5 Best DRIP Stocks To Own

3. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 75

Citigroup Inc. (NYSE:C) is a New York-based financial services company with a broad range of offerings. The company provides a wide array of traditional banking services, including retail banking, commercial banking, and institutional banking.

Citigroup Inc. (NYSE:C) currently pays a quarterly dividend of $0.53 per share and has a dividend yield of 5.07%, as of November 9.

Citigroup Inc. (NYSE:C) was a part of 75 hedge fund portfolios at the end of Q2 2023, down from 79 in the previous quarter, as per Insider Monkey’s database. The total value of these stakes is over $6.7 billion.

Silver Beech Capital mentioned Citigroup Inc. (NYSE:C) in its Q3 2023 investor letter. Here is what the firm has to say:

“Citigroup (“Citi”) is a large-capitalization global diversified financial services holding company that primarily serves multinational institutional and high net worth consumer clients. Citi is one of three large American banks to be designated in “bucket 3 or 4” of the “global systemically important bank” (“G-SIB”) framework by The Basel Committee on Banking Supervision. The other banks in this group are J.P. Morgan and Bank of America. (Click here to see the full text)