Rakuten Securities Inc. Acquires 1,744 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Rakuten Securities Inc. boosted its stake in The Goldman Sachs Group by 54.3%, buying 1,744 shares to hold 4,957 shares worth $4.357M, representing about 1.4% of its portfolio and its 15th-largest position.
• Goldman Sachs beat Q1 estimates, reporting $17.55 EPS (vs. $15.92 expected) and $17.23B in revenue (up 14.4% YoY), and announced a quarterly dividend of $4.50 per share (annualized $18, ~1.9% yield; ex-dividend June 1).
• Analyst sentiment is mixed (consensus "Hold", average price target $924.14), institutional investors own about 71.2% of shares, and insiders have sold roughly $32.2M of GS stock over the past 90 days.

Rakuten Securities Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,957 shares of the investment management company's stock after acquiring an additional 1,744 shares during the quarter. The Goldman Sachs Group accounts for about 1.4% of Rakuten Securities Inc.'s investment portfolio, making the stock its 15th biggest position. Rakuten Securities Inc.'s holdings in The Goldman Sachs Group were worth $4,357,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hartline Investment Corp increased its holdings in The Goldman Sachs Group by 153.3% during the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after purchasing an additional 860 shares in the last quarter. A4 Wealth Advisors LLC acquired a new position in The Goldman Sachs Group in the third quarter worth $940,000. Stevens Capital Management LP acquired a new position in The Goldman Sachs Group in the third quarter worth $1,392,000. Meridian Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 39.4% during the third quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock worth $1,857,000 after purchasing an additional 659 shares during the last quarter. Finally, AlTi Global Inc. grew its holdings in shares of The Goldman Sachs Group by 87.3% during the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock worth $23,707,000 after purchasing an additional 13,879 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GS shares. Evercore cut their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating for the company in a report on Monday, April 6th. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a "market perform" rating in a research report on Monday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of The Goldman Sachs Group in a research note on Friday, April 10th. Bank of America reduced their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Finally, Barclays increased their price target on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $924.14.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is advising on a potential stake sale for Warburg Pincus‑backed Princeton Digital Group—an advisory mandate that could generate meaningful investment banking fees if the process proceeds. Warburg Pincus‑Backed PDG Is Said to Tap Goldman for Stake Sale
• Positive Sentiment: Goldman Sachs Alternatives is investing $50M in BLP Digital, expanding its exposure to agentic AI for finance processes—an investment that supports long‑term fee and alternatives growth. Goldman Sachs Alternatives Invests $50M in BLP Digital
• Neutral Sentiment: ING Bank Śląski completed acquisition of Goldman Sachs TFI in Poland for PLN 405m—this disposes of a regional asset/AUM for Goldman; not material to consolidated results but reduces local distribution footprint. ING Groep’s Polish Unit Takes Full Control of Goldman Sachs TFI
• Neutral Sentiment: Goldman Sachs Asset Management announced liquidation plans for two municipal/investment‑grade ETFs—likely a small AUM/fee hit but limited systemic impact on firm revenue. Goldman Sachs Asset Management Announces Liquidation of Two ETFs
• Neutral Sentiment: Goldman research highlights rising AI concentration in the S&P 500 (now ~45%) and issues a “stark” message on index concentration—this positions Goldman as a market voice but primarily affects market narratives rather than immediate firm earnings. Goldman Sachs has a stark message on the S&P 500
• Negative Sentiment: Insider selling disclosed: an insider sold roughly $1.02M of GS stock—insider sales can raise short‑term sentiment concerns even if not uncommon at large firms. Insider Selling: The Goldman Sachs Group Insider Sells $1,024,896.85 in Stock
• Negative Sentiment: BofA flagged investor caution on GS despite the solid quarter and trimmed downside in its target—analyst caution and a reduced target can limit upside and prompt profit‑taking. BofA Flags Investor Caution on Goldman Sachs

The Goldman Sachs Group Stock Down 0.4%

Shares of NYSE GS opened at $931.35 on Friday. The firm has a market capitalization of $274.74 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.20 and a beta of 1.32. 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, Inc. has a 1 year low of $523.42 and a 1 year high of $984.70. The firm's 50-day moving average is $868.37 and its 200-day moving average is $861.39.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts' consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the firm posted $14.12 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group's payout ratio is presently 32.89%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Carey Halio sold 2,846 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares of the company's stock, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 1,200 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $933.30, for a total value of $1,119,960.00. Following the transaction, the insider owned 4,809 shares in the company, valued at approximately $4,488,239.70. This trade represents a 19.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,003 shares of company stock worth $32,216,641 over the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

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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