D.A. Davidson & CO. Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• D.A. Davidson increased its stake in Goldman Sachs by 3.0% to 62,717 shares (about $55.13M), and institutional investors now own roughly 71.21% of the stock with notable additions from Vanguard, Fisher, Invesco and Wellington.
• Goldman reported strong Q1 results — EPS $17.55 vs. $15.92 expected and revenue $17.23B (up 14.4% YoY) — and announced a quarterly dividend of $4.50 ($18.00 annualized, 1.9% yield; ex-dividend June 1).
• Significant insider selling occurred (35,119 shares worth about $33.26M over the last three months), and analyst coverage is mixed (nine Buy, thirteen Hold), leaving a MarketBeat consensus rating of Hold with a $922.71 target.

D.A. Davidson & CO. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,717 shares of the investment management company's stock after buying an additional 1,848 shares during the quarter. D.A. Davidson & CO.'s holdings in The Goldman Sachs Group were worth $55,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in The Goldman Sachs Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company's stock worth $25,503,685,000 after buying an additional 418,820 shares in the last quarter. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 1.9% during the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company's stock worth $5,304,824,000 after buying an additional 121,676 shares in the last quarter. Invesco Ltd. lifted its position in The Goldman Sachs Group by 3.5% during the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company's stock worth $2,319,905,000 after buying an additional 97,387 shares in the last quarter. Legal & General Group Plc lifted its position in The Goldman Sachs Group by 1.4% during the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company's stock worth $1,680,393,000 after buying an additional 28,642 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in The Goldman Sachs Group by 110.8% during the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company's stock worth $1,417,997,000 after buying an additional 936,015 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on 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 sale, the insider owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% 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, EVP John F.W. Rogers sold 2,704 shares of The Goldman Sachs Group stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total value of $2,598,516.96. Following the completion of the sale, the executive vice president owned 9,428 shares in the company, valued at $9,060,213.72. This represents a 22.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 35,119 shares of company stock valued at $33,261,418. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $928.66 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $531.45 and a 52 week high of $984.70. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $273.94 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.19 and a beta of 1.32. The stock's fifty day moving average is $868.83 and its two-hundred day moving average is $863.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its 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 Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the previous year, the business earned $14.12 earnings per share. The company's revenue for the quarter was up 14.4% on a year-over-year basis. Equities 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. Shareholders 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 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group's payout ratio is currently 32.89%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman reported a strong Q1 with revenue and EPS beats and an improving investment banking rebound — this underpins the firm’s earnings trajectory and supports medium-term upside. After Solid Q1
• Positive Sentiment: Goldman’s Alternatives arm is deploying $50M into BLP Digital (agentic AI for finance processes), signaling strategic investment in higher-growth, fee-generating areas. This can boost long-term fee income and product differentiation. Goldman Sachs Alternatives Invests $50M in BLP Digital
• Positive Sentiment: Goldman has been hired to advise on a potential stake sale for Princeton Digital Group (PDG) — an investment banking mandate that could generate meaningful fees if executed. Investment banking deal flow remains a key revenue driver. Warburg Pincus-Backed PDG Taps Goldman
• Neutral Sentiment: ING’s Polish unit completed a PLN 405m deal to take full control of Goldman Sachs TFI — a localized divestiture that reduces GS’s footprint in Poland but is small relative to the firm’s global scale. ING Takes Full Control of Goldman Sachs TFI
• Neutral Sentiment: Goldman Sachs Asset Management announced liquidation plans for two of its smaller fixed‑income ETFs — a tactical fund closure that reduces product complexity but has limited balance-sheet impact. GSAM Announces Liquidation of Two ETFs
• Negative Sentiment: Insider selling: Alex S. Golten sold 1,116 shares at about $936, trimming his position by ~30% — disclosed in an SEC filing. Visible insider sales can weigh on sentiment even when company fundamentals are solid. Insider Sale by Alex S. Golten
• Negative Sentiment: BNP Paribas Exane trimmed its price target to $940 (from $970) and left a neutral rating — a downgrade in target that reduces upside in some analyst models and can pressure sentiment. BNP Paribas Lowers PT to $940
• Negative Sentiment: BofA flagged investor caution on Goldman despite the solid quarter — reminders from major brokers to temper expectations can prompt profit-taking after the earnings run. BofA Flags Investor Caution

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus lifted their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a "buy" rating in a research report on Friday, January 16th. Rothschild & Co Redburn lifted their price objective on 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. Autonomous Res reduced their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an "outperform" rating on the stock in a research report on Thursday, January 15th. Wells Fargo & Company reduced their price objective on 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. Finally, Morgan Stanley reduced their price objective on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $922.71.

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.

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