Jefferies Group Weighs in on Citigroup Inc’s Q4 2017 Earnings (C)

Citigroup Inc (NYSE:C) – Equities research analysts at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for shares of Citigroup in a report issued on Monday. Jefferies Group analyst K. Usdin now forecasts that the financial services provider will earn $1.14 per share for the quarter, down from their prior forecast of $1.24. Jefferies Group has a “Neutral” rating and a $81.00 price objective on the stock. Jefferies Group also issued estimates for Citigroup’s FY2018 earnings at $6.10 EPS.

Citigroup (NYSE:C) last released its quarterly earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.10. Citigroup had a return on equity of 7.48% and a net margin of 18.11%. The company had revenue of $18.17 billion during the quarter, compared to analysts’ expectations of $17.87 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.

C has been the subject of several other research reports. Atlantic Securities reaffirmed an “overweight” rating and set a $85.00 target price (up previously from $75.00) on shares of Citigroup in a research note on Tuesday, September 26th. Bank of America reaffirmed a “neutral” rating on shares of Citigroup in a research note on Wednesday, October 11th. ValuEngine raised Citigroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays raised their target price on Citigroup from $76.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial started coverage on Citigroup in a research note on Tuesday, October 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Citigroup currently has a consensus rating of “Buy” and a consensus price target of $78.02.

Citigroup (NYSE C) opened at $75.31 on Wednesday. Citigroup has a 52 week low of $55.23 and a 52 week high of $77.92. The firm has a market capitalization of $199,120.00, a PE ratio of 14.51, a P/E/G ratio of 1.30 and a beta of 1.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.11.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Leisure Capital Management lifted its stake in Citigroup by 1.6% in the 2nd quarter. Leisure Capital Management now owns 3,763 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 59 shares in the last quarter. Halbert Hargrove Russell LLC lifted its stake in Citigroup by 1.6% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 4,736 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 74 shares in the last quarter. Usca Ria LLC lifted its stake in Citigroup by 0.3% in the 2nd quarter. Usca Ria LLC now owns 34,375 shares of the financial services provider’s stock worth $2,299,000 after acquiring an additional 90 shares in the last quarter. Davis R M Inc. lifted its stake in Citigroup by 2.2% in the 2nd quarter. Davis R M Inc. now owns 4,250 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 92 shares in the last quarter. Finally, Hartland & Co. LLC lifted its stake in Citigroup by 1.2% in the 2nd quarter. Hartland & Co. LLC now owns 8,280 shares of the financial services provider’s stock worth $554,000 after acquiring an additional 97 shares in the last quarter. 78.54% of the stock is owned by institutional investors and hedge funds.

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About Citigroup

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

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