The Goldman Sachs Group, Inc. $GS Shares Purchased by Horizon Investments LLC

Key Points

• Horizon Investments LLC increased its stake in The Goldman Sachs Group by 79.2% in Q4, buying an additional 6,762 shares to own 15,304 shares valued at about $13.45 million per the latest 13F filing.
• Company insiders have been net sellers recently — including CFO Denis P. Coleman, who sold 11,623 shares for roughly $10.94 million — with insiders selling 32,001 shares valued at about $30.37 million over the last 90 days.
• Goldman beat Q1 expectations with $17.55 EPS vs. $15.92 est. and revenue of $17.23 billion vs. $16.66 billion, and announced a quarterly dividend of $4.50 (annualized $18.00, ~1.9% yield).

Horizon Investments LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 79.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,304 shares of the investment management company's stock after buying an additional 6,762 shares during the period. Horizon Investments LLC's holdings in The Goldman Sachs Group were worth $13,452,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acropolis Investment Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.8% during the 4th quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company's stock worth $554,000 after purchasing an additional 11 shares during the period. Walkner Condon Financial Advisors LLC raised its stake in shares of The Goldman Sachs Group by 2.0% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company's stock valued at $505,000 after acquiring an additional 11 shares during the period. Optas LLC lifted its holdings in shares of The Goldman Sachs Group by 0.4% in the 4th quarter. Optas LLC now owns 2,553 shares of the investment management company's stock worth $2,244,000 after acquiring an additional 11 shares during the last quarter. Terra Nova Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company's stock worth $2,329,000 after purchasing an additional 12 shares during the period. Finally, Bluesphere Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in the 4th quarter. Bluesphere Advisors LLC now owns 1,620 shares of the investment management company's stock valued at $1,424,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GS. Daiwa Securities Group lowered their price target on shares of The Goldman Sachs Group from $940.00 to $891.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an "overweight" rating for the company in a report on Monday, April 13th. Royal Bank Of Canada reiterated a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Weiss Ratings upgraded The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $922.71.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $941.57, for a total value of $10,943,868.11. Following the transaction, the chief financial officer directly owned 29,342 shares in the company, valued at $27,627,546.94. This trade represents a 28.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the business's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,001 shares of company stock valued at $30,367,306. 0.55% of the stock is owned by company insiders.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Shareholders backed Goldman’s board and rejected proposed governance changes, removing near-term proxy uncertainty and supporting management continuity. Goldman Sachs Shareholders Back Board, Reject Governance Changes
• Positive Sentiment: Goldman is a lead bookrunner on Hemab Therapeutics’ IPO ($~301.5M), a visible ECM win that should produce fees and signal continued dealflow for Goldman’s equities and ECM franchise. Hemab Therapeutics Announces Pricing of Initial Public Offering at $18.00 Per Share
• Positive Sentiment: Goldman has been tapped to lead a potential IPO for Italy’s Dolomiti Energia and ranked #1 by value on oil & gas M&A in Q1 — both items point to continued IB fee opportunities. Italy's Dolomiti Energia picks Intesa, Goldman Sachs to lead potential IPO Goldman Sachs tops oil and gas M&A rankings by value in Q1 2026
• Neutral Sentiment: Goldman research added UnitedHealth (UNH) to its Conviction List — bolsters the firm's research credibility and may support institutional relationships, but is indirect for GS’s own stock. Goldman Sachs Adds UnitedHealth to Its Conviction List: Is the Managed Care Comeback Real?
• Neutral Sentiment: Goldman raised its oil price outlook and its analysts are reiterating thematic calls (favoring tech giants for AI exposure). These research moves highlight Goldman’s market influence but have a more indirect impact on GS revenue. Goldman Sachs Just Raised Its Oil Price Forecast. Here's What Energy Investors Should Do Now. Why Goldman Sachs Prefers Tech Giants Over Semiconductor Stocks for AI Exposure
• Neutral Sentiment: Goldman analysts flagged unusually thin S&P 500 breadth (dot‑com era levels), a market‑risk signal that influences client flows and positioning but is a macro research call rather than firm-specific news. S&P 500 Hasn't Looked This Unbalanced Since The Dot-Com Bubble, Goldman Warns
• Negative Sentiment: Jane Street reported massive trading revenues and sharply higher compensation — a sign of fierce competition and elevated market‑making payouts that could pressure Goldman’s trading margins and require higher pay to retain talent. Jane Street Pays $9.38 Billion As Trading Revenue Hits $39.6 Billion
• Negative Sentiment: Breakingviews commentary warns Goldman is dialing up private‑credit exposure, highlighting a higher risk/return tradeoff in a market that could widen losses if conditions deteriorate. That strategy can boost fee income but raises balance‑sheet and credit risk. Goldman Sachs dials up private credit risk-reward

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $923.32 on Friday. The stock has a 50 day moving average of $869.26 and a two-hundred day moving average of $866.35. The stock has a market cap of $272.37 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.19 and a beta of 1.28. The Goldman Sachs Group, Inc. has a twelve month low of $547.06 and a twelve month high of $984.70. 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 (NYSE:GS - Get Free Report) last issued 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 firm had revenue of $17.23 billion during the quarter, compared to analysts' expectations of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The Goldman Sachs Group's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $14.12 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share 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 paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group's dividend payout ratio is currently 32.89%.

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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