Sun Sep 15 16:36:48 UTC 2024: ## Goldman Sachs Stock Sees Mixed Signals from Institutional Investors

**New York, NY** – The Goldman Sachs Group, Inc. (NYSE: GS) experienced a mixed bag of activity from institutional investors in the second quarter of 2024. Federated Hermes Inc. trimmed its holdings in the company by 14.8%, while several other investors significantly increased their positions.

**Notable Changes:**

* **Federated Hermes Inc.** sold 16,888 shares of Goldman Sachs, leaving them with 97,369 shares worth $44,042,000.
* **International Assets Investment Management LLC** purchased a new position in Goldman Sachs worth $1,903,374,000 during the first quarter.
* **Norges Bank** also made a new purchase in the fourth quarter, investing $1,120,119,000.
* **AMF Tjanstepension AB** significantly boosted its holding by 1,102.4% in the second quarter, acquiring 743,402 shares to reach a total of 810,836 shares valued at $366,780,000.
* **Wellington Management Group LLP** increased its stake by 27.0% in the fourth quarter, now owning 2,184,196 shares worth $842,597,000.
* **Verity & Verity LLC** grew its holdings by a substantial 26,378.2% in the first quarter, bringing its total to 407,764 shares worth $170,000.

Overall, 71.21% of Goldman Sachs stock is owned by hedge funds and other institutional investors.

**Company Performance and Dividend:**

Goldman Sachs opened at $478.99 on Friday, September 15th. The company announced a quarterly dividend of $3.00 per share, payable on September 27th to investors of record on August 30th. This represents an annualized dividend of $12.00 and a yield of 2.51%, marking an increase from the previous quarter’s dividend.

**Insider Transactions:**

Recent insider transactions saw Brian J. Lee selling 3,500 shares on July 16th, and Director Thomas K. Montag selling 10,000 shares on the same date. Corporate insiders currently own 0.54% of Goldman Sachs stock.

**Analyst Ratings:**

Analyst opinions on Goldman Sachs remain mixed. While some analysts have downgraded their ratings, others have upgraded and increased price targets. Overall, the stock currently has a consensus “Moderate Buy” rating with an average target price of $496.44, according to MarketBeat.com.

**Further Information:**

For detailed information about Goldman Sachs, including its latest 13F filings and insider trades, visit HoldingsChannel.com.

Read More