The Goldman Sachs Group, Inc. $GS Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 117,988 shares of the investment management company’s stock after buying an additional 2,532 shares during the quarter. Handelsbanken Fonder AB’s holdings in The Goldman Sachs Group were worth $103,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares during the last quarter. Fisher Asset Management LLC raised its position in The Goldman Sachs Group by 1.9% during the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock worth $5,304,824,000 after acquiring an additional 121,676 shares during the last quarter. Invesco Ltd. raised its position 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 last quarter. Legal & General Group Plc raised its position in The Goldman Sachs Group by 1.4% during the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock worth $1,680,393,000 after acquiring an additional 28,642 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’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 transaction of $9,571,380.17. Following the completion of the transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 33,681 shares of company stock worth $31,737,875. Corporate insiders own 0.55% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs reported a strong rebound in investment banking fees, which climbed 48% in the first quarter, suggesting improved deal activity and better revenue prospects for the firm. Article Title
• Positive Sentiment: Goldman’s market commentary has been constructive on AI-related themes, with the firm saying AI and hyperscaler stocks are becoming a “defensive” trade as investors look for growth exposure, reinforcing Goldman’s relevance in a leading market trend. Article Title
• Positive Sentiment: The firm said central banks are likely to increase gold buying, which could support commodity prices and reflects Goldman’s market influence in a key macro theme. Article Title
• Neutral Sentiment: CFO Denis P. Coleman sold 6,857 shares in a disclosed transaction, but the sale was only a partial reduction in his holdings and does not by itself signal a change in the company’s fundamentals. Article Title
• Neutral Sentiment: Goldman also disclosed portfolio changes in crypto-related holdings, including exits from XRP and Solana ETF exposure and a new position tied to Hyperliquid, which looks more like a portfolio rebalance than a direct earnings driver for GS shares. Article Title

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GS. 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 for the company in a research report on Tuesday, April 14th. Morgan Stanley cut their target price 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 report on Tuesday, March 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $942.24.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $945.40 on Tuesday. The firm has a 50 day simple moving average of $880.81 and a 200-day simple moving average of $880.02. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $278.90 billion, a PE ratio of 17.28, a P/E/G ratio of 1.22 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 1-year low of $582.50 and a 1-year high of $984.70.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $14.12 earnings per share. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS 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 given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is currently 32.89%.

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.