Leslie Global Wealth LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 748 shares of the investment management company’s stock, valued at approximately $657,000.
A number of other large investors also recently modified their holdings of GS. Dagco Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $25,000. Corundum Trust Company INC purchased a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Graney & King LLC boosted its position in shares of The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after buying an additional 17 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of The Goldman Sachs Group by 114.3% during the third quarter. True Wealth Design LLC now owns 45 shares of the investment management company’s stock valued at $36,000 after buying an additional 24 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Weiss Ratings raised The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. BNP Paribas Exane cut their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group cut their target price on 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. Finally, HSBC cut their target price on The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Nine research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $922.71.
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman is a partner in a reported $1.5 billion Anthropic joint venture with Blackstone to deliver enterprise AI tools and services to private-equity portfolio companies — a direct business opportunity for Goldman in advisory, distribution and private markets fees. Anthropic Eyes $1.5 Billion Joint Venture with Blackstone, Goldman Sachs
- Positive Sentiment: Goldman Research staff appear bullish on broader market upside (S&P 500 target commentary cited in an AI stocks roundup), which supports risk-on positioning and underwriting activity that can benefit Goldman’s trading and investment banking businesses. 10 Most Promising AI Stocks to Invest In
- Neutral Sentiment: Goldman analysts say Japan has the capacity to repeat yen interventions many times at recent scales — a macro insight that markets follow but is unlikely to move Goldman’s fundamentals directly. Japan Can Conduct 30 More Yen Interventions, Goldman Sachs Says
- Neutral Sentiment: Goldman’s commodity research finds Russia’s crude exports have remained fairly stable despite recent U.S. sanctions — important for oil market context but only indirectly tied to Goldman’s core revenue drivers. Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
- Negative Sentiment: Goldman’s own research warning that the AI “boom” is seeing returns lag spending introduces skepticism about durable revenue gains from AI adoption — this can pressure AI-related stock valuations and trading volumes. AI boom faces reality check as returns lag behind massive spending
- Negative Sentiment: Goldman research noting hedge funds are cutting tech positions at the fastest pace in a decade is a headwind for tech/AI flow-driven trading and could reduce fee/trading volatility that benefits Goldman. Hedge Funds Dump Tech Stocks at Fastest Rate in a Decade, Goldman Sachs Reports
The Goldman Sachs Group Stock Performance
Shares of The Goldman Sachs Group stock opened at $923.32 on Monday. The business’s fifty day simple moving average is $869.26 and its 200 day simple moving average is $867.57. The firm has a market capitalization of $272.37 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 12 month low of $547.06 and a 12 month high of $984.70. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.56.
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 business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.02% and a net margin of 14.13%.The Goldman Sachs Group’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $14.12 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 EPS 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. Investors 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 yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.
Insider Buying and Selling
In related news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction 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 sale, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 11,623 shares of The Goldman Sachs Group stock in a transaction on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer owned 29,342 shares in the company, valued at $27,627,546.94. This trade represents a 28.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,001 shares of company stock worth $30,367,306. 0.55% of the stock is owned by company insiders.
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.
Further Reading
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