Citigroup (NYSE:C) Announces Quarterly Earnings Results

Citigroup (NYSE:C - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35, Briefing.com reports. Citigroup had a net margin of 8.44% and a return on equity of 7.33%. The firm had revenue of $21.67 billion during the quarter, compared to analysts' expectations of $20.75 billion. During the same period in the prior year, the company posted $1.52 EPS. The company's revenue was up 8.2% on a year-over-year basis. Citigroup updated its FY 2025 guidance to EPS.

Citigroup Stock Performance

C stock traded up $3.08 during mid-day trading on Thursday, hitting $93.10. The company had a trading volume of 23,944,245 shares, compared to its average volume of 14,682,227. The firm has a market cap of $173.88 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.98 and a current ratio of 0.98. Citigroup has a 12 month low of $53.51 and a 12 month high of $93.19. The stock's fifty day moving average price is $79.56 and its two-hundred day moving average price is $75.13.

Citigroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 4th will be given a dividend of $0.60 per share. This is a positive change from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Monday, August 4th. Citigroup's dividend payout ratio (DPR) is presently 35.45%.

Wall Street Analysts Forecast Growth

C has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Citigroup from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday. Piper Sandler lifted their price target on shares of Citigroup from $84.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday. Oppenheimer set a $123.00 price target on shares of Citigroup and gave the company an "outperform" rating in a research note on Wednesday. Barclays raised their price objective on shares of Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Citigroup from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.46.

Insider Buying and Selling

In other Citigroup news, Director John Cunningham Dugan sold 4,417 shares of Citigroup stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $68.26, for a total value of $301,504.42. Following the sale, the director owned 13,048 shares of the company's stock, valued at approximately $890,656.48. The trade was a 25.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.08% of the company's stock.

Institutional Trading of Citigroup

A hedge fund recently raised its stake in Citigroup stock. Brighton Jones LLC boosted its position in shares of Citigroup Inc. (NYSE:C - Free Report) by 166.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,990 shares of the company's stock after acquiring an additional 12,499 shares during the period. Brighton Jones LLC's holdings in Citigroup were worth $1,407,000 as of its most recent SEC filing. 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.