The Goldman Sachs Group, Inc. $GS Stock Holdings Lowered by Profund Advisors LLC

by · The Cerbat Gem

Profund Advisors LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,401 shares of the investment management company’s stock after selling 652 shares during the period. Profund Advisors LLC’s holdings in The Goldman Sachs Group were worth $6,505,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dagco Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $25,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% during 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 during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Entrust Financial LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. Finally, Graney & King LLC grew 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 worth $35,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last 90 days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $945.40 on Tuesday. The firm has a 50-day moving average price of $880.81 and a 200 day moving average price of $880.02. The firm has a market capitalization of $278.90 billion, a PE ratio of 17.28, a P/E/G ratio of 1.22 and a beta of 1.28. 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 $582.50 and a 52-week high of $984.70.

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 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the prior year, the company earned $14.12 EPS. The Goldman Sachs Group’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GS. Evercore decreased their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Jefferies Financial Group decreased their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Dbs Bank increased their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Daiwa Securities Group increased their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $942.24.

Check Out Our Latest Report on The Goldman Sachs Group

Key The Goldman Sachs Group News

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

  • Positive Sentiment: Goldman Sachs reported a strong rebound in investment banking fees, which climbed 48% in the first quarter, suggesting improved deal activity and better revenue prospects for the firm. Article Title
  • Positive Sentiment: Goldman’s market commentary has been constructive on AI-related themes, with the firm saying AI and hyperscaler stocks are becoming a “defensive” trade as investors look for growth exposure, reinforcing Goldman’s relevance in a leading market trend. Article Title
  • Positive Sentiment: The firm said central banks are likely to increase gold buying, which could support commodity prices and reflects Goldman’s market influence in a key macro theme. Article Title
  • Neutral Sentiment: CFO Denis P. Coleman sold 6,857 shares in a disclosed transaction, but the sale was only a partial reduction in his holdings and does not by itself signal a change in the company’s fundamentals. Article Title
  • Neutral Sentiment: Goldman also disclosed portfolio changes in crypto-related holdings, including exits from XRP and Solana ETF exposure and a new position tied to Hyperliquid, which looks more like a portfolio rebalance than a direct earnings driver for GS shares. Article Title

The Goldman Sachs Group Company Profile

(Free Report)

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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