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DAVENPORT & Co LLC Has $8.33 Million Stake in The Goldman Sachs Group, Inc. $GS
DAVENPORT & Co LLC significantly reduced its holdings in The Goldman Sachs Group by 12.0%, now owning 9,472 shares valued at $8.33 million. This reduction comes alongside substantial insider selling, with company insiders offloading approximately $112 million worth of shares in the last quarter, bringing their total ownership to just 0.55%. Despite these sales, Goldman Sachs exceeded Q4 earnings estimates, reporting $13.55 EPS on $15.71 billion revenue, and increased its quarterly dividend to $4.50.