Should You Buy the Dip and Follow Insiders into These 10 Stocks?

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

Number of Insiders Buying: 1

Market Capitalization: $171.35 billion

Goldman Sachs Group is a top global investment bank that serves high-profile clients, including multinational corporations, institutional investors, and sovereign wealth funds. Its diversified business model spans investment banking, consumer banking, trading & markets, and asset management, ensuring stability by not relying on a single sector. The stock is also considered one of the 10 most profitable value stocks to buy now.

Goldman Sachs has paid consistent dividends since 1999. In fiscal 2024, the company returned $3.8 billion to shareholders through dividends. On January 15, it announced a quarterly dividend of $3.00 per share, matching its previous payout. For the fourth quarter of 2024, Goldman Sachs reported net revenues of $13.87 billion, up from $11.32 billion in the same period in 2023.

On January 17, one insider purchased a total of $1.49 million worth of Goldman Sachs shares at a price of $619.02 per share. Year-to-date, the stock dropped 3.72%, and currently trades at $551.34 per share. However, over the past 12 months, Goldman Sachs returned 43.44% to its investors.

The company recently posted results of its new national survey 10,000 Small Businesses Voices revealing optimism among the small business owners about the coming year. The owners hope Congress will prioritize tax reform, address inflation, and increase access to capital to help them grow and create new jobs.

On March 14 the company issued an annual letter to its investors saying the company managed to achieve or exceed all the performance targets that it had set for itself. “Whatever the future holds, I am very confident about the trajectory of Goldman Sachs. We are ready to continue serving our clients and drive stronger returns for shareholders, as we execute with a relentless emphasis on client service, partnership, integrity and excellence,” wrote David Solomon, chair and CEO at Goldman Sachs.

Fifteen analysts have given Goldman Sachs stock an average “Moderate Buy” rating, with a price target of $665.54. The average price target suggests a 20.71% upside from the current price, writes TipRanks.