5 Dividend Stocks to Buy According to Sean Murphy’s Game Creek Capital

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1. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 88
Game Creek Capital’s Stake Value: $2,002,000
Dividend Yield as of May 31: 3.80%

Citigroup Inc. (NYSE:C) is an American multinational investment bank and financial services company. The bank is in the early stages of acquiring the Mexican branches of Deutsche Bank, as the German bank closes down its operations in Mexico.

At the end of Q1 2022, Game Creek Capital held 37,500 shares in Citigroup Inc. (NYSE:C), valued at over $2 million, after reducing its stake in the company by 5%. The company represented 0.79% of Sean Murphy’s portfolio. In May, Credit Suisse set a $58 price target on Citigroup Inc. (NYSE:C), while downgrading the stock to Neutral. The firm mentioned the negative returns of the stock in its May investors’ note and sees a delay in the company’s transformation process.

Citigroup Inc. (NYSE:C) currently pays a quarterly dividend of $0.51 per share, with a dividend yield of 3.80%, as of the close of May 31.

The number of hedge funds tracked by Insider Monkey owning stakes in Citigroup Inc. (NYSE:C) stood at 88 in Q1 2022, declining from 97 in the previous quarter. The consolidated value of these stakes is over $8.1 billion, up from $6.6 billion worth of stakes held by hedge funds in Q4 2021.

You can also take a look at 10 Dividend Aristocrats to Buy for 2022 and 10 Cheap Value Stocks to Buy for 2022

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