price objective on Citigroup from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Citigroup from $66.00 to $69.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.06.

Citigroup Stock Performance

NYSE:C opened at $62.64 on Friday. The stock has a market cap of $119.48 billion, a P/E ratio of 17.55, a PEG ratio of 0.69 and a beta of 1.44. The stock has a 50 day simple moving average of $60.61 and a 200 day simple moving average of $61.77. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Citigroup has a 1-year low of $38.17 and a 1-year high of $67.81.

Citigroup (NYSE:C) last released its quarterly earnings results on Friday, July 12th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $20.14 billion during the quarter, compared to analysts’ expectations of $20.07 billion. Citigroup had a return on equity of 6.26% and a net margin of 4.95%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MONECO Advisors LLC increased its holdings in Citigroup by 2.9% during the 2nd quarter. MONECO Advisors LLC now owns 5,542 shares of the company’s stock worth $352,000 after purchasing an additional 157 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Citigroup by 4.0% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,295 shares of the company’s stock worth $272,000 after purchasing an additional 164 shares in the last quarter. NorthRock Partners LLC increased its holdings in Citigroup by 2.7% during the 1st quarter. NorthRock Partners LLC now owns 6,288 shares of the company’s stock worth $398,000 after purchasing an additional 165 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in Citigroup by 1.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 16,596 shares of the company’s stock worth $1,053,000 after purchasing an additional 169 shares in the last quarter. Finally, Gries Financial LLC increased its holdings in Citigroup by 3.0% during the 2nd quarter. Gries Financial LLC now owns 6,000 shares of the company’s stock worth $381,000 after purchasing an additional 176 shares in the last quarter. 71.72% of the stock is owned by institutional investors.

Citigroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 5th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Citigroup’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, August 5th. Citigroup’s payout ratio is currently 62.75%.

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.