Allen Investment Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 774 shares of the investment management company’s stock, valued at approximately $680,000.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after buying an additional 418,820 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after buying an additional 110,134 shares during the period. Geode Capital Management LLC grew its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock valued at $5,896,795,000 after buying an additional 45,266 shares during the last quarter. Invesco Ltd. raised its stake in The Goldman Sachs Group by 3.5% during the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock worth $2,319,905,000 after acquiring an additional 97,387 shares during the period. Finally, Norges Bank acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $2,515,830,000. 71.21% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: CEO David Solomon said markets are in “more greed than fear” mode, highlighting strong liquidity and upbeat risk appetite as AI-focused companies line up for major public-market activity. That tone suggests a healthy backdrop for Goldman Sachs’ dealmaking and capital markets franchise. Article: More greed than there is fear: Goldman Sachs CEO sounds off on AI
- Positive Sentiment: Goldman’s asset-management arm said its ETF platform crossed $100 billion in assets shortly after the Innovator Capital Management acquisition, signaling momentum in a growing fee-generating business. Article: Can Buffer ETFs Replace Bonds? Goldman Thinks So
- Positive Sentiment: A Bloomberg report said Goldman helped spark an estimated $80 billion Berkshire deal after a weekend call, underscoring the bank’s role in large-scale M&A and advisory work. Article: Goldman’s Weekend Call to Berkshire Spurs an $80 Billion Deal
- Neutral Sentiment: Several articles focused on Goldman research and commentary on oil, diesel, AI power demand, and consumer income trends. These pieces show the firm remains influential in market analysis, but they are more macro commentary than direct stock catalysts. Article: Goldman Sees August US Diesel Crunch as Stocks Lowest Since 2003 Article: It’s not a recession. But Goldman says your paycheck is acting like it
- Negative Sentiment: Some headlines emphasized Goldman’s warnings on AI-related power demand, weaker consumer real income, and downside risk in oil. While these do not directly hurt Goldman Sachs operationally, they may temper sentiment around the broader market backdrop. Article: Goldman Sachs issues warning on AI’s surging power demand Article: It’s not a recession. But Goldman says your paycheck is acting like it
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same period in the prior year, the company posted $14.12 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.
Analyst Upgrades and Downgrades
GS has been the topic of a number of recent research reports. Bank of America cut their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Jefferies Financial Group dropped their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. HSBC boosted their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Finally, BNP Paribas Exane lowered their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $943.95.
View Our Latest Stock Analysis on GS
Insiders Place Their Bets
In other news, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by company insiders.
The Goldman Sachs Group 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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