Cane Capital Partners LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Cane Capital Partners LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,878 shares of the investment management company’s stock after purchasing an additional 494 shares during the period. The Goldman Sachs Group makes up approximately 1.4% of Cane Capital Partners LLC’s holdings, making the stock its 17th biggest position. Cane Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $3,281,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 418,820 shares during the last quarter. State Street Corp raised its holdings in The Goldman Sachs Group by 2.1% in the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock worth $17,197,444,000 after purchasing an additional 394,198 shares during the period. Fisher Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after buying an additional 110,134 shares in the last quarter. Geode Capital Management LLC lifted its holdings in The Goldman Sachs Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock valued at $5,896,795,000 after purchasing an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of The Goldman Sachs Group by 3.4% during the 4th quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock valued at $5,254,692,000 after buying an additional 194,109 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other The Goldman Sachs Group 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 value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Up 0.8%

GS opened at $1,019.78 on Thursday. 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 stock’s fifty day moving average is $1,002.16 and its two-hundred day moving average is $931.30. The company has a market capitalization of $300.85 billion, a P/E ratio of 18.64, a PEG ratio of 1.31 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52 week low of $691.30 and a 52 week high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $14.12 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 59.79 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Analyst Ratings Changes

Several research analysts have weighed in on GS shares. Dbs Bank upped their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $972.00 to $1,070.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Rothschild & Co Redburn boosted their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $974.18.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs and other major banks passed the Federal Reserve’s 2026 stress tests, paving the way for higher dividends and reinforcing confidence in capital strength and shareholder returns. 3 Big Banks Plan Double Digit Dividend Increases After Passing Fed Stress Test
• Positive Sentiment: Analysts continue to see Goldman Sachs as positioned to beat earnings estimates, with expectations that trading and banking activity could support another strong quarterly report. Why Goldman (GS) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Goldman’s private credit fund reported relatively low redemption requests, suggesting its private-markets business is holding up better than some peers amid industry turbulence. Goldman private credit fund escapes redemption pressure again
• Neutral Sentiment: Goldman named Bosworth as acting general counsel, a routine leadership update that is unlikely to move the stock by itself. Goldman Sachs names Bosworth as acting general counsel
• Negative Sentiment: Oppenheimer turned more cautious on major U.S. banks, with one report specifically arguing investors may want to take profits after the sector’s strong run, which could create some pressure on Goldman shares. America’s Biggest Banks Passed Their Stress Tests. Now They’re Showering Investors With Cash.

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.