Invesco Ltd. Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

Invesco Ltd. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,913,172 shares of the investment management company’s stock after acquiring an additional 97,387 shares during the quarter. Invesco Ltd. owned approximately 0.97% of The Goldman Sachs Group worth $2,319,905,000 as of its most recent SEC filing.

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

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman’s product/ETF business showing traction — its GPIQ fund (a QYLD-style product) yields north of 10%, attracting assets and income-oriented flows that can support fee revenue. Goldman Sachs Engineered a QYLD Competitor Yielding Over 10%
• Positive Sentiment: Goldman’s research/coverage business remains influential — the firm raised price targets on three major tech names, underscoring its advisory/research value to institutional clients. Goldman Sachs Raises Price Targets on 3 Tech Giants by 10% and More
• Positive Sentiment: Goldman is a major institutional player in digital-asset ETFs (largest disclosed holder of spot XRP ETF exposure), signaling growth in its markets/trading franchise and diversification of fee sources. Goldman Sachs Takes Lead With $153.8M in XRP ETFs
• Neutral Sentiment: Goldman now projects the first Fed rate cut in September (not June), an updated macro timing call that has mixed implications for bank margins and asset prices. Goldman now sees first Fed rate cut in September, not June
• Neutral Sentiment: Goldman lifted its near-term Brent crude forecast (to about $98 for March/April), a market view that boosts trading volatility and revenues but also raises economic and inflation risks. The Biggest Supply Shock Ever – And Goldman Just Raised Oil Price Forecasts
• Negative Sentiment: Broader risk-off: rising Treasury yields and oil-driven uncertainty pressured financial stocks today, a key driver of Goldman’s share weakness as investors reduce cyclical/bank exposure. Goldman Sachs falls 4.1% as rising yields and oil-driven risk-off pressure weigh on financials
• Negative Sentiment: Goldman cut its U.S. growth outlook tied to the Iran conflict and warned of broader economic spillovers — that weaker growth outlook reduces investor appetite for cyclical bank exposure. Goldman cuts U.S. economic outlook over the Iran war — and the fears goes beyond oil
• Negative Sentiment: Goldman raised recession odds to ~25% amid stagflation concerns; higher macro risk and possible slower deal/activity levels are negative for investment-banking fees. Goldman Sachs raises recession odds to 25 amid stagflation fears

The Goldman Sachs Group Trading Down 4.5%

NYSE:GS opened at $786.91 on Friday. The company has a market cap of $233.51 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.01 and a beta of 1.34. The stock’s fifty day moving average price is $913.46 and its two-hundred day moving average price is $842.71. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the previous year, the business earned $11.95 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.3%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is 35.09%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. This represents a 32.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 13,151 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total transaction of $12,612,203.53. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on GS. Daiwa Securities Group raised their target price on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. HSBC increased their price target on The Goldman Sachs Group from $742.00 to $802.00 in a research note on Friday, February 6th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Keefe, Bruyette & Woods upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $919.29.

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.