5 Most Undervalued Financial Stocks To Buy According To Hedge Funds

4. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 81

Citigroup Inc. (NYSE:C) is a highly popular financial stock among hedge funds tracked by Insider Monkey. As of the end of the fourth quarter of 2022, 81 of the 943 hedge funds in Insider Monkey’s proprietary database had stakes in Citigroup Inc. (NYSE:C). The net worth of these stakes was over $7.5 billion.

For the fourth quarter, Citigroup Inc. (NYSE:C)’s EPS came in at $1.10, missing estimates by $0.10. Revenue in the quarter jumped about 5.8% on a YoY basis to reach $18 billion, beating estimates by $30 million.

However, the growth in revenue was driven by Citigroup Inc. (NYSE:C)’s sale of its Thailand consumer business.

At the end of the fourth quarter of 2022, Warren Buffett’s Berkshire Hathaway had a $2.4 billion stake in Citigroup Inc. (NYSE:C). The second biggest hedge fund stakeholder was Boykin Curry’s Eagle Capital Management which owns an $874 million stake in Citigroup Inc. (NYSE:C).