Hoey Investments Inc. Has $9.11 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Hoey Investments Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,360 shares of the investment management company’s stock after acquiring an additional 1,062 shares during the period. The Goldman Sachs Group makes up 1.2% of Hoey Investments Inc.’s portfolio, making the stock its 11th largest holding. Hoey Investments Inc.’s holdings in The Goldman Sachs Group were worth $9,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 1.9% in the third quarter. Fisher Asset Management LLC now owns 6,661,422 shares of the investment management company’s stock worth $5,304,824,000 after acquiring an additional 121,676 shares during the last quarter. Invesco Ltd. grew its stake in shares of The Goldman Sachs Group by 3.5% in the third quarter. Invesco Ltd. now owns 2,913,172 shares of the investment management company’s stock worth $2,319,905,000 after acquiring an additional 97,387 shares during the last quarter. Legal & General Group Plc boosted its stake in The Goldman Sachs Group by 1.4% during the third quarter. Legal & General Group Plc now owns 2,110,119 shares of the investment management company’s stock worth $1,680,393,000 after buying an additional 28,642 shares in the last quarter. Wellington Management Group LLP boosted its stake in The Goldman Sachs Group by 110.8% during 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 buying an additional 936,015 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in The Goldman Sachs Group by 9.4% during the third quarter. Bank of Montreal Can now owns 1,410,511 shares of the investment management company’s stock worth $1,123,260,000 after buying an additional 121,522 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman reported a strong Q1 (top‑ and bottom‑line beats) driven by an investment‑banking rebound and healthy revenue growth — the quarter supports near‑term earnings momentum and underpins buy/upgrade calls. After Solid Q1, Should You Hold or Fold Goldman at Current Level?
• Positive Sentiment: BMO and Argus raised/upped price targets or support ratings after Q1, signaling incremental analyst confidence that could limit downside if deal flow and markets stay constructive. Argus Research Maintains Buy on Goldman Sachs
• Positive Sentiment: Goldman Sachs Alternatives is investing $50M in BLP Digital (agentic AI for finance operations) — a strategic move that expands GS’s exposure to AI automation and potential fee/return streams in private markets. Goldman Sachs Alternatives Invests $50 Million in BLP Digital
• Positive Sentiment: Company announced a $4.50 quarterly dividend (annualized $18.00) — supports income investors and signals confidence in capital allocation and earnings durability. The Goldman Sachs Group Stock Info
• Neutral Sentiment: Goldman is publishing thought leadership on AI (the “world model” topic) and flagged that AI‑related stocks now account for a large share of the S&P — raises market‑level concentration risk but also highlights GS’s advisory/research positioning. Goldman tackles AI’s missing link
• Negative Sentiment: BofA lowered its GS price target (kept Buy) and flagged investor caution — a reminder some analysts see valuation risk even after the beat, which can cap near‑term upside. BofA Flags Investor Caution on Goldman
• Negative Sentiment: Insider selling: an executive disclosed sale of ~1,115 shares (~$1.0M), which can be interpreted by some investors as a near‑term negative sentiment signal even if routine. SEC Filing: Insider Sale
• Negative Sentiment: CEO comments warning of quick recession risk and volatile oil/pricing amid geopolitical tensions have amplified macro risk narratives that can pressure trading and advisory volumes. Solomon Warns on Recession Risk

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wells Fargo & Company decreased 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 research report on Monday, April 13th. Bank of America decreased their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Daiwa Securities Group decreased their target price on shares of The Goldman Sachs Group from $940.00 to $891.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $924.14.

The Goldman Sachs Group Stock Down 0.4%

Shares of NYSE:GS opened at $931.35 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $523.42 and a 52 week high of $984.70. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.66 and a current ratio of 1.10. The company’s fifty day moving average is $868.37 and its 200-day moving average is $861.39. The company has a market capitalization of $274.74 billion, a PE ratio of 17.02, a P/E/G ratio of 1.20 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the previous year, the company earned $14.12 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared 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 1.9%. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $933.30, for a total transaction of $1,119,960.00. Following the transaction, the insider owned 4,809 shares in the company, valued at $4,488,239.70. This represents a 19.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares in the company, valued at approximately $1,870,101.89. This trade represents a 58.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,003 shares of company stock worth $32,216,641 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

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.