5 Best Bank Stocks for Dividends

4. Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 76
Total Value of Hedge Fund Holdings: $4.60 Billion
Dividend Yield as of May 7: 1.37%

New York-based multinational investment bank and financial services company Goldman Sachs Group, Inc. (NYSE:GS) ranks 4th in our list of 10 best bank stocks for dividends. The company was founded in 1869 and had over 3 million total customers. On May 14, BMO Capital analyst James Fotheringham upgraded Goldman Sachs to Outperform from Market Perform with a price target of $276. Goldman Sachs Group, Inc. (NYSE:GS) has a market cap of $126.0 billion. The company’s net revenue in 2020 came in at $10.78 billion. Shares of GS increased 100% over the past twelve months.

There were 76 hedge funds that reported owning stakes in Goldman Sachs Group, Inc. (NYSE:GS) at the end of the fourth quarter, up from 70 funds a quarter earlier. The total value of these stakes at the end of Q4 is $4.60 billion.

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