SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,600 shares of the investment management company’s stock, valued at approximately $1,427,000.
Other hedge funds have also made changes to their positions in the company. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Entrust Financial LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. Finally, Graney & King LLC raised its holdings in shares of The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.
Insider Transactions at The Goldman Sachs Group
In other news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,681 shares of company stock valued at $31,737,875. Corporate insiders own 0.55% of the company’s stock.
The Goldman Sachs Group Price Performance
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $14.12 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is presently 32.89%.
Key The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs said it is seeing near-record M&A volumes, suggesting stronger investment banking fees and deal activity ahead as corporate activity remains robust. Reuters: Goldman Sachs says on track for near-record M&A volumes in 2026
- Positive Sentiment: The firm also raised its year-end S&P 500 target to 8,000, citing strong earnings and AI-driven profit growth, which reinforces a constructive outlook for markets and Goldman’s trading and advisory businesses. TipRanks: Goldman Sachs lifts year-end target on S&P 500
- Positive Sentiment: Goldman’s decision to become lead underwriter for SpaceX’s planned IPO highlights its role in major capital-markets deals and could support future fee revenue. Seeking Alpha: Goldman Sachs becomes top underwriter for SpaceX IPO
- Neutral Sentiment: Several articles focused on Goldman’s own stock as a trending, high-priced name and on its move away from Apple Card accounts, but these were more commentary than new fundamentals. Yahoo Finance: Goldman Sachs Moves Away From Apple Card And Into Buy Range
- Neutral Sentiment: Goldman’s analysts also issued calls on other companies, including a downgrade of Futu and a buy rating on HEICO; these reflect the firm’s research activity but do not directly change GS fundamentals. Insider Monkey: Futu Holdings downgraded by Goldman Sachs
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Daiwa Securities Group increased their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Bank of America cut their price target on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Evercore cut their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $943.95.
View Our Latest Research Report on The Goldman Sachs Group
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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