The Goldman Sachs Group, Inc. $GS Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 49.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,500 shares of the investment management company’s stock after selling 15,000 shares during the period. Rheos Capital Works Inc.’s holdings in The Goldman Sachs Group were worth $13,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. NovaPoint Capital LLC increased its holdings in shares of The Goldman Sachs Group by 1.4% during the 4th quarter. NovaPoint Capital LLC now owns 11,630 shares of the investment management company’s stock worth $10,223,000 after buying an additional 157 shares during the last quarter. Bank of Stockton increased its holdings in shares of The Goldman Sachs Group by 24.8% during the 4th quarter. Bank of Stockton now owns 3,152 shares of the investment management company’s stock worth $2,771,000 after buying an additional 626 shares during the last quarter. Finward Bancorp acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $214,000. Albion Financial Group UT increased its holdings in shares of The Goldman Sachs Group by 360.0% during the 4th quarter. Albion Financial Group UT now owns 184 shares of the investment management company’s stock worth $162,000 after buying an additional 144 shares during the last quarter. Finally, Apella Capital LLC increased its holdings in shares of The Goldman Sachs Group by 3.4% during the 4th quarter. Apella Capital LLC now owns 451 shares of the investment management company’s stock worth $397,000 after buying an additional 15 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John F.W. Rogers sold 13,151 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were 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. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total transaction of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This represents a 58.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 in the last ninety days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

GS opened at $866.43 on Tuesday. The firm has a market cap of $255.59 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $984.70. The company’s 50-day moving average price is $873.60 and its 200 day moving average price is $851.88. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60.

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

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 2nd were issued a dividend of $4.50 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GS shares. Argus upped their price objective on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Autonomous Res decreased their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada upped their price target on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $929.62.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman’s private-credit fund reported redemption requests of just under 5% in Q1, well inside its repurchase cap — a sign the firm’s product held up while peers faced large outflows (supports asset-gathering and fee stability). Article Title
• Positive Sentiment: Jefferies expects Goldman to benefit from a trading boom and raised Q1 EPS estimates — stronger trading and market-volatility-driven revenues would support near-term results and margins. Article Title
• Positive Sentiment: Goldman research/strategists are flagging attractive tech stock valuations and Goldman upgraded Netflix — such calls can drive trading and advisory activity and signal constructive market views from the firm’s research desk. Article Title
• Neutral Sentiment: Goldman published research warning AI-driven job losses could cause lasting earnings “scarring” for workers — important macro research but only an indirect driver of GS revenue. Article Title
• Neutral Sentiment: Goldman’s market notes warn copper and oil face downside/volatility if the Strait of Hormuz disruption continues — this is market research that may boost trading activity but also signals macro risk exposure. Article Title
• Negative Sentiment: Several firms trimmed Goldman’s price target (Evercore, BMO; Jefferies also adjusted its PT while keeping a buy rating) — analyst PT reductions can weigh on sentiment even if underlying business remains strong. Article Title

The Goldman Sachs Group 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.