Citigroup (NYSE:C) Posts Earnings Results, Beats Expectations By $0.23 EPS

Citigroup (NYSE:C) released its quarterly earnings data on Thursday. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.23, reports. The firm had revenue of $17.15 billion during the quarter, compared to the consensus estimate of $16.93 billion. Citigroup had a net margin of 27.21% and a return on equity of 12.10%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share.

NYSE:C opened at $70.80 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $143.50 billion, a PE ratio of 7.12, a PEG ratio of 0.87 and a beta of 1.91. Citigroup has a 52-week low of $40.49 and a 52-week high of $80.29. The stock has a 50-day simple moving average of $71.16 and a 200 day simple moving average of $71.95.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 2nd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, July 30th. Citigroup’s dividend payout ratio is currently 41.80%.

A hedge fund recently raised its stake in Citigroup stock. Morgan Stanley raised its stake in Citigroup Inc. (NYSE:C) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,162,402 shares of the company’s stock after acquiring an additional 752,313 shares during the period. Morgan Stanley owned approximately 1.19% of Citigroup worth $1,709,491,000 at the end of the most recent quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

C has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Citigroup in a research note on Wednesday, July 7th. They set an “outperform” rating and a $85.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Citigroup from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley lifted their price target on Citigroup from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 29th. Credit Suisse Group dropped their price target on Citigroup from $83.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, July 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $73.00 target price on shares of Citigroup in a research note on Wednesday, July 7th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.14.

About Citigroup

Citigroup, Inc is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking; Institutional Clients Group; and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services.

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Earnings History for Citigroup (NYSE:C)

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