In this article, we shall discuss the 5 best undervalued stocks to buy now according to billionaire D.E Shaw. To read our detailed analysis of Shaw’s history, his investment philosophy, and hedge fund performance, go directly and see 10 Best Undervalued Stocks to Buy Now According to Billionaire DE Shaw.
5. Citigroup Inc. (NYSE:C)
D.E. Shaw’s Stake Value: $364.1M
Percentage of D.E. Shaw’s 13F Portfolio: 0.42%
Number of Hedge Fund Holdings: 82
PE Ratio (TTM): 6.48
Based in New York City, Citigroup Inc. (NYSE:C) is an American multinational investment bank and financial services corporation, formed through a merger between banking giant Citicorp and financial conglomerate Travelers Group in 1998. It is the third largest banking institution in the United States. As of the second quarter of 2022, Citigroup Inc. (NYSE:C) posted an EPS of $2.19, beating estimates of $1.68 by $0.51. Furthermore, the company reported a total revenue of $19.6 billion in Q2 2022. It is one of the most prominent undervalued stocks to buy now according to D.E. Shaw.
Hedge fund sentiment around Citigroup Inc. (NYSE:C) has decreased significantly, with 82 hedge funds long the stock in Q2 2022. This is down from Q1 2022, when 88 funds held stakes in Citigroup Inc. (NYSE:C).
Citigroup Inc. (NYSE:C) was mentioned in Diamond Hill Capital’s Q1 2022 investor letter. Here is what the firm said:
“Shares of Citigroup (NYSE:C) 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.”