Citigroup Inc. (NYSE:C – Get Rating) – Equities research analysts at Jefferies Financial Group lifted their Q1 2023 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst K. Usdin now anticipates that the company will post earnings of $1.73 per share for the quarter, up from their previous estimate of $1.36. The consensus estimate for Citigroup’s current full-year earnings is $6.20 per share. Jefferies Financial Group also issued estimates for Citigroup’s Q2 2023 earnings at $0.69 EPS, Q3 2023 earnings at $0.70 EPS, Q4 2023 earnings at $0.89 EPS, FY2023 earnings at $4.00 EPS, Q1 2024 earnings at $2.00 EPS, Q2 2024 earnings at $1.44 EPS and Q3 2024 earnings at $1.39 EPS.
A number of other research analysts have also commented on C. Deutsche Bank Aktiengesellschaft cut their price target on Citigroup from $52.00 to $46.00 in a report on Friday, January 6th. JPMorgan Chase & Co. upped their price target on Citigroup from $49.00 to $49.50 in a report on Wednesday, November 2nd. Barclays upped their price target on Citigroup from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 3rd. The Goldman Sachs Group lowered Citigroup from a “buy” rating to a “neutral” rating and cut their price target for the stock from $54.00 to $47.00 in a report on Monday, October 3rd. Finally, Credit Suisse Group set a $54.00 price objective on Citigroup in a research report on Monday, October 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.42.
Citigroup Stock Up 3.5 %
Institutional Trading of Citigroup
A number of large investors have recently bought and sold shares of C. Snider Financial Group boosted its stake in Citigroup by 96,645.9% in the first quarter. Snider Financial Group now owns 84,494,926 shares of the company’s stock worth $4,512,000 after purchasing an additional 84,407,589 shares in the last quarter. Two Sigma Investments LP boosted its stake in Citigroup by 16,821.8% in the third quarter. Two Sigma Investments LP now owns 4,246,690 shares of the company’s stock worth $176,960,000 after purchasing an additional 4,221,594 shares in the last quarter. Barclays PLC boosted its stake in Citigroup by 43.4% in the third quarter. Barclays PLC now owns 11,605,973 shares of the company’s stock worth $483,623,000 after purchasing an additional 3,512,239 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Citigroup by 28.0% in the second quarter. Pzena Investment Management LLC now owns 15,334,377 shares of the company’s stock worth $705,228,000 after purchasing an additional 3,353,371 shares in the last quarter. Finally, HoldCo Asset Management LP boosted its stake in Citigroup by 29,945.1% in the second quarter. HoldCo Asset Management LP now owns 3,000,000 shares of the company’s stock worth $137,970,000 after purchasing an additional 2,990,015 shares in the last quarter. 70.90% of the stock is currently owned by institutional investors.
Citigroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Monday, February 6th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, February 3rd. Citigroup’s dividend payout ratio (DPR) is 29.14%.
Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.
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