Tom Gayner’s Markel Gayner Asset Management Portfolio: Top 5 Finance Stocks

In this article, we discuss Tom Gayner’s Markel Gayner Asset Management’s top 5 finance stocks. If you want our detailed analysis of these stocks, go directly to Tom Gayner’s Markel Gayner Asset Management Portfolio: Top 10 Finance Stocks.

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

Markel Gayner Asset Management’s Stake Value: $129,990,000

Percentage of Markel Gayner Asset Management’s 13F Portfolio: 1.64%

Number of Hedge Fund Holders: 61

The Goldman Sachs Group, Inc. (NYSE:GS) is one of the top finance stock picks of Tom Gayner, who owns 343,860 shares in The Goldman Sachs Group, Inc. (NYSE:GS) as of June this year, via Markel Gayner Asset Management. With a stake value of $129.99 million, The Goldman Sachs Group, Inc. (NYSE:GS) represents 1.64% of Gayner’s investment portfolio. The Goldman Sachs Group, Inc. (NYSE:GS) is a multinational investment bank and financial services corporation, specializing in investment management, asset management, securities writing, and prime brokerage, in addition to commercial and investment banking. 

Of the 873 hedge funds tracked by Insider Monkey as of the second quarter, 61 funds were long The Goldman Sachs Group, Inc. (NYSE:GS), down from 77 in the preceding quarter. 

The Goldman Sachs Group, Inc. (NYSE:GS) announced earnings for Q3 on October 15. The EPS for the period equaled $14.93, exceeding estimates by $4.92. The Goldman Sachs Group, Inc. (NYSE:GS)’s actual revenue totaled $13.61 billion, beating estimates by $1.99 billion. 

Oppenheimer analyst Chris Kotowski on October 18 kept an Outperform rating on The Goldman Sachs Group, Inc. (NYSE:GS), raising the price target from $520 to $570, owing to the exceptional Q3 earnings beat.

Here is what Ariel Investments has to say about The Goldman Sachs Group, Inc. (NYSE:GS) in its Q2 2021 investor letter: 

“Goldman Sachs Group Inc. (GS) returned +16.45%. Goldman has posted a series of excellent quarterly results. Merger and equity offering activity has been robust with trading profits bolstered by strong capital market volumes. Goldman’s asset management business has also performed well. Regulators recently moved to allow most large investment banks to return capital to shareholders through dividends and share repurchases. Fundamentally, we think Goldman Sachs is attractively priced at approximately 11 times earnings and a very reasonable multiple of book value.”