Bangor Savings Bank grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 13,080.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,977 shares of the investment management company’s stock after acquiring an additional 1,962 shares during the period. Bangor Savings Bank’s holdings in The Goldman Sachs Group were worth $1,738,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after purchasing an additional 936,015 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in The Goldman Sachs Group by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after purchasing an additional 291,280 shares in the last quarter. Danske Bank A S bought a new stake in The Goldman Sachs Group in the third quarter worth approximately $178,941,000. Alliancebernstein L.P. lifted its stake in The Goldman Sachs Group by 14.4% in the second quarter. Alliancebernstein L.P. now owns 1,710,516 shares of the investment management company’s stock valued at $1,210,618,000 after buying an additional 215,230 shares during the period. Finally, Holocene Advisors LP acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $152,166,000. 71.21% of the stock is owned by institutional investors.
Insider Transactions at The Goldman Sachs Group
In related news, EVP John F.W. Rogers sold 13,151 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the transaction, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Solomon sold 272 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the transaction, the chief executive officer owned 125,527 shares in the company, valued at approximately $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by insiders.
Key Stories Impacting The Goldman Sachs Group
- Positive Sentiment: Goldman passed a stock‑screen for sustained earnings growth, underscoring its strong earnings profile and supporting investor confidence in future results. We Ran A Stock Scan For Earnings Growth And Goldman Sachs Group (NYSE:GS) Passed With Ease
- Positive Sentiment: Analysts and screens note Goldman’s history of earnings beats and the firm still looks well positioned to beat again, which supports multiple expansion narratives. Will Goldman (GS) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Goldman research argues the March pullback created a more favorable April setup heading into Q1 earnings season — a constructive market call that can buoy the stock. Goldman Sachs: Market Pullback Creates Favorable April Setup as Q1 Earnings Loom
- Positive Sentiment: Bloomberg reports Goldman (with BofA) is positioned to capture a bigger share of Japan equity capital markets deals — a potential near‑term revenue tailwind for investment banking. Goldman, BofA Set to Capture Bigger Share of Japan’s ECM Deals
- Positive Sentiment: Coverage about AI productivity (Goldman research cited) highlights operational gains that could support margins over time and reassures investors on cost/productivity dynamics. AI is saving workers up to an hour a day — but Goldman Sachs says 80% of companies aren’t using it yet
- Neutral Sentiment: Goldman initiated coverage of Smurfit Westrock (SW) — a routine research action that signals active analyst coverage but is unlikely to move GS shares materially. Goldman Sachs Initiates Coverage of Smurfit Westrock Plc (SW) With a Buy Rating
- Neutral Sentiment: Goldman told clients its short‑loan tool isn’t ready for broad use — a product limitation that speaks to execution timing rather than core earnings. Goldman tells clients eager to short loans its tool isn’t ready
- Neutral Sentiment: Obituary: longtime firm affiliate Richard Menschel died at 92 — notable for history and philanthropy but not a driver of near‑term results. Richard Menschel, a Goldman Sachs Fixture Since 1959, Dies at 92
- Negative Sentiment: HSBC cut its GS price target to $729 and retained a “reduce” rating — a clear negative signal that can cap upside and weighs on sentiment. HSBC Adjusts Price Target on Goldman Sachs to $729
- Negative Sentiment: Morgan Stanley trimmed its GS price target to $1,021 (from $1,078) while keeping an equal‑weight rating — a downward revision that may temper gains despite still implying upside. Morgan Stanley Adjusts Goldman Sachs PT to $1,021
The Goldman Sachs Group Stock Up 1.8%
GS stock opened at $861.20 on Thursday. The firm has a market capitalization of $254.04 billion, a PE ratio of 16.79, a P/E/G ratio of 1.11 and a beta of 1.32. 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 $877.81 and its 200-day moving average is $849.97.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $11.95 earnings per share. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 2nd were issued a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is presently 35.09%.
Analyst Ratings Changes
Several analysts have recently commented on GS shares. Keefe, Bruyette & Woods raised their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. Jefferies Financial Group raised their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Argus lifted their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $929.52.
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.
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