About Citigroup (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company's whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company's global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company's global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Global Consumer Banking (GCB) provides traditional banking services to retail customers through retail banking, including Citi-branded cards and Citi retail services.
Industry, Sector and Symbol
Sub-IndustryOther Diversified Financial Services
Trailing P/E Ratio14.1531531531532
Forward P/E Ratio12.41
Sales & Book Value
Annual Sales$87.97 billion
Price / Sales2.29
Cash Flow$6.99 per share
Price / Cash11.24
Book Value$71.21 per share
Price / Book1.10
Return on Equity7.60%
Return on Assets0.83%
Citigroup (NYSE:C) Frequently Asked Questions
What is Citigroup's stock symbol?
Citigroup trades on the New York Stock Exchange (NYSE) under the ticker symbol "C."
How often does Citigroup pay dividends? What is the dividend yield for Citigroup?
Citigroup announced a quarterly dividend on Thursday, January 18th. Investors of record on Monday, February 5th will be paid a dividend of $0.32 per share on Friday, February 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, February 2nd. View Citigroup's Dividend History.
How will Citigroup's stock buyback program work?
Citigroup declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th 2017, which permits the company to buyback $15,600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
How were Citigroup's earnings last quarter?
Citigroup Inc (NYSE:C) posted its earnings results on Tuesday, January, 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.09. The financial services provider had revenue of $17.26 billion for the quarter, compared to analysts' expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.60%. The business's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. View Citigroup's Earnings History.
When will Citigroup make its next earnings announcement?
Where is Citigroup's stock going? Where will Citigroup's stock price be in 2018?
20 Wall Street analysts have issued twelve-month target prices for Citigroup's shares. Their forecasts range from $65.00 to $100.00. On average, they expect Citigroup's share price to reach $80.41 in the next twelve months. View Analyst Ratings for Citigroup.
What are Wall Street analysts saying about Citigroup stock?
Here are some recent quotes from research analysts about Citigroup stock:
- 1. According to Zacks Investment Research, "Citigroup’s shares outperformed the Zacks categorized Major Regional Banks industry over the last six months. We believe that the company’s restructuring and streamlining efforts, strategic investments in core business and expense management, should support profitability, going forward. Recent Fed's approval to the company's 2017 capital plan also remain encouraging. Moreover, recently approved the Financial Choice Act will act as a tailwind for the company in coming quarters. However, several issues including litigation burden keep us apprehensive. Moreover, inspite of rising rates, margin is under pressure." (7/7/2017)
- 2. JPMorgan Chase & Co. analysts commented, "potential positives" in the U.S. such as lower tax rates, faster growth and higher interest rates — while also having greater exposure to "downside scenarios."However, UBS's Saul Martinez upgraded Citi's stock rating from Sell to Neutral with a price target raised from $58 to $64 as the arguments for the prior bearish stance "is harder to make today" (check out Saul Martinez's track record).Economic growth across Europe and major emerging markets has at the very least stabilized or even risen, the analyst argued. Meanwhile, "starkly" protectionist policies have not emerged which bodes well for the industry as a whole. In Citi's case, there is now greater visibility that potential cards headwinds will moderate and the North America consumer results will improve in the bottom half of 2017.Capital Return StoryMartinez's upgrade is also based on Citi's "attractive" capital return story in which the company's dividends and buyback spend will total $15.5 billion, or 105 percent of earnings. By comparison, the analyst previously estimated Citi would spend $13.1 billion, or 88 percent of earnings."In other words, what was an already attractive capital return story has gotten better, in our view," Martinez wrote.Why Not A Buy Rating?Despite a more favorable view of Citi, a Buy rating can't be justified until the bank can generate ROTCEs that is close to its cost of equity of 10 percent, the analyst explained. Currently, the 2019 estimated ROTCE is roughly 9 percent which in part implies investors should "hold a healthy preference" (6/9/2017)
- 3. UBS Group AG analysts commented, "potential positives" in the U.S. such as lower tax rates, faster growth and higher interest rates — while also having greater exposure to "downside scenarios."However, UBS's Saul Martinez upgraded Citi's stock rating from Sell to Neutral with a price target raised from $58 to $64 as the arguments for the prior bearish stance "is harder to make today" (check out Saul Martinez's track record).Economic growth across Europe and major emerging markets has at the very least stabilized or even risen, the analyst argued. Meanwhile, "starkly" protectionist policies have not emerged which bodes well for the industry as a whole. In Citi's case, there is now greater visibility that potential cards headwinds will moderate and the North America consumer results will improve in the bottom half of 2017.Capital Return StoryMartinez's upgrade is also based on Citi's "attractive" capital return story in which the company's dividends and buyback spend will total $15.5 billion, or 105 percent of earnings. By comparison, the analyst previously estimated Citi would spend $13.1 billion, or 88 percent of earnings."In other words, what was an already attractive capital return story has gotten better, in our view," Martinez wrote.Why Not A Buy Rating?Despite a more favorable view of Citi, a Buy rating can't be justified until the bank can generate ROTCEs that is close to its cost of equity of 10 percent, the analyst explained. Currently, the 2019 estimated ROTCE is roughly 9 percent which in part implies investors should "hold a healthy preference" (6/9/2017)
Are investors shorting Citigroup?
