Seaport Res Ptn Forecasts Citigroup FY2027 Earnings

Key Points

• Seaport Res Ptn estimates Citigroup's FY2027 earnings per share (EPS) at $12.60, significantly higher than the current consensus estimate of $7.53.
• Citigroup recently increased its quarterly dividend from $0.56 to $0.60, reflecting a 2.5% yield and a dividend payout ratio of 35.45%.
• Currently, analysts have a consensus rating of "Moderate Buy" for Citigroup, with a price target averaging $99.68.

Citigroup Inc. (NYSE:C - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2027 EPS estimates for Citigroup in a research note issued to investors on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell forecasts that the company will earn $12.60 per share for the year. The consensus estimate for Citigroup's current full-year earnings is $7.53 per share.

A number of other equities analysts also recently weighed in on the stock. Oppenheimer dropped their price target on shares of Citigroup from $124.00 to $123.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Zacks Research downgraded shares of Citigroup from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. The Goldman Sachs Group increased their target price on shares of Citigroup from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. UBS Group reissued a "neutral" rating and set a $89.00 target price on shares of Citigroup in a research report on Tuesday, July 15th. Finally, Evercore ISI set a $77.00 target price on shares of Citigroup in a research report on Monday, July 7th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.68.

Citigroup Trading Down 0.4%

NYSE C opened at $97.70 on Wednesday. Citigroup has a 1-year low of $55.51 and a 1-year high of $105.59. 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 capitalization of $179.86 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37. The firm's fifty day simple moving average is $96.90 and its 200-day simple moving average is $83.34.

Citigroup (NYSE:C - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Citigroup had a net margin of 8.44% and a return on equity of 7.29%. The business had revenue of $21.67 billion for the quarter, compared to the consensus estimate of $20.75 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Citigroup's revenue for the quarter was up 8.2% compared to the same quarter last year. Citigroup has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Citigroup

Several hedge funds have recently made changes to their positions in C. Brighton Jones LLC lifted its stake in shares of Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company's stock valued at $1,407,000 after buying an additional 12,499 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Citigroup by 13.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,204 shares of the company's stock valued at $582,000 after buying an additional 950 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of Citigroup by 20.1% in the first quarter. First Citizens Bank & Trust Co. now owns 6,189 shares of the company's stock valued at $439,000 after buying an additional 1,036 shares during the period. Daymark Wealth Partners LLC lifted its stake in Citigroup by 268.2% during the first quarter. Daymark Wealth Partners LLC now owns 10,778 shares of the company's stock worth $765,000 after purchasing an additional 7,851 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Citigroup by 28.8% during the first quarter. Farther Finance Advisors LLC now owns 27,914 shares of the company's stock worth $1,969,000 after purchasing an additional 6,242 shares during the period. Institutional investors own 71.72% of the company's stock.

Insider Buying and Selling at Citigroup

In related news, Director Peter B. Henry sold 3,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $90.40, for a total value of $271,200.00. Following the completion of the sale, the director owned 2,140 shares in the company, valued at approximately $193,456. This trade represents a 58.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Citigroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 4th were given a $0.60 dividend. This is an increase from Citigroup's previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Citigroup's dividend payout ratio (DPR) is 35.45%.

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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