5 Best Cheap Stocks To Buy For 2024

2. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 87

Forward P/E Ratio as of April 20: 8.31

Citigroup Inc. (NYSE:C) is a financial services holding company offering a wide range of financial products and services to consumers, corporations, governments, and institutions.

On February 14, investment advisory Piper Sandler upgraded Citigroup Inc. (NYSE:C) stock from Neutral to Overweight, also raising the price target to $63 from $56.

As of the fourth quarter of 2023, 87 hedge funds listed in the Insider Monkey database held stakes in Citigroup Inc. (NYSE:C), with a total value of $10.2 billion. This represents an increase from the 79 hedge funds holding stakes worth $6.9 billion in the previous quarter.