BlackRock Updates Passive Stake in Goldman Sachs (GS)
Ticker: GSCE · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment
TL;DR
**BlackRock still owns Goldman Sachs stock, just a routine update.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Common Stock in The Goldman Sachs Group Inc. as of December 31, 2023. This filing, Amendment No. 11, updates BlackRock's passive investment position in Goldman Sachs. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its long-term view on the stock, even if this specific filing is a routine update of a passive stake.
Why It Matters
This filing shows BlackRock's continued, albeit passive, investment in Goldman Sachs, providing transparency into a major institutional holder's position.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any significant change in strategy or immediate risk.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, continues to hold a passive stake in Goldman Sachs, which is a routine disclosure and doesn't suggest an immediate need for action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- The Goldman Sachs Group Inc. (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 11 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., located at 50 Hudson Yards, New York, NY.
What company's securities are being reported on?
The securities being reported on are the Common Stock of The Goldman Sachs Group Inc., located at 200 West Street, New York, NY.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What rule is BlackRock Inc. filing under?
BlackRock Inc. is filing under Rule 13d-1(b), which typically indicates a passive institutional investor.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding GOLDMAN SACHS GROUP INC (GSCE).