Ritholtz Wealth Management grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 5.0% in the first quarter, HoldingsChannel.com reports. The fund owned 11,257 shares of the investment management company’s stock after purchasing an additional 538 shares during the period. Ritholtz Wealth Management’s holdings in The Goldman Sachs Group were worth $9,523,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $2,515,830,000. Corient Private Wealth LLC raised its position in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after buying an additional 2,448,767 shares in the last quarter. Wellington Management Group LLP raised its position in shares of The Goldman Sachs Group by 110.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after buying an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after acquiring an additional 450,984 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs raised its dividend after a strong Fed review, signaling confidence in its capital position and earnings durability. Goldman Sachs Increases Dividend After Strong Fed Review
- Positive Sentiment: Wells Fargo boosted its price target on GS to $1,195 from $1,000 and kept an overweight rating, which may be supporting sentiment. Wells Fargo raises price target on Goldman Sachs
- Positive Sentiment: Analysts also highlighted strong equities trading momentum, with Goldman’s trading revenue expected to top $5 billion again in Q2, reinforcing optimism about near-term results. Goldman’s Equities Trading Momentum Points to Another Strong Quarter
- Neutral Sentiment: Goldman’s alternatives arm led a $110 million Series C for AI firm Taktile, underscoring its push into AI-linked financial infrastructure and private-market investing. Taktile Secures $110M in Goldman Sachs-led Series C to Power AI Transformation in Financial Institutions
- Neutral Sentiment: Commentary around Goldman’s rate outlook and AI strategy may be influencing trading, but these items are more thematic than company-specific catalysts. The AI market has become a ‘rubber band’ — the question now is how far it can stretch, says Goldman strategist
- Negative Sentiment: Despite the upbeat capital-return news and analyst upgrades, the stock has slipped as investors appear to be taking profits and focusing on broader market volatility. Goldman Sachs stock slips despite reports of strong equity activity
Insider Buying and Selling
Wall Street Analyst Weigh In
A number of research firms recently commented on GS. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Bank of America dropped their price target on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. BNP Paribas Exane cut their price objective on 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. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $958.41.
The Goldman Sachs Group Stock Down 1.6%
Shares of NYSE:GS opened at $1,076.59 on Thursday. The stock has a market capitalization of $317.60 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. The stock’s 50-day moving average price is $990.84 and its 200-day moving average price is $926.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 12-month low of $660.78 and a 12-month high of $1,125.00.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. During the same period in the prior year, the business posted $14.12 EPS. The Goldman Sachs Group’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.7%. The Goldman Sachs Group’s payout ratio is presently 32.89%.
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.
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