Diamant Asset Management Inc. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 84,499.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 422,995 shares of the investment management company’s stock after purchasing an additional 422,495 shares during the quarter. Diamant Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $35,785,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in GS. Dagco Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC boosted its position in shares of The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 23 shares during the period. Steph & Co. bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
Wall Street Analysts Forecast Growth
GS has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Jefferies Financial Group decreased their price target on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. HSBC increased their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Finally, CICC Research lifted their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $960.68.
Insiders Place Their Bets
In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is owned by corporate insiders.
The Goldman Sachs Group Stock Performance
NYSE GS opened at $1,021.45 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $685.39 and a twelve month high of $1,125.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The stock has a market cap of $301.34 billion, a P/E ratio of 18.67, a PEG ratio of 1.33 and a beta of 1.30. The company’s 50-day simple moving average is $996.38 and its 200 day simple moving average is $928.21.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly 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 return on equity of 16.53% and a net margin of 14.13%.The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the previous year, the firm earned $14.12 EPS. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.
Trending Headlines about The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs highlighted three stocks positioned to benefit from the projected $757 billion AI capex supercycle, reinforcing its influence and constructive stance on major growth themes. Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
- Positive Sentiment: Investors are looking ahead to Goldman Sachs’ second-quarter earnings, with expectations for double-digit earnings growth, which could support sentiment if results confirm strength in trading and investment banking. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
- Neutral Sentiment: Rothschild & Co Redburn raised its price target on Goldman Sachs but maintained a neutral rating, suggesting the shares may be fairly valued after their run-up. MarketScreener report on Rothschild & Co Redburn target change
- Neutral Sentiment: Goldman Sachs remains in the market spotlight, with investors heavily searching the stock and watching for catalysts, but this is more a sentiment indicator than a direct fundamental driver. Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know
The Goldman Sachs Group Company Profile
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.
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