Infrastructure Capital Advisors LLC Cuts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Infrastructure Capital Advisors LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 74.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 813 shares of the investment management company’s stock after selling 2,372 shares during the period. Infrastructure Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $715,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter worth about $25,000. Manning & Napier Advisors LLC raised its holdings in 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 purchasing an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Cornerstone Financial Management LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $33,000. Finally, Entrust Financial LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This trade represents a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last three months. 0.55% of the stock is owned by insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs crossed $1 trillion in year-to-date M&A advisory volume, signaling unusually strong deal activity and supporting expectations for higher investment banking fees. Goldman Sachs shatters dealmaking records with $1 trillion in first-half M&A volume
• Positive Sentiment: Goldman was named lead underwriter for the high-profile SpaceX IPO, which could bring in additional underwriting and capital markets revenue while highlighting its franchise strength. Goldman Sachs (GS) Lands SpaceX IPO Lead As New Listings Come Back Into Focus
• Positive Sentiment: Additional coverage noted that the $1 trillion M&A mark and improved dealmaking trends could help Goldman’s advisory fee growth and support investor optimism around a broader capital markets rebound. GS Crosses $1T in M&A Deals: Catalyst for Advisory Fee Growth?
• Neutral Sentiment: Goldman Sachs also appeared in several unrelated political and market-news items, including congressional bill coverage and broader energy-market commentary, but those items are not direct drivers of GS shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GS. Evercore dropped 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 report on Monday, April 6th. Jefferies Financial Group dropped 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 report on Monday, April 6th. HSBC increased their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, BNP Paribas Exane dropped their target price on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $941.82.

The Goldman Sachs Group Stock Up 0.8%

GS stock opened at $1,099.16 on Thursday. The company’s 50 day simple moving average is $970.74 and its 200-day simple moving average is $916.56. The firm has a market capitalization of $324.26 billion, a PE ratio of 20.09, a P/E/G ratio of 1.41 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $623.65 and a 12 month high of $1,121.94. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $14.12 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 59.48 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.6%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

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.