Lummis Asset Management LP Has $5.99 Million Position in The Goldman Sachs Group, Inc. $GS

Lummis Asset Management LP increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,812 shares of the investment management company’s stock after purchasing an additional 1,522 shares during the quarter. The Goldman Sachs Group accounts for 3.6% of Lummis Asset Management LP’s portfolio, making the stock its 7th largest position. Lummis Asset Management LP’s holdings in The Goldman Sachs Group were worth $5,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Wellington Management Group LLP boosted its holdings in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after purchasing an additional 936,015 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in The Goldman Sachs Group by 428.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after purchasing an additional 450,984 shares during the last quarter. Vanguard Group Inc. boosted its holdings in The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after purchasing an additional 418,820 shares during the last quarter. Jennison Associates LLC boosted its holdings in The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after purchasing an additional 392,319 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $178,941,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $1,008.15 on Friday. The company has a market capitalization of $297.41 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. 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 business’s fifty day moving average is $908.99 and its 200 day moving average is $891.19. The Goldman Sachs Group, Inc. has a fifty-two week low of $592.17 and a fifty-two week high of $1,016.53.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The company 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 Goldman Sachs Group’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $14.12 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,681 shares of company stock valued at $31,737,875 over the last three months. 0.55% of the stock is currently owned by company insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs said M&A activity is running near record levels in 2026, which supports higher investment-banking fees and points to stronger revenue ahead. Reuters article
• Positive Sentiment: The firm raised its year-end S&P 500 target to 8,000, citing robust earnings and AI-driven growth, reinforcing a constructive outlook for the broader market environment Goldman benefits from. MarketWatch article
• Positive Sentiment: Goldman’s comments that it is seeing near-record M&A volumes and broader dealmaking momentum are reinforcing hopes for continued strength in advisory and underwriting revenue. TipRanks article
• Positive Sentiment: Reports that Goldman Sachs is now the lead underwriter for SpaceX’s planned IPO add to expectations for a potentially high-profile fee-generating mandate. Seeking Alpha article
• Positive Sentiment: Recent earnings strength and a strong quarter continue to support the stock’s momentum, with Goldman’s shares staying near highs after solid results and improved investor sentiment. Yahoo Finance article
• Neutral Sentiment: Analyst and media coverage highlighting Goldman as a trending or high-valuation stock may keep attention on the name, but does not by itself change the fundamentals. Zacks article
• Negative Sentiment: Goldman’s COO warned that inflation remains the “single biggest risk” to the economy, a reminder that macro uncertainty could still pressure markets and deal activity. Yahoo Finance article

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. HSBC raised their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. BNP Paribas Exane dropped their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $943.95.

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.