Hodges Capital Management Inc. Has $7.57 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Hodges Capital Management Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,609 shares of the investment management company’s stock after buying an additional 664 shares during the period. Hodges Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $7,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in The Goldman Sachs Group by 1.5% during 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 purchasing an additional 418,820 shares during the last quarter. Fisher Asset Management LLC raised its holdings in The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock worth $5,952,199,000 after purchasing an additional 110,134 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $5,896,795,000 after purchasing an additional 45,266 shares during the last quarter. Invesco Ltd. raised its holdings in The Goldman Sachs Group by 3.5% during the 3rd quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock worth $2,319,905,000 after purchasing an additional 97,387 shares during the last quarter. Finally, Norges Bank bought a new stake in The Goldman Sachs Group during the 4th quarter worth about $2,515,830,000. 71.21% of the stock is owned by institutional investors.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman continues to benefit from its role in a potential rebound in capital-markets activity, with reports that it could earn fees from a wave of AI-related IPOs and that its bankers are competing for top underwriting roles on high-profile listings. Article Title
• Positive Sentiment: The firm’s trading and investing franchise is also drawing attention after Goldman disclosed stakes in Qiagen and other activity that signals continued deal flow and portfolio exposure. Article Title
• Neutral Sentiment: Goldman’s own research and market commentary on rates, AI jobs, and bank regulation remain in focus, but these are more background themes than direct stock-moving catalysts. Article Title
• Negative Sentiment: Investors are reacting to new scrutiny from U.S. lawmakers over Goldman’s decision to keep top lawyer Kathy Ruemmler as an adviser despite her reported Epstein ties, adding governance and reputational overhang. Article Title
• Negative Sentiment: Separately, reports that an outgoing Goldman executive opposed David Solomon’s support for Ruemmler are keeping the story alive and may reinforce investor concerns about internal management judgment. Article Title
• Negative Sentiment: Bearish commentary around insiders selling shares and articles questioning whether GS is still attractive at current levels are also adding pressure on sentiment. Article Title

Insider Buying and Selling

In other news, insider Alex S. Golten sold 1,116 shares of the company’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 completion of the sale, the insider directly owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This represents a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’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 sale, the insider directly 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,000.58 on Thursday. 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 stock has a market cap of $295.18 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The stock has a 50-day moving average of $949.45 and a 200-day moving average of $906.94. The Goldman Sachs Group, Inc. has a one year low of $609.59 and a one year high of $1,098.36.

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

The Goldman Sachs Group Dividend Announcement

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 paid a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

Analyst Ratings Changes

GS has been the subject of several recent research reports. Wells Fargo & Company dropped their price objective 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. Bank of America dropped their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Jefferies Financial Group dropped their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a report on Monday, April 6th. Daiwa Securities Group boosted their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Rothschild & Co Redburn boosted their price objective 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. Nine 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 Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $943.95.

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.