Citigroup saw a decrease in short interest during the month of December. As of December 29th, there was short interest totalling 27,646,259 shares, a decrease of 16.8% from the December 15th total of 33,216,191 shares. Based on an average daily volume of 13,155,824 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the shares of the company are sold short.
Who are some of Citigroup's key competitors?
Some companies that are related to Citigroup include JPMorgan Chase & Co. (JPM), Bank of America (BAC), Wells Fargo & Co (WFC), HSBC (HSBC), HSBC (HSBA), Royal Bank of Canada (RY), Banco Santander (SAN), Mitsubishi UFJ Financial Group (MTU), Toronto Dominion Bank (TD), U.S. Bancorp (USB), Itau Unibanco (ITUB), Westpac Banking (WBK), HDFC Bank (HDB), Bank of Nova Scotia (BNS), ING Groep (ING), PNC Financial Services Group (PNC), Lloyds Banking Group (LYG) and Banco Bradesco (BBD).
Who are Citigroup's key executives?
Citigroup's management team includes the folowing people:
- Michael E. O'Neill, Independent Chairman of the Board (Age 70)
- James A. Forese, President, Chief Executive Officer - Institutional Clients Group (Age 54)
- Michael L. Corbat, Chief Executive Officer, Director (Age 56)
- John C. Gerspach CPA., , Chief Financial Officer (Age 63)
- Francisco Alberto Aristeguieta, Chief Executive Officer, Asia Pacific (Age 51)
- James Charles Cowles, Chief Executive Officer - Europe, Middle East & Africa (Age 61)
- Barbara J. Desoer, Chief Executive Officer - Citibank, N.A. (Age 64)
- Jane Nind Fraser, Chief Executive Officer - Latin America (Age 49)
- William J. Mills, Chief Executive Officer - North America (Age 61)
- Raja Akram, Chief Accounting Officer, Controller (Age 45)
Who owns Citigroup stock?
Citigroup's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Greenhaven Associates Inc. (0.44%), Schwab Charles Investment Management Inc. (0.41%), Chevy Chase Trust Holdings Inc. (0.13%), Strs Ohio (0.12%), Oldfield Partners LLP (0.11%) and Cornerstone Investment Partners LLC (0.10%). Company insiders that own Citigroup stock include Andrew Farncomb, Don Callahan, Francisco Aristeguieta, James A Forese, Jeffrey R Walsh, John C Gerspach, John Eric Wenger, Joseph Michael Murray, Judith Rodin, Matthew Lennox-King, Michael Corbat, W Bradford Hu and William Mills. View Institutional Ownership Trends for Citigroup.
Who sold Citigroup stock? Who is selling Citigroup stock?
Citigroup's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, First American Bank, Schwab Charles Investment Management Inc., Gateway Investment Advisers LLC, Strs Ohio, First Manhattan Co., Factory Mutual Insurance Co. and Terril Brothers Inc.. Company insiders that have sold Citigroup company stock in the last year include Francisco Aristeguieta, James A Forese, Jeffrey R Walsh, Joseph Michael Murray, Michael Corbat and W Bradford Hu. View Insider Buying and Selling for Citigroup.
Who bought Citigroup stock? Who is buying Citigroup stock?
