Strategic Wealth Investment Group LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,398 shares of the investment management company’s stock after selling 7,444 shares during the quarter. The Goldman Sachs Group accounts for 1.9% of Strategic Wealth Investment Group LLC’s holdings, making the stock its 18th largest position. Strategic Wealth Investment Group LLC’s holdings in The Goldman Sachs Group were worth $15,293,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Dagco Inc. bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $25,000. Manning & Napier Advisors LLC increased its stake in 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 last quarter. Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Entrust Financial LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Finally, Joseph Group Capital Management bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $37,000. 71.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
GS has been the topic of a number of research reports. Citigroup boosted their target price on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Evercore decreased their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company decreased their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. UBS Group boosted their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $943.95.
The Goldman Sachs Group Price Performance
Shares of NYSE:GS opened at $1,040.16 on Friday. The firm has a market cap of $306.86 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30. The firm’s fifty day moving average is $936.56 and its 200-day moving average is $900.85. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group, Inc. has a 52 week low of $609.31 and a 52 week high of $1,098.36.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly 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 company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $14.12 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.
Insider Buying and Selling at The Goldman Sachs Group
In other news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last three months. 0.55% of the stock is currently owned by company insiders.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
- Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
- Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
- Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
- Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
- Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
- Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.
The Goldman Sachs Group 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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