5 Stocks to Buy According to Matthew Hulsizer’s PEAK6 Capital Management

1. Citigroup Inc. (NYSE:C)

PEAK6 Capital Management’s Stake Value: $80,978,000
Percentage of PEAK6 Capital Management’s Portfolio: 0.17%
Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) is a holding corporation that provides financial goods and services. Global Consumer Banking, Institutional Clients Group, and Corporate and Others are the company’s segments. Legendary investor and billionaire Warren Buffett’s Berkshire Hathaway is the biggest stakeholder of Citigroup Inc. (NYSE:C) as of the end of the first quarter of 2022. The Oracle of Omaha owns 55.16 million shares of the company, worth $2.95 billion.

Peak6 Capital Management had a stake worth $80.98 million in Citigroup Inc. (NYSE:C), which contained 1.52 million shares. The investor has boosted his investment in Citigroup Inc. (NYSE:C) by 46% compared to the previous quarter.

Susan Roth Katzke of Credit Suisse downgraded Citigroup Inc. (NYSE:C) from Outperform to Neutral with a price objective of $58 on May 27. The analyst cited valuation as the rationale for the downgrade, pointing out that the stock had risen 15% from its recent lows and was within 10% of the target price.

The number of hedge funds tracked by Insider Monkey owning stakes in Citigroup Inc. (NYSE:C) in Q1 2022 fell to 88 from 97 in the previous quarter. The collective value of these stakes stands at roughly $8.12 billion.

You can also take a peek at 10 Stocks to Buy According to John Rogers’ Ariel Investments and 10 Stocks to Sell According to Jinghua Yan’s TwinBeech Capital

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