DAVENPORT & Co LLC Has $8.33 Million Stake in The Goldman Sachs Group, Inc. $GS

DAVENPORT & Co LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,472 shares of the investment management company’s stock after selling 1,287 shares during the quarter. DAVENPORT & Co LLC’s holdings in The Goldman Sachs Group were worth $8,326,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $25,000. Harbor Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $26,000. First PREMIER Bank acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $28,000. Corundum Trust Company INC bought a new stake in The Goldman Sachs Group in the third quarter worth $29,000. Finally, Elevation Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman has disclosed meaningful institutional exposure to spot XRP ETFs (reported ~$152–153M), signaling the firm’s active role in crypto ETF flows and potential asset‑management/trading revenue from tokenized products. XRP ETF disclosure
• Positive Sentiment: Goldman‑backed Canton Network linked with LayerZero to enable regulated cross‑chain token transfers — a sign Goldman‑aligned projects gaining traction and a potential long‑term revenue angle in tokenization and institutional blockchain services. Canton links with LayerZero
• Positive Sentiment: Goldman was appointed financial advisor to Golar LNG for a strategic review — an example of advisory mandate wins that generate fees and bolster investment banking pipelines. Golar LNG strategic review
• Neutral Sentiment: Goldman’s research activity is prominent across markets (raising/lowering targets and revising regional rate/earnings views), which is business‑as‑usual but keeps GS central to market narratives. Example coverage: price‑target moves and Asia rate Outlook. Asia rate outlook
• Negative Sentiment: Multiple insiders sold roughly $136M of GS stock recently — a direct negative signal that can pressure sentiment and contribute to the share‑price decline. Insider sales report
• Negative Sentiment: Former GS executives (including Lloyd Blankfein) and other sources warn of elevated private‑market markdown risk — this raises concerns about write‑downs or valuation stress in GS’s private‑markets exposure and wealth/asset‑management portfolios. Blankfein private markets warning Seeking Alpha
• Negative Sentiment: Goldman’s own research warns of an oil‑shock economic hit (U.S. payroll losses, higher recession odds) and it downgraded India’s outlook — a macro backdrop and regional downgrade cycle that could hit trading volumes, M&A activity and fee revenue. Oil shock job impact India downgrade

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of the transaction, the executive vice president directly owned 39,007 shares in the company, valued at $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 4,863 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the completion of the sale, the chief accounting officer owned 10,301 shares in the company, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Down 2.4%

GS stock opened at $821.85 on Friday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The company has a 50-day moving average of $887.83 and a two-hundred day moving average of $847.70. The stock has a market capitalization of $242.44 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.01 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the company posted $11.95 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.2%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

GS has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Autonomous Res decreased their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada raised their price objective on The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Daiwa Securities Group boosted their target price on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Eight research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $919.29.

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.