The Goldman Sachs Group, Inc. $GS is Triglav Investments D.O.O.'s 10th Largest Position

Key Points

• Triglav Investments D.O.O. trimmed its Goldman Sachs stake by 3.6% in the fourth quarter, leaving it with 47,540 shares worth about $41.8 million. Goldman now makes up roughly 2.6% of the fund’s portfolio and is its 10th-largest holding.
• Institutional ownership remains high, with hedge funds and other investors holding 71.21% of Goldman Sachs shares. Several major firms increased positions, including Wellington Management, Northwestern Mutual Wealth Management, and Vanguard.
• Goldman Sachs reported strong quarterly results, beating EPS and revenue estimates, and it recently raised its quarterly dividend to $4.50 per share. Analysts currently have a consensus rating of Hold with a target price of $943.95.

Triglav Investments D.O.O. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,540 shares of the investment management company's stock after selling 1,800 shares during the period. The Goldman Sachs Group makes up approximately 2.6% of Triglav Investments D.O.O.'s investment portfolio, making the stock its 10th biggest position. Triglav Investments D.O.O.'s holdings in The Goldman Sachs Group were worth $41,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Wellington Management Group LLP grew its position in The Goldman Sachs Group by 110.8% in 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 acquiring an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in The Goldman Sachs Group by 428.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company's stock worth $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Vanguard Group Inc. grew its position in The Goldman Sachs Group by 1.5% in 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 acquiring an additional 418,820 shares in the last quarter. Jennison Associates LLC grew its position in The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company's stock worth $1,189,293,000 after acquiring an additional 392,319 shares in the last quarter. Finally, Danske Bank A S purchased a new position in The Goldman Sachs Group in the third quarter worth about $178,941,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. Royal Bank Of Canada reiterated a "neutral" rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Rothschild & Co Redburn upped their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a "neutral" rating in a report on Friday, April 17th. Bank of America decreased their price objective on shares of 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. CICC Research raised their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 19th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $943.95.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs said merger-and-acquisition activity is tracking toward near-record levels in 2026, potentially close to the 2021 boom, which would support higher investment banking fees and earnings. Goldman Sachs says on track for near-record M&A volumes in 2026
• Positive Sentiment: The company also forecast record or near-record global M&A volumes next year, suggesting a stronger pipeline for advisory and underwriting revenue. GS Expects Record Global M&A in 2026: Will This Boost Its IB Business?
• Positive Sentiment: Goldman’s bullish market commentary extended beyond dealmaking, with the firm raising its S&P 500 target to 8,000 on AI-driven earnings optimism, reinforcing a constructive outlook for capital markets activity. US Stock Market: Goldman Sachs raises S&P 500 target to 8,000 on AI-driven earnings optimism
• Neutral Sentiment: Goldman also presented at Bernstein’s Strategic Decisions Conference, but the transcript does not indicate any major new catalyst beyond the firm’s existing growth themes. The Goldman Sachs Group, Inc. (GS) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: The bank was also mentioned in a PB Fintech block deal as one of several institutional buyers, which is notable but likely not material enough on its own to move GS shares. PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm's 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 transaction, the chief financial officer directly owned 31,070 shares of the company's stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex S. Golten sold 1,116 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 1.6%

Shares of NYSE GS opened at $1,024.02 on Friday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $302.09 billion, a P/E ratio of 18.71, a PEG ratio of 1.30 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 1 year low of $592.17 and a 1 year high of $1,027.22. The firm has a 50-day simple moving average of $913.37 and a two-hundred day simple moving average of $892.11.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping 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 firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $14.12 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given 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 1.8%. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.89%.

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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