Harvest Fund Management Co. Ltd Boosts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Harvest Fund Management Co. Ltd increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,061 shares of the investment management company’s stock after purchasing an additional 532 shares during the period. Harvest Fund Management Co. Ltd’s holdings in The Goldman Sachs Group were worth $2,690,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. VMS Asset Management Limited purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $5,670,000. Clifford Swan Investment Counsel LLC raised its holdings in The Goldman Sachs Group by 5.2% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 14,693 shares of the investment management company’s stock worth $12,915,000 after purchasing an additional 723 shares in the last quarter. Vise Technologies Inc. raised its holdings in The Goldman Sachs Group by 43.6% during the fourth quarter. Vise Technologies Inc. now owns 12,113 shares of the investment management company’s stock worth $10,647,000 after purchasing an additional 3,675 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in The Goldman Sachs Group by 0.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 131,621 shares of the investment management company’s stock worth $115,695,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Sittner & Nelson LLC raised its holdings in The Goldman Sachs Group by 6.3% during the fourth quarter. Sittner & Nelson LLC now owns 220 shares of the investment management company’s stock worth $204,000 after purchasing an additional 13 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

More The Goldman Sachs Group News

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.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GS shares. Morgan Stanley cut their price target 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 report on Tuesday, March 31st. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Rothschild & Co Redburn upped 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. Finally, Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $943.95.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the sale, the insider owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last three months. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 4.8%

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

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for 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 firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $14.12 earnings per share. On average, 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 Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend 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.