14 Best Holding Company Stocks to Buy Right Now

10. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 81

The Goldman Sachs Group, Inc. (NYSE:GS) is an investment banking company known for its banking, securities, asset, and wealth management services. It operates in Asset & Wealth Management, Global Banking & Markets, and Platform Solutions segments.

The Goldman Sachs Group, Inc. (NYSE:GS) posted remarkable results in FY2024, with revenue growing by 15% year-over-year to $52.2 billion. The company’s profit margin of 26% soared by 17% from a year ago, driven by higher revenue. The company increased the percentage of first-lien positions in its portfolio to 96.3% in 2024, improving its portfolio security. In addition to that, Goldman Sachs has announced a new dividend structure with a base of $0.32 per share and supplemental variable distributions.

On February 19, Wells Fargo analyst Mike Mayo upgraded the price target on GS shares, up from $680 per share to $720 per share, and kept an Overweight rating. Mayo has raised its EPS estimates for GS, indicating better-expected margins in all three business lines.