5 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital

In this piece we will take a look at the top five stocks to buy under $20 according to Cliff Asness’ AQR Capital. If you want to learn about Mr. Asness, his firm and his other prominent stock picks, then head on over to 10 Stocks to Buy Under $20 According to Cliff Asness’ AQR Capital.

5. Fulton Financial Corporation (NASDAQ:FULT)

AQR Capital Management’s Stake Value: $26 million

Percentage of AQR Capital Management’s 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 11

Share price on April 25, 2022: $15.89

Fulton Financial Corporation (NASDAQ:FULT) is a financial holding company that provides consumer banking and services. These include checking accounts, savings deposits, loans, lines of credit, and lease financing among others

AQR Capital Management owned 1.5 million Fulton Financial Corporation (NASDAQ:FULT) shares by the end of the fourth quarter of last year. These were worth $26 million and they represented 0.04% of its investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds outlined that 11 had bought the bank’s shares.

Fulton Financial Corporation (NASDAQ:FULT) raked in $216 million in revenue and $0.38 in GAAP EPS for its first fiscal quarter, beating analyst GAAP estimates but missing them for revenue. DA Davidson increased the company’s share price target to $20 from $16 in January 2022, outlining that its interest income can rise.

Fulton Financial Corporation (NASDAQ:FULT)’s largest investor after AQR Capital is Ken Griffin’s Citadel Investment Group which owns one million shares that are worth $17 million.