In this piece, we will take a look at the five most profitable European stocks. If you want to see what’s happening in Europe’s financial markets and the economy right now, then read 12 Most Profitable European Stocks.
5. Stellantis N.V. (NYSE:STLA)
Latest TTM Net Income: $21.61 billion
Stellantis N.V. (NYSE:STLA) is one of the biggest car manufacturers in the world. Like other big car companies, it is aggressively targeting the budding electric vehicle industry, and on this front, Stellantis N.V. (NYSE:STLA) announced a new series of cheap EVs designed to gain market share.
During this year’s third quarter, 27 out of the 910 hedge funds surveyed by Insider Monkey had invested in the company. Stellantis N.V. (NYSE:STLA)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $855 million stake.
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Follow Stellantis N.v. (NYSE:STLA)
4. BP p.l.c. (NYSE:BP)
Latest TTM Net Income: $25.6 billion
BP p.l.c. (NYSE:BP) is a British energy company headquartered in London, the United Kingdom. The firm has struggled on the financial front lately, as it has missed analyst EPS estimates in three out of its four latest quarters. Analysts have rated the shares as Buy on average and set an average share price target of $44.90.
Insider Monkey scoured through 910 hedge fund holdings for Q3 2023 to find 35 BP p.l.c. (NYSE:BP) shareholders. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the biggest investor in our database courtesy of its $824 million investment.
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Follow B P Plc (NYSE:BP)
3. HSBC Holdings plc (NYSE:HSBC)
Latest TTM Net Income: $27.4 billion
HSBC Holdings plc (NYSE:HSBC) is a diversified British bank with a global operations base. After a global investment climate shakeup due to high policy rates in the developed world, the bank is currently expanding its operations in Asia by focusing on mergers and divestment.
Insider Monkey’s September quarter of 2023 survey covering 910 hedge funds revealed that 14 had held a stake in the bank. HSBC Holdings plc (NYSE:HSBC)’s largest hedge fund shareholder is Jim Simons’ Renaissance Technologies as it owns 1.4 million shares that are worth $56.2 million.
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Follow Hsbc Holdings Plc (NYSE:HSBC)
2. Shell plc (NYSE:SHEL)
Latest TTM Net Income: $28.9 billion
Shell plc (NYSE:SHEL) is an oil and gas major that is headquartered in London, the United Kingdom. It has held up well on the financial front lately by beating analyst EPS estimates in three out of its four latest quarters. The shares are rated Strong Buy on average and analysts have set an average share price target of $74.50.
During 2023’s third quarter, 49 out of. the 910 hedge funds polled by Insider Monkey had invested in Shell plc (NYSE:SHEL). Ken Fisher’s Fisher Asset Management was the biggest investor through its $1.4 billion stake.
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Follow Shell Plc
1. UBS Group AG (NYSE:UBS)
Latest TTM Net Income: $30.8 billion
UBS Group AG (NYSE:UBS) is a diversified Swiss bank that provides investment banking, asset management, and personal banking products and services. After acquiring Credit Suisse during this year’s banking turmoil, it is now seeking to recover millions of dollars paid to deal makers before the deal.
For their Q3 2023 shareholdings, 33 out of the 910 hedge funds part of Insider Monkey’s database had bought and owned the firm’s shares. UBS Group AG (NYSE:UBS)’s largest hedge fund shareholder is Richard S. Pzena’s Pzena Investment Management due to its $150 million investment.
Disclosure: None. You can also take a look at 15 Undervalued S&P 500 Stocks Billionaires Are Loading Up On and 20 Most Expensive Gemstones in the World.
