5 Best Value Stocks to Buy for the Next Decade

3. Citigroup Inc. (NYSE:C)

PE Ratio: 6.82

Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) is a New York-based diversified financial services company.

Chris Kotowski at Oppenheimer increased the target price for Citigroup Inc. (NYSE:C) from $81 to $86 in a research note issued on July 18. The analyst maintained an Outperform rating on the stock. Kotowski thinks that the company has a tangible book value (TBV) of $80 per share. According to him, the bank carries a clean balance sheet where non-accruals are only 0.5% of the total loan portfolio. Experts believe that Citigroup Inc.’s (NYSE:C) stock price performance following the Q2 2022 results reflects that the stock is trading at a discounted valuation. Furthermore, the 50 bps improvement in common equity tier one (CET1) reflects that the plan enforced by the new leadership of Citigroup Inc. (NYSE:C) is underway and could be executed successfully in the future.

Diamond Hill Capital shared its insights on Citigroup Inc. (NYSE:C) in its Q1 2022 investor letter. Here’s what the firm said:

“Shares of Citigroup declined in the quarter as investors became increasingly negative on capital markets activity. The company is also continuing to divest certain consumer banking geographies which may be dilutive to earnings in the near term.”

Berkshire Hathaway was the leading hedge fund investor in Citigroup Inc. (NYSE:C) during Q2 2022.