Modera Wealth Management LLC Has $2.79 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Modera Wealth Management LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,294 shares of the investment management company’s stock after selling 918 shares during the quarter. Modera Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $2,787,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. NovaPoint Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 1.9% during the first quarter. NovaPoint Capital LLC now owns 11,848 shares of the investment management company’s stock valued at $10,024,000 after acquiring an additional 218 shares during the period. PeakShares LLC increased its holdings in shares of The Goldman Sachs Group by 2.9% during the first quarter. PeakShares LLC now owns 1,259 shares of the investment management company’s stock worth $1,065,000 after buying an additional 35 shares in the last quarter. Gould Asset Management LLC CA raised its stake in shares of The Goldman Sachs Group by 8.8% in the first quarter. Gould Asset Management LLC CA now owns 345 shares of the investment management company’s stock valued at $292,000 after acquiring an additional 28 shares during the last quarter. Main Street Group LTD acquired a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $45,000. Finally, Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of The Goldman Sachs Group by 66.4% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 10,120 shares of the investment management company’s stock worth $8,561,000 after purchasing an additional 4,037 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results.
• Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play.
• Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels.
• Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program.
• Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue.
• Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook.

Analyst Ratings Changes

GS has been the topic of several recent research reports. Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America lifted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday. Daiwa Securities Group lifted their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $1,061.43.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,066.28 on Friday. The stock has a 50 day simple moving average of $1,035.20 and a 200 day simple moving average of $945.44. The Goldman Sachs Group, Inc. has a 52-week low of $691.88 and a 52-week high of $1,153.99. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.63 and a current ratio of 1.11. The firm has a market capitalization of $314.56 billion, a PE ratio of 16.46, a P/E/G ratio of 1.20 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The firm’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.91 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 66.83 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 30.87%.

Insider Buying and Selling

In related news, insider Alex S. Golten sold 1,116 shares of the 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 transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,566 shares of company stock worth $30,712,978 in the last three months. Insiders own 0.55% of the company’s stock.

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.