10 Cheap Value Stocks to Invest in According to Warren Buffett

6. Citigroup Inc. (NYSE:C)

Forward Price to Earnings Ratio: 9.72

Berkshire Hathaway Stake Value: $3.46 Billion

Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) is a diversified financial service holding company that provides various financial products and services to consumers, corporations, governments, and institutions worldwide. Over the past year, the bank has undertaken a restructuring drive as it seeks to reinvigorate its growth metrics and long-term prospects. As of last year, it had divested 9 of its 14 consumer franchises and is in the process of taking its Mexico consumer business public.

The restructuring drive was the catalyst behind the stock’s sentiments receiving a boost, consequently rallying by 36% last year. By focusing on its core business with the ongoing divestment, Citigroup Inc. (NYSE:C) is on course to reach the upper range of its revenue projection of between $80 billion and $81 billion. In the third quarter, the bank delivered solid financial results driven by growth in the investment banking unit and wealth management. It logged $20.32 billion in revenue against $19.84 billion expected.

Citigroup Inc. (NYSE:C) is already seeing stabilization in loan delinquencies among retail clients. Likewise, the trend is expected to improve with the slashing of interest rates following the FED cutting the benchmark rate. The company has also reiterated its commitment to return value to shareholders, having unveiled a $1 billion share repurchase program. The stock also continues to reward income-focused investors with a 3.06% dividend yield.