Eastern Bank Purchases 898 Shares of The Goldman Sachs Group, Inc. $GS

Eastern Bank lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 58.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,438 shares of the investment management company’s stock after buying an additional 898 shares during the quarter. Eastern Bank’s holdings in The Goldman Sachs Group were worth $2,143,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of The Goldman Sachs Group by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after purchasing an additional 291,280 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock valued at $4,628,507,000 after purchasing an additional 227,604 shares in the last quarter. Danske Bank A S acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $178,941,000. Finally, Alliancebernstein L.P. grew its stake in The Goldman Sachs Group by 14.4% during the second quarter. Alliancebernstein L.P. now owns 1,710,516 shares of the investment management company’s stock worth $1,210,618,000 after purchasing an additional 215,230 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 2,846 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. The trade was a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 1,092 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $936.89, for a total transaction of $1,023,083.88. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 over the last quarter. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $803.33 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The stock’s 50 day moving average is $884.66 and its 200-day moving average is $849.28. The firm has a market capitalization of $236.98 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.97 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $11.95 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be issued a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio is 35.09%.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is among banks that arranged a $40B unsecured bridge loan to SoftBank to fund additional OpenAI investment — a sizable lending/arranging role that can generate fees and visibility for GS’s corporate finance business. SoftBank $40B loan
• Positive Sentiment: Goldman was appointed financial advisor to Golar LNG in a strategic review — another advisory mandate that can drive near-term fees. Golar LNG advisory
• Positive Sentiment: Market chatter puts Goldman as a leading contender to lead a potential SpaceX IPO — if it happens, underwriting fees would be material. SpaceX IPO speculation
• Neutral Sentiment: Goldman research says institutional deleveraging could clear a path for U.S. stocks to rise — this supports trading desks but is a forward-looking view rather than immediate revenue. Institutional deleveraging outlook
• Neutral Sentiment: Goldman-backed Canton Network integrated with LayerZero to enable cross-chain transfers — strategic for GS’s digital-asset ecosystem but not yet a large revenue driver. Canton–LayerZero integration
• Negative Sentiment: Insiders sold roughly $136M of GS stock — significant insider selling can sap investor confidence about near-term outlook. Insider selling
• Negative Sentiment: Former CEO Lloyd Blankfein and other commentators warn of elevated “fire” risk and mark‑to‑market pressure in private markets — a direct concern for Goldman given its sizable private‑markets exposure. Private-market markdown risk
• Negative Sentiment: Goldman’s own macro work highlights a large Iran-driven oil supply shock and estimates jobs losses — the geopolitical shock raises market volatility and downside risks to GS’s trading and investment banking outlook. Iran oil shock analysis
• Negative Sentiment: Goldman disclosed a $152M exposure to spot XRP ETFs — positive for asset‑management growth but increases GS’s exposure to crypto volatility and regulatory/market risk. XRP ETF exposure
• Negative Sentiment: Goldman downgraded Indian equities and cut its Nifty target, flagging energy‑shock led earnings cuts — a sign the firm sees regional downside that could reduce future deal flow in Asia. India downgrade

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. HSBC boosted their price target on The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Royal Bank Of Canada lifted their price objective on shares of 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. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.