Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the fourth quarter, Holdings Channel reports. The fund bought 2,728 shares of the investment management company’s stock, valued at approximately $2,398,000.
A number of other institutional investors have also added to or reduced their stakes in GS. Brighton Jones LLC increased its position in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Sivia Capital Partners LLC increased its position in The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after purchasing an additional 735 shares during the period. Schnieders Capital Management LLC. increased its position in The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC grew its position in shares of The Goldman Sachs Group by 22.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Down 4.8%
GS stock opened at $1,040.16 on Friday. The firm has a 50 day moving average of $936.56 and a 200 day moving average of $900.85. The stock has a market capitalization 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 company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. 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 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 paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.
Insider Activity at The Goldman Sachs Group
In related news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the sale, the insider owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last 90 days. Company insiders own 0.55% 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 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.
Wall Street Analyst Weigh In
GS has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Evercore cut their price objective 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 report on Monday, April 6th. Bank of America cut their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $943.95.
Read Our Latest Stock Report on The Goldman Sachs Group
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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