Zurcher Kantonalbank Zurich Cantonalbank Buys 16,311 Shares of The Goldman Sachs Group, Inc. $GS

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 169,899 shares of the investment management company’s stock after buying an additional 16,311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Goldman Sachs Group were worth $149,341,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Acropolis Investment Management LLC increased its position in shares of The Goldman Sachs Group by 1.8% during the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock valued at $554,000 after buying an additional 11 shares during the period. Walkner Condon Financial Advisors LLC boosted its position in shares of The Goldman Sachs Group by 2.0% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 11 shares during the period. Terra Nova Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 0.5% in the fourth quarter. Terra Nova Asset Management LLC now owns 2,650 shares of the investment management company’s stock valued at $2,329,000 after acquiring an additional 12 shares during the period. Bluesphere Advisors LLC grew its stake in The Goldman Sachs Group by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 1,620 shares of the investment management company’s stock valued at $1,424,000 after acquiring an additional 12 shares in the last quarter. Finally, Howard Capital Management Inc. grew its stake in The Goldman Sachs Group by 0.5% during the fourth quarter. Howard Capital Management Inc. now owns 2,284 shares of the investment management company’s stock valued at $2,008,000 after acquiring an additional 12 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman’s strong Q1 results and solid fundamentals (recent EPS and revenue beats, and healthy ROE) remain a tailwind for the stock — investors view the firm’s core earnings power as supportive of longer-term value.
• Positive Sentiment: High-profile media support: Jim Cramer urged investors not to give up on GS, which can help sentiment and buying interest among retail investors. Don’t Give Up on Goldman Sachs (GS), Says Jim Cramer
• Neutral Sentiment: Goldman research continues active sector coverage (robotaxi forecast reset, gold vs. stocks call, analyst ratings on various companies). These are evidence of ongoing franchise research strength but have mixed direct impact on GS’s share price. Goldman Sachs resets China robotaxi fleet stock forecast
• Neutral Sentiment: Goldman’s strategists note that narrow earnings-revision strength has driven the broader market rally — useful context for investors but not an immediate driver of GS shares. Goldman’s Snider Says Narrow Earnings Strength Fuels Stock Rally
• Negative Sentiment: Goldman warned the latest big buying spree in stocks “is a bit much,” flagging that the wave of buying could slow — this caution can weigh on broad market sentiment and on financial stocks like GS. Why a $33 billion stock market buying spree is now winding down
• Negative Sentiment: An analyst note lifting GS’s price target to $870 was published overnight — the absolute target remains below the stock’s recent levels, which can prompt profit-taking or downward pressure as investors reassess upside. The Goldman Sachs Group (NYSE:GS) Price Target Raised to $870.00
• Negative Sentiment: Macroeconomic/commodity caution: Goldman kept a cautious oil outlook amid weakening demand — a signal of conservative macro assumptions that could temper bank trading and commodities-related revenues. US Stock Market: Goldman sticks to oil forecast as demand weakness deepens

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,092 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 2,704 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total value of $2,598,516.96. Following the completion of the sale, the executive vice president owned 9,428 shares of the company’s stock, valued at $9,060,213.72. The trade was a 22.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,097 shares of company stock worth $46,195,364 in the last 90 days. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $925.73 on Monday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.66 and a current ratio of 1.10. The Goldman Sachs Group, Inc. has a 52-week low of $494.68 and a 52-week high of $984.70. The company has a fifty day moving average of $868.62 and a 200-day moving average of $858.30. The stock has a market capitalization of $273.08 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.21 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.02%. The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the company earned $14.12 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. BMO Capital Markets reduced their price target on shares of The Goldman Sachs Group from $985.00 to $905.00 and set a “market perform” rating for the company in a research report on Monday, April 6th. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Autonomous Res lowered their price objective on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, Rothschild & Co Redburn lifted their price objective on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $920.95.

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.