Citigroup FY2025 EPS Estimate Increased by Seaport Res Ptn

Key Points

• Seaport Res Ptn has raised its FY2025 EPS estimate for Citigroup from $7.50 to $8.20, indicating a positive outlook for the company's earnings.
• Citigroup's recent quarterly earnings reported a miss at $1.86 EPS compared to the consensus estimate of $1.89, while revenues were higher than expected at $22.09 billion.
• The company has declared a $0.60 quarterly dividend to be paid on November 26, representing a 2.4% dividend yield, with a payout ratio of 33.71%.

Citigroup Inc. (NYSE:C - Free Report) - Investment analysts at Seaport Res Ptn lifted their FY2025 earnings estimates for shares of Citigroup in a research note issued on Monday, October 20th. Seaport Res Ptn analyst J. Mitchell now forecasts that the company will earn $8.20 per share for the year, up from their previous estimate of $7.50. The consensus estimate for Citigroup's current full-year earnings is $7.53 per share. Seaport Res Ptn also issued estimates for Citigroup's Q4 2025 earnings at $1.75 EPS and Q2 2026 earnings at $2.58 EPS.

A number of other equities research analysts have also recently commented on the stock. Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. Barclays increased their target price on shares of Citigroup from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Dbs Bank cut shares of Citigroup from a "moderate buy" rating to a "hold" rating in a research report on Monday, September 22nd. Wall Street Zen raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Citigroup from $112.00 to $118.00 and gave the company an "outperform" rating in a research report on Friday, October 17th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.63.

Citigroup Trading Down 1.0%

NYSE:C opened at $98.29 on Wednesday. Citigroup has a 52 week low of $55.51 and a 52 week high of $105.59. The firm has a 50 day moving average of $97.78 and a 200 day moving average of $85.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $180.94 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.84 and a beta of 1.37.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.03). Citigroup had a return on equity of 7.91% and a net margin of 8.73%.The business had revenue of $22.09 billion during the quarter, compared to analysts' expectations of $20.92 billion. During the same period in the previous year, the company posted $1.51 EPS. Citigroup's revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup has set its FY 2025 guidance at EPS.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.4%. Citigroup's dividend payout ratio (DPR) is currently 33.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Citigroup by 0.7% in the second quarter. Vanguard Group Inc. now owns 165,851,890 shares of the company's stock worth $14,117,313,000 after acquiring an additional 1,148,451 shares during the period. Geode Capital Management LLC increased its stake in shares of Citigroup by 1.0% in the second quarter. Geode Capital Management LLC now owns 42,957,190 shares of the company's stock worth $3,645,084,000 after acquiring an additional 411,894 shares during the period. Price T Rowe Associates Inc. MD grew its position in Citigroup by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,101,459 shares of the company's stock valued at $2,917,794,000 after buying an additional 2,539,769 shares during the period. Franklin Resources Inc. grew its position in Citigroup by 2.2% during the second quarter. Franklin Resources Inc. now owns 32,290,532 shares of the company's stock valued at $2,748,571,000 after buying an additional 679,967 shares during the period. Finally, Fisher Asset Management LLC grew its position in Citigroup by 3.2% during the second quarter. Fisher Asset Management LLC now owns 32,161,457 shares of the company's stock valued at $2,737,583,000 after buying an additional 988,152 shares during the period. Hedge funds and other institutional investors own 71.72% of the company's stock.

Citigroup Company Profile

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.

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