Citigroup (NYSE:C) Releases Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Citigroup reported EPS of $1.86 for the quarter, missing analysts' expectations of $1.89 by $0.03, despite a year-over-year revenue increase of 9.3%.
• The company announced a quarterly dividend of $0.60 per share, set to be paid on November 26th, reflecting a 2.5% yield.
• Following earnings results, Citigroup's stock price increased by 2.4%, with a consensus rating of "Moderate Buy" from analysts.

Citigroup (NYSE:C - Get Free Report) posted its earnings results on Tuesday. The company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.03), RTT News reports. Citigroup had a return on equity of 7.29% and a net margin of 8.44%.During the same period last year, the company posted $1.51 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Citigroup updated its FY 2025 guidance to EPS.

Citigroup Stock Up 2.4%

Shares of NYSE C opened at $96.18 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.61. The company has a market cap of $177.05 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.83 and a beta of 1.37. Citigroup has a 12 month low of $55.51 and a 12 month high of $105.59. The stock has a 50-day moving average price of $97.09 and a two-hundred day moving average price of $84.05.

Citigroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.40 annualized dividend and a yield of 2.5%. Citigroup's payout ratio is presently 35.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on C shares. The Goldman Sachs Group lifted their target price on Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of Citigroup in a report on Wednesday, October 8th. Zacks Research downgraded Citigroup from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Evercore ISI set a $77.00 target price on Citigroup in a report on Monday, July 7th. Finally, Barclays boosted their price target on Citigroup from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $99.68.

Insider Buying and Selling

In other Citigroup news, Director Peter B. Henry sold 3,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $90.40, for a total transaction of $271,200.00. Following the completion of the transaction, the director owned 2,140 shares of the company's stock, valued at approximately $193,456. The trade was a 58.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

Institutional Trading of Citigroup

Hedge funds and other institutional investors have recently made changes to their positions in the company. Duquesne Family Office LLC acquired a new stake in Citigroup during the second quarter worth about $56,715,000. CANADA LIFE ASSURANCE Co raised its stake in Citigroup by 7.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 2,318,230 shares of the company's stock worth $197,556,000 after acquiring an additional 170,338 shares during the period. MUFG Securities EMEA plc raised its stake in Citigroup by 109.2% during the second quarter. MUFG Securities EMEA plc now owns 5,530 shares of the company's stock worth $471,000 after acquiring an additional 65,530 shares during the period. Captrust Financial Advisors raised its stake in Citigroup by 3.9% during the second quarter. Captrust Financial Advisors now owns 1,048,220 shares of the company's stock worth $89,225,000 after acquiring an additional 39,436 shares during the period. Finally, MML Investors Services LLC raised its stake in Citigroup by 12.0% during the second quarter. MML Investors Services LLC now owns 339,646 shares of the company's stock worth $28,911,000 after acquiring an additional 36,424 shares during the period. 71.72% of the stock is currently owned by institutional investors.

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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