In this piece, we will take a look at the top five value stock picks of the investment bank Goldman Sachs. For a detailed introduction to value investing and some of its most well known adherents, you can read Goldman Sachs Value Stocks: Top 12 Stock Picks.
5. Cisco Systems, Inc. (NASDAQ:CSCO)
Goldman Sachs’ Q3 2023 Investment Value: $1.6 billion
Latest Price To Forward Earnings Ratio: 12.36
Cisco Systems, Inc. (NASDAQ:CSCO) is a sizeable company that sells communications and networking products. The firm’s third quarter results were an interesting bunch, as while Cisco Systems, Inc. (NASDAQ:CSCO) beat analyst EPS estimates, a guidance cut sent shares tumbling.
By the end of June 2023, 55 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Cisco Systems, Inc. (NASDAQ:CSCO)’s shares. During September, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the biggest hedge fund shareholder as it owned 23.7 million shares that were worth $1.2 billion.
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4. Exxon Mobil Corporation (NYSE:XOM)
Goldman Sachs’ Q3 2023 Investment Value: $2 billion
Latest Price To Forward Earnings Ratio: 10.24
Exxon Mobil Corporation (NYSE:XOM) is a petro giant with a diversified global presence base and a large retail presence. These days, the firm is aggressively interested in expanding its presence in the lithium market. However, the plans might hit a snag as prices surprisingly crashed in November 2023.
71 out of the 910 hedge funds part of Insider Monkey’s second quarter of 2023 database had held a stake in the oil giant. Exxon Mobil Corporation (NYSE:XOM)’s largest stakeholder in the third quarter was Jean-Marie Eveillard’s First Eagle Investment Management due to its $1.5 billion investment.
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3. JPMorgan Chase & Co. (NYSE:JPM)
Goldman Sachs’ Q3 2023 Investment Value: $2.6 billion
Latest Price To Forward Earnings Ratio: 10.06
JPMorgan Chase & Co. (NYSE:JPM) is one of the biggest private banks in the world. The firm’s CEO, Mr. Jamie Dimon was out with a rather dark warning for investors in its Q3 2023 earnings call when he shared that the world might be seeing ‘the most dangerous time’ in decades.
Yet, in the previous quarter, 106 out of the 910 hedge funds polled by Insider Monkey were JPMorgan Chase & Co. (NYSE:JPM)’s investors. During Q3, its biggest hedge fund shareholder was Ken Fisher’s Fisher Asset Management courtesy of a $1.6 billion stake.
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2. NRG Energy, Inc. (NYSE:NRG)
Goldman Sachs’ Q3 2023 Investment Value: $2.4 billion
Latest Price To Forward Earnings Ratio: 7.86
NRG Energy, Inc. (NYSE:NRG) is an American electricity provider and trader headquartered in Houston, Texas. Following disastrous earnings performance during its four latest quarters and a Q3 sizeable stake increase (275%) by activist investor Elliot Management, the firm’s CEO was replaced in November 2023 as part of what appears to be a turnaround effort.
Insider Monkey scoured through 910 hedge fund portfolios for their June quarter of 2023 shareholdings and discovered that 39 had invested in the firm. NRG Energy, Inc. (NYSE:NRG)’s largest investor in the succeeding quarter was Paul Singer’s Elliott Management since it owned 10.3 million shares that were worth $399 million.
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1. Ford Motor Company (NYSE:F)
Goldman Sachs’ Q3 2023 Investment Value: $1.4 billion
Latest Price To Forward Earnings Ratio: 5.74
Ford Motor Company (NYSE:F) is one of the biggest car manufacturers in America. November 2023 restored calm at the firm after it entered into a fresh deal with union workers after a historic strike. The stock is rated Buy on average and analysts have set an average share price target of $13.13.
During Q2 2023, 40 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Ford Motor Company (NYSE:F)’s shares. Ken Fisher’s Fisher Asset Management was the biggest shareholder during the September quarter, courtesy of its $690 million investment.
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Disclosure: None. You can also take a look at Citadel Stock Holdings: 12 Biggest Energy Stocks and 23 Richest Countries in Asia by GDP Per Capita in 2023.
