Sumitomo Life Insurance Co. Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

Sumitomo Life Insurance Co. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,680 shares of the investment management company’s stock after purchasing an additional 3,638 shares during the quarter. The Goldman Sachs Group makes up 0.5% of Sumitomo Life Insurance Co.’s holdings, making the stock its 27th largest position. Sumitomo Life Insurance Co.’s holdings in The Goldman Sachs Group were worth $19,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Kane Investment Management Inc. lifted its stake in shares of The Goldman Sachs Group by 1.7% during the 4th quarter. Kane Investment Management Inc. now owns 766 shares of the investment management company’s stock worth $674,000 after purchasing an additional 13 shares during the last quarter. Tudor Financial Inc. lifted its stake in shares of The Goldman Sachs Group by 3.0% during the 4th quarter. Tudor Financial Inc. now owns 543 shares of the investment management company’s stock worth $477,000 after purchasing an additional 16 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 42.4% during the 4th quarter. Wealthspire Advisors LLC now owns 8,883 shares of the investment management company’s stock worth $7,808,000 after purchasing an additional 2,644 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of The Goldman Sachs Group by 4.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 701 shares of the investment management company’s stock worth $616,000 after purchasing an additional 32 shares during the last quarter. Finally, Summit Financial LLC increased its position in The Goldman Sachs Group by 83.3% during the 4th quarter. Summit Financial LLC now owns 29,312 shares of the investment management company’s stock valued at $25,766,000 after buying an additional 13,321 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Jefferies Financial Group reduced their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Daiwa Securities Group upped their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets upped their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $941.82.

Insider Transactions at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,116 shares of the stock in a transaction dated Thursday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last three months. Company insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs is benefiting from high-profile underwriting and advisory work, including the SpaceX IPO and Prometheus’ massive funding round, both of which highlight stronger capital-markets activity and potential fee growth. SpaceX IPO Crowds Pre-Market Sentiment
• Positive Sentiment: Goldman Sachs’ optimistic 2026 market outlook and views that AI infrastructure spending could stay elevated support the investment-banking and markets narrative for GS. Goldman Sachs doubles down on stock market outlook for 2026
• Neutral Sentiment: JPMorgan raised its price target on Goldman Sachs but kept a neutral rating, suggesting valuation remains rich even after the stock’s strong run. JPMorgan adjusts price target on Goldman Sachs to 900 from 826
• Neutral Sentiment: Separate commentary that Goldman Sachs sees the market as trending higher and favors sectors tied to AI and growth is constructive, but it is more of a broad-market read than a direct company-specific catalyst. Goldman Sachs doubles down on stock market outlook for 2026

The Goldman Sachs Group Stock Up 2.6%

Shares of GS stock opened at $1,062.44 on Friday. The stock’s 50-day simple moving average is $957.30 and its 200-day simple moving average is $909.86. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $313.43 billion, a PE ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $609.59 and a fifty-two week high of $1,098.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $14.12 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. 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.