5 Cheap Quarterly Dividend Stocks to Buy

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

Number of Hedge Fund Holders: 74

Dividend Yield as of 3/29: 3.12%

Goldman Sachs Group, Inc. (NYSE:GS) is a leading investment bank that also has a pretty sizable asset management business. As a result of the weakness in leading financial blue chip stocks after the failure of Silicon Valley Bank, Goldman Sachs Group, Inc. (NYSE:GS) stock has fallen to trade for a forward P/E of 8 as of March 30. With the lower valuation, the company’s quality investment banking and trading segments, and its normalized earnings power, Goldman Sachs Group, Inc. (NYSE:GS) could be cheap in the long term even if it might have near term downside risk if the financial sector weakens further. During its investor day in February, the company said it is considering strategic alternatives for its consumer platforms business which hasn’t done as well as expected.

74 hedge funds in our database owned shares of Goldman Sachs Group, Inc. (NYSE:GS) at the end of Q4, ranking the stock #4 on our list of 14 Cheap Quarterly Dividend Stocks to Buy.