Varma Mutual Pension Insurance Co Grows Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Varma Mutual Pension Insurance Co increased its stake in The Goldman Sachs Group by 10.1% in Q4, buying 5,500 shares to hold 60,200 shares worth about $52.9 million.
• Analysts' consensus rating on GS is Hold with an average price target of $922.71, reflecting mixed moves—several firms trimmed targets while Argus raised its target and maintained a buy view.
• Institutional investors own 71.21% of GS, while corporate insiders hold just 0.55% and have sold 32,001 shares valued at about $30.37 million over the last 90 days, including notable sales by the CFO.

Varma Mutual Pension Insurance Co raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,200 shares of the investment management company's stock after buying an additional 5,500 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in The Goldman Sachs Group were worth $52,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Dagco Inc. acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $25,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group during the third quarter worth about $29,000. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $31,000. Graney & King LLC increased its position in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company's stock worth $35,000 after purchasing an additional 17 shares during the last quarter. Finally, True Wealth Design LLC increased its position in The Goldman Sachs Group by 114.3% during the third quarter. True Wealth Design LLC now owns 45 shares of the investment management company's stock worth $36,000 after purchasing an additional 24 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GS shares. Zacks Research cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. HSBC dropped their price target on shares of The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Evercore dropped their price target on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an "outperform" rating for the company in a research report on Monday, April 6th. Argus boosted their target price on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a "buy" rating in a research report on Friday, January 16th. Finally, Daiwa Securities Group lowered their price target on The Goldman Sachs Group from $940.00 to $891.00 and set a "neutral" rating for the company in a research report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $922.71.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $941.57, for a total transaction of $10,943,868.11. Following the completion of the transaction, the chief financial officer owned 29,342 shares in the company, valued at $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,001 shares of company stock valued at $30,367,306 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.0%

Shares of GS opened at $923.32 on Monday. The stock has a market capitalization of $272.37 billion, a PE 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 1 year low of $547.06 and a 1 year high of $984.70. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.66 and a current ratio of 1.10. The company's 50-day simple moving average is $869.26 and its 200-day simple moving average is $867.57.

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 (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for 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 business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $14.12 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. 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 (DPR) is 32.89%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
• Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
• Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
• Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
• Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
• Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports

The Goldman Sachs Group Company 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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