5 Best Bank Stocks to Buy Now

4. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 82

Citigroup Inc. (NYSE:C) is a diversified financial services holding company providing a range of financial products and services. The company operates through its Global Consumer Banking and Institutional Clients Group segments.

Chris Kotowski at Oppenheimer holds an ‘Outperform’ rating on Citigroup Inc. (NYSE:C) shares as of July 18. The analyst also raised his price target on the stock from $81 to $86.

Citigroup Inc. (NYSE:C) had EPS of $2.30 in the second quarter, beating estimates by $0.60. The company’s revenue was $19.6 billion, also beating estimates by $1.3 billion.

Out of 895 hedge funds, 82 were long Citigroup Inc. (NYSE:C) in the second quarter, compared to 88 in the previous quarter. Their total stake values were $7.4 billion and $8.1 billion respectively.

Diamond Hill Capital, an investment management firm, mentioned Citigroup Inc. (NYSE:C) in its first quarter 2022 investor letter. Here’s what the fund said:

“Shares of Citigroup declined in the quarter as investors became increasingly negative on capital markets activity. The company is also continuing to divest certain consumer banking geographies which may be dilutive to earnings in the near term.”