Rockefeller Capital Management L.P. Raises Stake in The Goldman Sachs Group, Inc. $GS

Key Points

• Rockefeller Capital Management increased its stake in Goldman Sachs by 24.7% in the fourth quarter, buying 34,044 additional shares and bringing its total holding to 172,049 shares worth about $151.2 million.
• Institutional ownership remains heavy, with hedge funds and other investors holding about 71.21% of Goldman Sachs shares. Several large firms also boosted positions, including Norges Bank and Vanguard.
• Goldman Sachs reported strong quarterly results, with EPS of $17.55 topping estimates and revenue rising 14.4% year over year. The company also declared a quarterly dividend of $4.50 per share, while analysts currently rate the stock a consensus Hold.

Rockefeller Capital Management L.P. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,049 shares of the investment management company's stock after purchasing an additional 34,044 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of The Goldman Sachs Group worth $151,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $2,515,830,000. Corient Private Wealth LLC boosted its holdings in The Goldman Sachs Group by 1,657.7% in the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company's stock worth $2,282,312,000 after buying an additional 2,448,767 shares during the period. Wellington Management Group LLP increased its stake in The Goldman Sachs Group by 110.8% in the 3rd 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. Northwestern Mutual Wealth Management Co. increased its stake in The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock worth $488,947,000 after buying an additional 450,984 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 valued at $25,503,685,000 after acquiring an additional 418,820 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GS. Evercore lowered their price objective on The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating on the stock in a research report on Monday, April 6th. BMO Capital Markets increased their target price on 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. Royal Bank Of Canada reissued a "neutral" rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. HSBC boosted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. 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 research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $941.82.

Trending Headlines about The Goldman Sachs Group

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

• Negative Sentiment: Goldman Sachs lowered its 2026 year-end gold target by $500 to $4,900, reflecting reduced expectations for Fed rate cuts and increasing risk of rate hikes. Gold Price Target Slashed by Goldman on Fed Rate Hike Risk
• Negative Sentiment: Multiple follow-up reports echoed Goldman’s more cautious gold outlook, reinforcing the view that tighter monetary policy could keep pressure on bullion prices. The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500
• Neutral Sentiment: Goldman also said its gold view remains structurally constructive over the long term, but tactically cautious in the near term as policy uncertainty persists. Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
• Neutral Sentiment: Separately, Goldman Sachs was mentioned in coverage on oil and shipping flows through Hormuz, but that commentary appears more macro-focused than directly material to GS shares. Hormuz Reopens, Yet Businesses Warn Oil Crisis Isn’t Over

The Goldman Sachs Group Stock Up 0.3%

Shares of GS stock opened at $1,099.46 on Friday. The stock has a market cap of $324.35 billion, a P/E ratio of 20.09, a PEG ratio of 1.43 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52 week low of $630.01 and a 52 week high of $1,125.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The company's fifty day simple moving average is $979.32 and its two-hundred day simple moving average is $919.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business's revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $14.12 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.6%. The Goldman Sachs Group's dividend payout ratio is presently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares of the company's stock, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares of the company's stock, valued at $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group 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.

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