The Goldman Sachs Group, Inc. $GS Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 82.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,771 shares of the investment management company’s stock after acquiring an additional 40,094 shares during the quarter. CIBC Asset Management Inc’s holdings in The Goldman Sachs Group were worth $78,030,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GS. Dagco Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter worth $25,000. Manning & Napier Advisors LLC increased its stake in shares of 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 valued at $27,000 after acquiring an additional 23 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Entrust Financial LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $34,000. Finally, Graney & King LLC grew its holdings in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after acquiring an additional 17 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.6%

NYSE GS opened at $1,065.17 on Wednesday. The stock has a market cap of $314.24 billion, a PE ratio of 19.47, a PEG ratio of 1.35 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $592.90 and a twelve month high of $1,073.97. The firm has a 50-day simple moving average of $918.15 and a 200 day simple moving average of $894.47. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The firm 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $14.12 earnings per share. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. 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 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: CEO David Solomon said markets are in “more greed than fear” mode, highlighting strong liquidity and upbeat risk appetite as AI-focused companies line up for major public-market activity. That tone suggests a healthy backdrop for Goldman Sachs’ dealmaking and capital markets franchise. Article: More greed than there is fear: Goldman Sachs CEO sounds off on AI
• Positive Sentiment: Goldman’s asset-management arm said its ETF platform crossed $100 billion in assets shortly after the Innovator Capital Management acquisition, signaling momentum in a growing fee-generating business. Article: Can Buffer ETFs Replace Bonds? Goldman Thinks So
• Positive Sentiment: A Bloomberg report said Goldman helped spark an estimated $80 billion Berkshire deal after a weekend call, underscoring the bank’s role in large-scale M&A and advisory work. Article: Goldman’s Weekend Call to Berkshire Spurs an $80 Billion Deal
• Neutral Sentiment: Several articles focused on Goldman research and commentary on oil, diesel, AI power demand, and consumer income trends. These pieces show the firm remains influential in market analysis, but they are more macro commentary than direct stock catalysts. Article: Goldman Sees August US Diesel Crunch as Stocks Lowest Since 2003 Article: It’s not a recession. But Goldman says your paycheck is acting like it
• Negative Sentiment: Some headlines emphasized Goldman’s warnings on AI-related power demand, weaker consumer real income, and downside risk in oil. While these do not directly hurt Goldman Sachs operationally, they may temper sentiment around the broader market backdrop. Article: Goldman Sachs issues warning on AI’s surging power demand Article: It’s not a recession. But Goldman says your paycheck is acting like it

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction that occurred 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 owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on GS. 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. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a report on Monday, April 20th. Bank of America lowered their price target on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Morgan Stanley decreased their price objective 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. Finally, UBS Group upped their target price on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $943.95.

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.