12 Best Warren Buffett Stock Picks For Beginners

6. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 101

Berkshire Hathaway’s Stake Value: $1,030,474,546

Citigroup Inc. (NYSE:C) is a global financial services company offering a wide range of services to consumers, businesses, and governments. The company operates through five main segments – Services, Markets, Banking, U.S. Personal Banking, and Wealth. It is one of the top Warren Buffett stock picks for beginners, with the billionaire holding a billion dollar stake in the company.

On April 16, Truist Securities maintained a Buy rating on Citigroup Inc. (NYSE:C) but trimmed the price target to $79 from $84. Truist has slightly lowered its 2025 earnings forecast for Citigroup, lowering it by $0.10 to $7.40 per share. The adjustment comes from softer revenue expectations and a more cautious outlook on credit losses. Revenue and expense projections are still in line with Citi’s updated guidance.

Citigroup Inc. (NYSE:C) reported a net income of $4.1 billion for Q1 2025, or $1.96 per diluted share, compared to $3.4 billion, or $1.58 per share, in Q1 2024. Revenue grew by 3%, driven by growth across Citi’s five business segments. The growth in net income was attributed to higher revenues and lower expenses, though it was partially offset by higher credit costs. Citigroup’s end-of-period loans reached $702.1 billion, up 4% from the previous year, driven by growth in Services, Markets, and Retail Banking. Deposits totaled $1.3 trillion, up 1% from the prior year, and the company returned $2.8 billion to shareholders during the quarter through dividends and share repurchases.

Among the hedge funds tracked by Insider Monkey, 101 funds were bullish on Citigroup Inc. (NYSE:C) at the end of Q4 2024, compared to 88 funds in the previous quarter.