12 Best Stocks Under $100 to Buy According to Hedge Funds

7. Citigroup Inc. (NYSE:C)

Share Price as of April 22: $62.69

Number of Hedge Fund Holders: 101

Citigroup Inc. (NYSE:C) is a diversified financial services holding company that provides various financial products and services to consumers, corporations, governments, and institutions. It has five segments: Services, Markets, Banking, US Personal Banking, and Wealth. It operates in North America, the UK, Japan, North & South Asia, Australia, Europe, the Middle East, and Africa.

In Q1 2025, the company’s Wealth revenues surged by 24% year-over-year, with all three of its constituent businesses (Citi Gold, the Private Bank, and Wealth at Work) contributing to this expansion. This growth was driven by fee revenue, which fueled non-interest revenue growth of 16%. The business also showed a strong ability to attract client assets, which is evidenced by the ~11% organic growth in client investment. This translates to net new investment assets of $16.5 billion in Q1 and over $56 billion in the last 12 months.

While expenses were roughly flat due to offsetting factors like prior workforce reductions and increased revenue-related costs, the pre-tax margin for the Wealth segment at Citigroup Inc. (NYSE:C) stood at a healthy 17%. The segment achieved positive operating leverage for the fourth consecutive quarter. End-of-period client balances also increased by 7%, which was driven by strong net new investment asset flows and positive market valuation.

Diamond Hill Capital Long-Short Fund stated the following regarding Citigroup Inc. (NYSE:C) in its first quarter 2024 investor letter:

“Other top Q1 contributors included Meta Platforms, Citigroup Inc. (NYSE:C) and Walt Disney. Banking and financial services company Citigroup’s restructuring efforts are ongoing, and it continues remediating regulatory issues and building capital in anticipation of increased requirements. The company expects to see expenses fall meaningfully in the second half of 2024, bolstering the outlook from here.”