US Asset Management LLC Sells 69 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

23 May 2025, 10:14 by Jessica Moore · The Cerbat Gem

US Asset Management LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,270 shares of the investment management company’s stock after selling 69 shares during the quarter. The Goldman Sachs Group comprises 1.2% of US Asset Management LLC’s portfolio, making the stock its 18th biggest holding. US Asset Management LLC’s holdings in The Goldman Sachs Group were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Geode Capital Management LLC grew its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock valued at $3,761,576,000 after purchasing an additional 161,500 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after buying an additional 112,696 shares during the period. FMR LLC grew its stake in The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock valued at $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Northern Trust Corp grew its stake in The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock valued at $1,885,454,000 after buying an additional 428,502 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in The Goldman Sachs Group by 8.3% in the 4th quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company’s stock worth $1,723,920,000 after acquiring an additional 229,673 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $598.07 on Friday. The firm has a market capitalization of $183.51 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The business has a fifty day simple moving average of $546.23 and a 200 day simple moving average of $581.34. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GS. Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. JMP Securities decreased their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $593.40.

Get Our Latest Analysis on GS

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.