Citigroup's stock was acquired by a variety of institutional investors in the last quarter, including Cornerstone Investment Partners LLC, State of Alaska Department of Revenue, Greenhaven Associates Inc., UMB Bank N A MO, Skylands Capital LLC, Jones Collombin Investment Counsel Inc, Laurel Grove Capital LLC and CWM LLC. Company insiders that have bought Citigroup stock in the last two years include Andrew Farncomb, Don Callahan, John C Gerspach, John Eric Wenger, Matthew Lennox-King and William Mills. View Insider Buying and Selling for Citigroup.
How do I buy Citigroup stock?
Shares of Citigroup can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Citigroup's stock price today?
One share of Citigroup stock can currently be purchased for approximately $78.55.
How big of a company is Citigroup?
Citigroup has a market capitalization of $207.69 billion and generates $87.97 billion in revenue each year. The financial services provider earns $-6,204,000,000.00 in net income (profit) each year or $5.55 on an earnings per share basis. Citigroup employs 219,000 workers across the globe.
How can I contact Citigroup?
Citigroup's mailing address is 388 Greenwich St, NEW YORK, NY 10013-2375, United States. The financial services provider can be reached via phone at +1-212-5591000 or via email at [email protected]
MarketBeat Community Rating for Citigroup (C)MarketBeat's community ratings are surveys of what our community members think about Citigroup and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Citigroup (NYSE:C) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Hold|
|Consensus Rating Score: ||2.50||2.57||2.52||2.48|
|Ratings Breakdown: ||1 Sell Rating(s)|
8 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
6 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$80.41||$77.42||$75.29||$67.71|
|Price Target Upside: ||5.40% upside||3.64% upside||4.41% upside||0.48% downside|
Citigroup (NYSE:C) Consensus Price Target History
Citigroup (NYSE:C) Analyst Ratings History
(Data available from 1/24/2016 forward)
Citigroup (NYSE:C) Earnings History and Estimates Chart
Citigroup (NYSE C) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/16/2018||Q4 2017||$1.19||$1.28||$17.23 billion||$17.26 billion||View||Listen|
|10/12/2017||Q3 2017||$1.32||$1.42||$17.87 billion||$18.17 billion||View||N/A|
|7/14/2017||Q2 2017||$1.21||$1.28||$17.38 billion||$17.90 billion||View||N/A|
|4/13/2017||Q1 2017||$1.24||$1.35||$17.75 billion||$18.12 billion||View||N/A|
|1/18/2017||Q416||$1.12||$1.14||$17.26 billion||$17.00 billion||View||N/A|
|10/14/2016||Q316||$1.16||$1.24||$17.32 billion||$17.80 billion||View||Listen|
|7/15/2016||Q216||$1.10||$1.24||$17.47 billion||$17.55 billion||View||N/A|
|4/15/2016||Q116||$1.03||$1.10||$17.79 billion||$17.56 billion||View||N/A|
|1/15/2016||Q415||$1.05||$1.06||$17.80 billion||$18.46 billion||View||Listen|
|10/15/2015||Q315||$1.29||$1.31||$19.27 billion||$18.50 billion||View||Listen|
|7/16/2015||Q215||$1.35||$1.45||$19.37 billion||$19.20 billion||View||Listen|
|4/16/2015||Q115||$1.39||$1.52||$19.83 billion||$19.70 billion||View||Listen|
|1/15/2015||Q414||$0.09||$0.06||$19.22 billion||$17.80 billion||View||N/A|
|10/14/2014||Q314||$1.12||$1.15||$19.04 billion||$19.98 billion||View||Listen|
|7/14/2014||Q214||$1.08||$1.24||$18.94 billion||$19.38 billion||View||N/A|
|4/14/2014||Q114||$1.14||$1.30||$19.38 billion||$20.10 billion||View||Listen|
|1/16/2014||Q413||$1.12||$0.82||$18.18 billion||$17.90 billion||View||Listen|
