12 Best Dow Jones Dividend Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 75

Dividend Yield as of January 27: 1.92%

On January 16, Bank of America lifted its price target on The Goldman Sachs Group, Inc. (NYSE:GS) to $1,100 from $1,050 and kept a Buy rating in place. The call followed a strong fourth quarter and growing momentum across dealmaking and IPO activity. The firm also pointed to a shifting regulatory environment that is “significantly boosting Goldman’s competitive positioning.” Alongside management’s push for steady, durable growth and profitability, BofA sees room for earnings in 2026 to come in ahead of current expectations.

Around the same time, a Reuters report said Qatar Investment Authority and Goldman Sachs signed a preliminary agreement to expand their strategic partnership. The arrangement targets up to $25 billion in investments from the Gulf wealth fund into Goldman-managed vehicles and co-investment opportunities.

Under the memorandum of understanding, QIA will serve as an anchor investor in several of Goldman’s flagship and more innovative strategies, according to a joint statement released on January 20. Goldman also said it plans to “meaningfully” increase its headcount in Doha, though no specific figures were disclosed.

Qatar, one of the world’s largest exporters of liquefied natural gas, has been pushing to diversify its economy beyond hydrocarbons and attract more foreign capital. As part of that effort, it has been expanding its financial sector, drawing in global asset managers and investment banks. Many of those firms have been increasing their presence in Doha to work more closely with institutions like QIA.

The Goldman Sachs Group, Inc. (NYSE:GS) is a global financial institution that provides a broad range of financial services to corporations, financial institutions, governments, and individual clients.