Varma Mutual Pension Insurance Co Increases Stock Holdings in The Goldman Sachs Group, Inc. $GS

Varma Mutual Pension Insurance Co raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,200 shares of the investment management company’s stock after acquiring an additional 5,500 shares during the period. Varma Mutual Pension Insurance Co’s holdings in The Goldman Sachs Group were worth $52,916,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GS. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Sivia Capital Partners LLC lifted its holdings in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after acquiring an additional 735 shares during the period. Schnieders Capital Management LLC. lifted its holdings in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after acquiring an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC lifted its holdings in The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after acquiring an additional 391 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 0.0%

The Goldman Sachs Group stock opened at $923.32 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $547.06 and a 52 week high of $984.70. The stock has a market cap of $272.37 billion, a PE ratio of 16.87, a P/E/G ratio of 1.19 and a beta of 1.28. The stock has a 50-day moving average price of $869.26 and a 200 day moving average price of $867.57. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.56.

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 16.02%. 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. Equities research analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Analysts Set New Price Targets

A number of equities research analysts have commented on GS shares. Morgan Stanley reduced their target price 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. Autonomous Res reduced their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a report on Thursday, January 15th. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research note on Monday, April 20th. Daiwa Securities Group cut their price target on The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $922.71.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
• Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
• Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
• Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
• Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
• Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 11,623 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares of the company’s stock, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $933.30, for a total transaction of $1,119,960.00. Following the transaction, the insider directly owned 4,809 shares in the company, valued at $4,488,239.70. The trade was a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 32,001 shares of company stock valued at $30,367,306. Company insiders own 0.55% of the company’s stock.

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.