|10/15/2013||Q313||$1.11||$1.02||$18.73 billion||$18.20 million||View||Listen|
|7/15/2013||Q2 2013||$1.18||$1.25||$19.67 billion||$20.50 billion||View||Listen|
|4/15/2013||Q1 2013||$1.18||$1.23||$20.15 billion||$20.50 billion||View||Listen|
|1/17/2013||Q4 2012||$1.04||$0.69||$18.82 billion||$18.30 billion||View||N/A|
Citigroup (NYSE:C) Earnings Estimates
2018 EPS Consensus Estimate: $6.26
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Citigroup (NYSE:C) Dividend Information
|Dividend Growth:||188.40% (3 Year Average)|
|Payout Ratio:||23.06% (Trailing 12 Months of Earnings) |
20.22% (Based on This Year's Estimates)
17.61% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Citigroup (NYSE:C) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Citigroup (NYSE C) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.10%
Institutional Ownership Percentage: 78.61%
Citigroup (NYSE C) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/10/2017||John Eric Wenger||Insider||Buy||7,000||$0.00||$0.00|
|10/24/2017||John Eric Wenger||Insider||Buy||3,200||$0.00||$0.00|
|10/5/2017||John Eric Wenger||Insider||Buy||5,200||$0.00||$0.00|
|8/10/2017||Francisco Aristeguieta||CEO||Sell||40,000||$67.55||$2,702,000.00||77,570|| |
|8/4/2017||Jeffrey R Walsh||Insider||Sell||5,000||$68.97||$344,850.00||56,394|| |
|7/27/2017||John Eric Wenger||Insider||Buy||4,500||$0.00||$0.00|
|7/26/2017||John Eric Wenger||Insider||Buy||61,500||$0.00||$0.00|
|6/30/2017||John Eric Wenger||Insider||Buy||12,000||$0.00||$0.00|
|2/17/2017||James A Forese||President||Sell||55,436||$59.60||$3,303,985.60||500,438|| |
|2/16/2017||James A Forese||President||Sell||55,436||$59.60||$3,303,985.60||565,438|| |
|2/16/2017||Joseph Michael Murray||Insider||Sell||7,037||$60.25||$423,979.25||46,950|| |
|2/16/2017||Michael Corbat||CEO||Sell||83,285||$60.14||$5,008,759.90||548,060|| |
|1/31/2017||W. Bradford Hu||Insider||Sell||10,109||$55.96||$565,699.64||37,137|| |
|7/20/2016||Joseph Michael Murray||Insider||Sell||8,122||$44.35||$360,210.70||35,042|| |
|5/24/2016||Judith Rodin||Director||Sell||36||$45.80||$1,648.80||7,027|| |
|4/20/2016||W. Bradford Hu||Insider||Sell||9,528||$45.83||$436,668.24||53,282|| |
|2/11/2016||Don Callahan||insider||Buy||5,700||$35.04||$199,728.00||4,170|| |
|2/9/2016||John C Gerspach||CFO||Buy||13,000||$37.62||$489,060.00||171,045|| |
|1/22/2016||Michael Corbat||CEO||Buy||25,000||$41.05||$1,026,250.00||380,765|| |
|8/24/2015||Michael E Oneill||Director||Buy||28,700||$50.16||$1,439,592.00||28,700|| |
|8/15/2014||John C Gerspach||CFO||Sell||2,000||$48.55||$97,100.00|| |
|5/20/2014||William Thompson||Director||Buy||40,228||$37.32||$1,501,308.96||6,438|| |
|4/16/2014||Francisco Aristeguieta||CEO||Sell||2,320||$47.66||$110,571.20||45,069|| |
|4/15/2014||Barbara Desoer||CEO||Buy||1,000||$48.19||$48,190.00||1,000|| |
|2/19/2014||Stephen Bird||CEO||Sell||20,000||$49.06||$981,200.00||309,494|| |
|7/18/2013||Don Callahan||Insider||Sell||45,000||$52.14||$2,346,300.00|| |
|11/26/2012||Michael E Oneill||Director||Buy||28,200||$35.52||$1,001,664.00|| |
|11/20/2012||Joan E Spero||Director||Buy||1,000||$36.07||$36,070.00|| |
|11/8/2012||William S Thompson||Director||Buy||6,850||$36.25||$248,312.50|| |
Citigroup (NYSE C) News Headlines
Citigroup (NYSE:C) SEC Filings
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Citigroup (NYSE:C) Income Statement, Balance Sheet and Cash Flow Statement
Citigroup (NYSE C) Stock Chart for Wednesday, January, 24, 2018