5 Best Fintech Stocks to Buy at a Discount

In this article, we will take a look at the 5 best fintech stocks to buy at a discount. To see more such companies, go directly to 13 Best Fintech Stocks to Buy at a Discount.

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

Number of Hedge Fund Holders: 74

The Goldman Sachs Group, Inc. (NYSE:GS)’ PE ratio stands at about 10 as of April 12. The Goldman Sachs Group, Inc. (NYSE:GS)’s dividend yield is over 3%. GS is down 5.4% year to date through April 12. In February, The Goldman Sachs Group, Inc. (NYSE:GS)’s board approved a new share repurchase program of up to $30 billion.

As of the end of the fourth quarter of 2022, 74 hedge funds tracked by Insider Monkey had stakes in The Goldman Sachs Group, Inc. (NYSE:GS). The biggest stakeholder of The Goldman Sachs Group, Inc. (NYSE:GS) was Boykin Curry’s Eagle Capital Management which owns a $1.1 billion stake in the company.

Manole Capital Management made the following comment about The Goldman Sachs Group, Inc. (NYSE:GS) in its Q3 2022 investor letter:

“Back in 2019, The Goldman Sachs Group, Inc. (NYSE:GS) made a splash in the card industry by working with Apple and MasterCard on a credit card. The actual card is fairly sleek (as you can see below), as customers names are etched into an Apple titanium card. The no-fee card generated a lot of hype, as many early users were quick to post their latest card on various social media sites.

The initial goal of Marcus (back in 2016) was to leverage Goldman’s wonderful name brand and build a full-service digital bank. This card was a large piece of GS’s ambitions to grow its retail banking franchise called Marcus. After 5 years, Marcus now has 14 million customers and $16 billion in loan balances. Surprisingly, Marcus now represents nearly 20% of the firm’s total revenue.

We thought it would be interesting to look how the Apple Card is doing in terms of loans and exposures. With over $100 billion in assets, this has been a successful source of cheap deposits for GS. Despite having an institutional / “white shoe” brand in the investment banking and trading world, GS’s Apple Card has been a disappointment.” (Click here to read the full text)