DNB Asset Management AS Acquires 118,049 Shares of The Goldman Sachs Group, Inc. $GS

Posted by George Bondi on May 16th, 2026

DNB Asset Management AS increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 87.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 253,467 shares of the investment management company’s stock after purchasing an additional 118,049 shares during the quarter. The Goldman Sachs Group accounts for 0.8% of DNB Asset Management AS’s portfolio, making the stock its 21st biggest position. DNB Asset Management AS’s holdings in The Goldman Sachs Group were worth $222,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $25,000. Manning & Napier Advisors LLC raised its stake 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 worth $27,000 after buying an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Graney & King LLC raised its stake 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 worth $35,000 after buying an additional 17 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $37,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GS. Morgan Stanley dropped their price target on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Dbs Bank boosted their price objective on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a report on Friday, January 16th. Finally, Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $942.24.

Get Our Latest Stock Report on The Goldman Sachs Group

Insider Activity

In other news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,824 shares of company stock worth $25,062,242 over the last quarter. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Down 2.0%

Shares of NYSE GS opened at $949.89 on Friday. The stock has a market cap of $280.23 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.25 and a beta of 1.28. The firm has a 50 day moving average price of $878.61 and a 200 day moving average price of $878.32. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group, Inc. has a 52-week low of $582.50 and a 52-week high of $984.70.

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, beating analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $14.12 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Positive Sentiment: Goldman Sachs lowered its 12-month U.S. recession probability to 25% from 30%, citing a resilient labor market and solid economic activity. That suggests a healthier macro backdrop for banks and markets overall. Goldman Slashes Recession Risk Odds as Labor Market Remains Resilient
Neutral Sentiment: Goldman Sachs analysts remained active across several names, including Buy ratings on Telefonica, MercadoLibre, Insulet, Marathon Petroleum, UnitedHealth and ORIC Pharma, showing the firm continues to influence market sentiment but without direct impact on GS itself.
Neutral Sentiment: There were also multiple media references to Goldman strategists warning that the recent market rally and volatility setup could imply more upside, but those commentary pieces were market-wide in nature and not specific to Goldman Sachs stock.
Negative Sentiment: Financial stocks were weaker in afternoon trading, with the NYSE Financial Index down about 0.5%, which likely pressured Goldman Sachs shares along with the broader sector. Sector Update: Financial Stocks Lower in Afternoon Trading

The Goldman Sachs Group Profile

(Free Report)

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.