Citigroup Inc. (NYSE:C) – Equities research analysts at Piper Sandler raised their FY2020 earnings estimates for shares of Citigroup in a report issued on Monday, January 11th. Piper Sandler analyst J. Harte now anticipates that the company will post earnings per share of $4.28 for the year, up from their prior estimate of $4.27. Piper Sandler currently has a “Overweight” rating and a $85.00 price target on the stock. Piper Sandler also issued estimates for Citigroup’s Q4 2020 earnings at $1.33 EPS, Q2 2021 earnings at $1.68 EPS, Q3 2021 earnings at $1.57 EPS, FY2021 earnings at $6.92 EPS, Q1 2022 earnings at $2.30 EPS, Q3 2022 earnings at $2.11 EPS and FY2022 earnings at $8.76 EPS.
Citigroup (NYSE:C) last released its earnings results on Monday, October 19th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.39. Citigroup had a net margin of 12.72% and a return on equity of 6.57%. The company had revenue of $17.30 billion for the quarter, compared to analysts’ expectations of $17.18 billion. During the same quarter last year, the business earned $1.97 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year.
NYSE C opened at $66.86 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.55. Citigroup has a 12 month low of $32.00 and a 12 month high of $83.11. The company’s 50 day moving average is $60.29 and its two-hundred day moving average is $51.27. The stock has a market cap of $139.20 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.27 and a beta of 1.95.
Several large investors have recently added to or reduced their stakes in C. Sanders Capital LLC raised its holdings in shares of Citigroup by 3.3% in the third quarter. Sanders Capital LLC now owns 20,273,576 shares of the company’s stock valued at $955,560,000 after acquiring an additional 638,347 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Citigroup by 1,321.1% in the third quarter. Great West Life Assurance Co. Can now owns 19,376,360 shares of the company’s stock valued at $73,923,000 after acquiring an additional 18,012,890 shares in the last quarter. Morgan Stanley raised its holdings in shares of Citigroup by 10.3% in the third quarter. Morgan Stanley now owns 17,224,165 shares of the company’s stock valued at $742,535,000 after acquiring an additional 1,603,608 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Citigroup by 8.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 10,143,816 shares of the company’s stock valued at $437,300,000 after acquiring an additional 757,633 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Citigroup by 12.8% in the third quarter. Pzena Investment Management LLC now owns 8,537,381 shares of the company’s stock valued at $368,046,000 after acquiring an additional 968,011 shares in the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
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