Eight Reasons to Buy Citigroup
05/26/2017 2:56 am EST
Although the recent sharp sell-off in the U.S. stock markets may have unnerved some human traders, proprietary data driven system continued to generate its recommendations while giving no attention to Mr. Market’s mood swings, explains Nicholas Vardy, editor of Alpha Algorithm.
Our latest recommendation is Citigroup Inc. (C); based in New York, Citigroup is a global financial services company that provides its customers with a broad range of financial products and services.
Citibank also offers fixed income and equity sales and trading, foreign exchange, prime brokerage and equity and fixed income research services.
Here are eight different top-rated investment strategies that are betting on this stock:
Citigroup is a top U.S. stock based on fundamentals measured by book value, cash flow, sales and dividends.
Goldman Sachs’ Active Beta
The stock is selected according to four factors -- value, quality, momentum and low volatility. These, in turn, are based on criteria including book value, sales and cash flow scaled by share price, profit/assets or return on equity (ROE), risk-adjusted returns and daily standard deviation of returns.
Selected using a multi-factor modeling approach, the company is a value stock designed to enhance portfolio risk/return characteristics.
Goldman Sachs Hedge Fund Index
The stock is part of the Goldman Sachs Hedge Industry Index, which tracks an equal-weighted index of the 50 most frequently held U.S. companies selected from the portfolios of hedge funds.
The stock is one of 30 U.S. companies tracked in an equal-weighted index selected from the portfolios of 10 asset managers with a personal net worth of at least $1 billion.
One of 100 equally weighted U.S.-listed large- and mid-cap stocks chosen based on trading in company stock by corporate insiders, price momentum and trailing 12-month volatility. Specifically, this strategy looks at the increase in insider holding.
The stock is part of a major hedge fund’s systematic strategy that invests in large- and mid-cap U.S. companies with positive momentum and that rank in the top third of total return over the prior 12 months, excluding the last month.
The company shrinks its float while growing free cash flow and not increasing leverage.