The Goldman Sachs Group, Inc. $GS Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,061 shares of the investment management company’s stock after acquiring an additional 532 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in The Goldman Sachs Group were worth $2,690,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dagco Inc. acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $25,000. Manning & Napier Advisors LLC boosted its position in 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 acquiring an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Entrust Financial LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $34,000. Finally, Joseph Group Capital Management acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
• Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
• Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
• Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
• Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
• Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,040.16 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The company has a market cap of $306.86 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.41 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $609.31 and a fifty-two week high of $1,098.36. The firm’s 50 day moving average is $936.56 and its two-hundred day moving average is $900.85.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The company had revenue of $17.23 billion for 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 was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $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 firm also recently announced 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. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GS. Rothschild & Co Redburn raised 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. Wells Fargo & Company decreased their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. HSBC increased their price target on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Finally, Dbs Bank increased their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $943.95.

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.