State Street Corp. Updates Goldman Sachs Stake via SC 13G/A
Ticker: GSCE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns Goldman Sachs stock, a good sign for investors.**
AI Summary
State Street Corporation, a major financial services company, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of common stock in The Goldman Sachs Group Inc. as of December 31, 2023. This filing is an update to their previous disclosures, confirming their continued passive investment in Goldman Sachs. For investors, this means a significant institutional player maintains a position in Goldman Sachs, which can be seen as a vote of confidence in the company's long-term prospects.
Why It Matters
This filing shows that a large institutional investor, State Street Corporation, continues to hold shares in Goldman Sachs, signaling ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
A smart investor would note State Street's continued passive stake in Goldman Sachs as a sign of institutional confidence, but recognize this filing doesn't suggest any immediate catalysts for the stock.
Key Numbers
- 38141G104 — CUSIP Number (identifies the common stock of The Goldman Sachs Group Inc.)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
- 005-56295 — SEC File Number (identifies The Goldman Sachs Group Inc. with the SEC)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- The Goldman Sachs Group Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000454 (dollar_amount) — accession number for the filing
- January 30, 2024 (date) — date the SC 13G/A was filed
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Goldman Sachs for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previous beneficial ownership report.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, as stated on page 2 of 5 of the filing.
What is the 'Name of Issuer' for the securities being reported?
The 'Name of Issuer' is GOLDMAN SACHS GROUP INC/THE, as indicated on page 1 of 5 of the filing.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was 12/31/2023, as specified on page 1 of 5 of the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13D-1 (B), as indicated by the 'X' next to the rule on page 1 of 5 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding GOLDMAN SACHS GROUP INC (GSCE).