SBI Okasan Asset Management Co.Ltd. Takes Position in The Goldman Sachs Group, Inc. $GS

SBI Okasan Asset Management Co.Ltd. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,600 shares of the investment management company’s stock, valued at approximately $1,427,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Wellington Management Group LLP boosted its holdings in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after purchasing an additional 936,015 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in The Goldman Sachs Group by 428.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock valued at $488,947,000 after purchasing an additional 450,984 shares during the period. Vanguard Group Inc. boosted its holdings in The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after purchasing an additional 418,820 shares during the period. Jennison Associates LLC boosted its holdings in The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock valued at $1,189,293,000 after purchasing an additional 392,319 shares during the period. Finally, Danske Bank A S purchased a new position in The Goldman Sachs Group in the third quarter valued at $178,941,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the transaction, the insider owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group News Roundup

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

Analyst Ratings Changes

A number of research analysts recently issued reports on GS shares. Dbs Bank lifted their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. CICC Research lifted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wells Fargo & Company decreased 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. Finally, Morgan Stanley decreased their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $943.95.

The Goldman Sachs Group Stock Up 1.2%

Shares of NYSE GS opened at $1,008.15 on Friday. The company has a market capitalization of $297.41 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. 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 business has a 50-day moving average of $908.99 and a two-hundred day moving average of $891.19. The Goldman Sachs Group, Inc. has a 1 year low of $592.17 and a 1 year high of $1,016.53.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $14.12 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.

About The Goldman Sachs Group

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.