Buck Wealth Strategies LLC Acquires 10,770 Shares of The Goldman Sachs Group, Inc. $GS

Buck Wealth Strategies LLC grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1,240.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,638 shares of the investment management company’s stock after acquiring an additional 10,770 shares during the period. Buck Wealth Strategies LLC’s holdings in The Goldman Sachs Group were worth $10,230,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GS. Hartline Investment Corp grew its position in The Goldman Sachs Group by 153.3% in the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 860 shares in the last quarter. A4 Wealth Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $940,000. Stevens Capital Management LP purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $1,392,000. Meridian Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 659 shares in the last quarter. Finally, AlTi Global Inc. lifted its stake in shares of The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock valued at $23,707,000 after buying an additional 13,879 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, CAO Sheara J. Fredman sold 10,301 shares of the company’s 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 sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at $5,889,079.46. This represents 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 through this link. Also, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the sale, the executive vice president directly owned 39,007 shares in the company, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 56,594 shares of company stock valued at $53,359,875 in the last quarter. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price 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 note on Monday, April 6th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a report on Friday, January 16th. Weiss Ratings raised shares of The Goldman Sachs Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research note on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $942.24.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $936.72 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $565.78 and a 1-year high of $984.70. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.66. The company has a market capitalization of $276.34 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.19 and a beta of 1.28. The firm’s 50 day simple moving average is $870.56 and its two-hundred day simple moving average is $871.13.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The firm had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the business posted $14.12 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. Research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: DBS Bank raised its price target on Goldman Sachs to $1,050 from $890, signaling meaningful upside from current levels. DBS Bank adjusts Goldman Sachs price target to $1,050 from $890
• Positive Sentiment: UBS also nudged its price target higher to $940 from $930, reinforcing a constructive view on the stock. UBS adjusts Goldman Sachs price target to $940 from $930
• Positive Sentiment: Goldman Sachs continues to be highlighted as a momentum name and a potential long-term winner, which can support investor sentiment around the shares. Zacks article on Goldman Sachs as a top momentum stock
• Neutral Sentiment: Goldman Sachs has been active in AI-related commentary and partnerships, including discussion of its in-house AI tools and Anthropic-related collaboration, but these headlines are not immediate stock catalysts. Goldman Sachs tech boss discusses AI usage
• Neutral Sentiment: News that Nvidia named Goldman Sachs veteran Suzanne Nora Johnson to its board reflects Goldman’s influence in finance and tech, but has limited direct impact on GS earnings. Nvidia names Goldman Sachs veteran Suzanne Nora Johnson to board
• Negative Sentiment: Some headlines may pressure sentiment slightly, including insider selling and reports of rising bad loans in Goldman Sachs’ private credit fund and a 3.7% NAV decline at Goldman Sachs BDC. Bloomberg report on Goldman Sachs private credit fund bad loans

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.