Hewlett-Packard Company (HPQ), Bank of America Corp (BAC), Citigroup Inc (C): Pzena Investment Management’s Top 3 Picks


Pzena Investment Management, LLC has released its quarterly 13F report. We will quickly review top three picks by the investment management firm. Pzena’s top three picks are Hewlett-Packard Company (NYSE:HPQ), Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C).

 Hewlett-Packard Company, is HPQ a good stock to buy, Lenovo, Dell, Q3 2014, IBM, Tim Bajarin,

Pzena Investment Management, LLC has 20,836,112 shares of HP which worth around $739 million. Contrary to this, in the last quarter, the investment firm reported 27,317,414 shares of the computing giant. These shares were worth around $813 million. This means that the investment group has downsized its investment in Hewlett-Packard Company (NYSE:HPQ). Among other top shareholders of Hewlett-Packard Company (NYSE:HPQ) include Ralph V. Whitworth’s Relational Investors Group. Hewlett-Packard Company (NYSE:HPQ) recorded its last purchase back in 2012. The company’s stock was sold by William Veghte last month at around $13 per share.

Pzena Investment Management group has second biggest position in the Bank of America Corp (NYSE:BAC). The investment group has 31650403 shares of the corporation which worth $539 million. Contrary to this, Pzena had 31,436,321 shares of the Bank of America Corp (NYSE:BAC) in the last quarter which worth $483 million. Mohnish Pabrai and Bruce Berkowitz’s Fairholme are the other famous shareholders of Bank of America. The Bank of America Corp (NYSE:BAC) recorded its last purchase in 2013. Thomas May sold its shares by the end of last year at $47 per share price.

Pzena Investment has its third biggest position in Citigroup Inc (NYSE:C). It has 10152529 shares of it which worth $526 million. Alex Lieblong’s Key Colony Management is one of the biggest shareholders of Citigroup Inc (NYSE:C). The group reported its last purchase in May this year. Citigroup Inc (NYSE:C) stock was sold by Francisco Aristeguieta last month at $48 share price.

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