Jefferies Financial Group Weighs in on Citigroup Inc’s Q4 2019 Earnings (C)

Citigroup Inc (NYSE:C) – Stock analysts at Jefferies Financial Group increased their Q4 2019 earnings estimates for Citigroup in a research note issued to investors on Monday, April 15th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings of $1.98 per share for the quarter, up from their prior estimate of $1.94. Jefferies Financial Group has a “Buy” rating and a $73.00 price target on the stock.

Citigroup (NYSE:C) last released its earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. Citigroup had a net margin of 18.32% and a return on equity of 10.05%. The business had revenue of $18.58 billion during the quarter, compared to analysts’ expectations of $18.56 billion. During the same period last year, the business earned $1.68 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis.

A number of other research analysts also recently commented on the company. BMO Capital Markets boosted their price target on Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday. Standpoint Research downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research downgraded Citigroup from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Macquarie raised Citigroup from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $80.00 target price on shares of Citigroup in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $80.61.

C opened at $69.31 on Wednesday. Citigroup has a fifty-two week low of $48.42 and a fifty-two week high of $75.24. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market cap of $173.17 billion, a PE ratio of 10.42, a PEG ratio of 0.80 and a beta of 1.67.

In other news, insider Michael Whitaker sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $63.24, for a total transaction of $442,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider W. Bradford Hu sold 5,420 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.27, for a total value of $348,343.40. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Condor Capital Management grew its position in Citigroup by 0.5% during the fourth quarter. Condor Capital Management now owns 31,706 shares of the financial services provider’s stock valued at $1,651,000 after purchasing an additional 164 shares in the last quarter. Appleton Partners Inc. MA grew its position in Citigroup by 0.4% during the fourth quarter. Appleton Partners Inc. MA now owns 39,955 shares of the financial services provider’s stock valued at $2,080,000 after purchasing an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Citigroup by 7.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,806 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 197 shares in the last quarter. Highstreet Asset Management Inc. grew its position in Citigroup by 1.9% in the fourth quarter. Highstreet Asset Management Inc. now owns 10,700 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 200 shares in the last quarter. Finally, Canton Hathaway LLC grew its position in Citigroup by 2.0% in the first quarter. Canton Hathaway LLC now owns 10,300 shares of the financial services provider’s stock worth $640,000 after acquiring an additional 200 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

About Citigroup

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

See Also: Mutual Funds

Earnings History and Estimates for Citigroup (NYSE:C)

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