10 Best Undervalued Stocks to Buy According to Billionaires

8. Citigroup Inc. (NYSE:C)

Number of Billionaire Investors: 17; Holdings: $4.5 Billion

Number of Hedge Fund Holders: 101

Forward P/E: 9.1; P/B: 0.68

Citigroup Inc. (NYSE:C) is a global financial services holding company offering banking, wealth management, and investment solutions across nearly 160 countries. The company is a leader in cross-border transactions and corporate banking, leveraging its vast international presence to serve multinational corporations and institutional investors.

Citigroup Inc. (NYSE:C) remains a key player in global banking, with a strong presence in corporate banking, wealth management, and capital markets. The company has been streamlining its operations through cost-cutting initiatives and exiting non-core markets to improve profitability. However, Morgan Stanley analyst Betsy Graseck, on March 13, lowered the price target from $110 to $109, although reaffirmed an Overweight rating. The analyst highlighted that the expected capital markets rebound in 2025 has not materialized as she anticipated, leading to reduced investment banking revenue estimates due to market volatility delaying deal activity. However, she noted that large-cap banks and mid-cap advisory stocks seem oversold based on her updated estimates.