Nwam LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 69.5% during the first quarter, HoldingsChannel.com reports. The firm owned 1,862 shares of the investment management company’s stock after selling 4,243 shares during the quarter. Nwam LLC’s holdings in The Goldman Sachs Group were worth $1,576,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dagco Inc. bought a new position in The Goldman Sachs Group during the 4th quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth $26,000. Manning & Napier Advisors LLC boosted its holdings 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 worth $27,000 after acquiring an additional 23 shares in the last quarter. Steph & Co. purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs posted record Q2 results, with EPS of $20.98 and revenue of $20.34 billion, both well above estimates, which is the main reason the stock is rising. Reuters: Goldman’s profit jumps on trading surge, corporate deal spree
- Positive Sentiment: Trading was exceptional, with equities revenue hitting a new record as market volatility and active client positioning boosted results. CNBC: The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
- Positive Sentiment: Investment banking fees rose sharply as corporate dealmaking and underwriting picked up, suggesting a healthier pipeline ahead. Zacks: GS Q2 Earnings Call Highlights AI-Driven Deal & Trading Surge
- Positive Sentiment: Management highlighted AI-related infrastructure spending and financing demand as an additional tailwind, which supports the bullish narrative around future growth. PYMNTS: The Real Bank Earnings Story Was the AI Spending Boom
- Positive Sentiment: The company also raised its quarterly dividend by 11.1% to $5.00, a sign of confidence in capital strength and earnings durability. TipRanks: Goldman Sachs posts strong Q2 earnings and dividend hike
- Neutral Sentiment: Several analysts lifted price targets after the strong report, but some still warned that much of the good news may already be reflected in the stock’s recent run. Benzinga: Goldman Sachs Crushes Records, but This Analyst Warns the Party Is Over
- Negative Sentiment: Ongoing news around Kathryn Ruemmler’s Epstein-related testimony is a reputational overhang, though it appears secondary to the earnings-driven rally today. CNBC: Goldman Sachs’ Ruemmler to face House questioning on Jeffrey Epstein
Analysts Set New Price Targets
Get Our Latest Stock Analysis on GS
The Goldman Sachs Group Stock Up 1.1%
GS stock opened at $1,152.11 on Thursday. The stock has a market capitalization of $339.88 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.46 and a beta of 1.30. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 1-year low of $691.30 and a 1-year high of $1,153.99. The business has a fifty day moving average price of $1,029.22 and a 200-day moving average price of $943.28.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The company had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the firm posted $10.91 earnings per share. The Goldman Sachs Group’s revenue was up 39.4% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 60.44 earnings per share for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.7%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.
Insider Activity at The Goldman Sachs Group
In other news, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by insiders.
About The Goldman Sachs Group
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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