J. L. Bainbridge & Co. Inc. Has $71.96 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

J. L. Bainbridge & Co. Inc. reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,062 shares of the investment management company’s stock after selling 3,440 shares during the quarter. The Goldman Sachs Group comprises 6.4% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 3rd biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in The Goldman Sachs Group were worth $71,962,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GS. Onyx Bridge Wealth Group LLC boosted its stake in The Goldman Sachs Group by 19.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 897 shares of the investment management company’s stock valued at $759,000 after purchasing an additional 149 shares during the period. Trilogy Capital Inc. grew its holdings in The Goldman Sachs Group by 3.8% in the 1st quarter. Trilogy Capital Inc. now owns 5,116 shares of the investment management company’s stock valued at $4,328,000 after buying an additional 187 shares during the last quarter. Braun Stacey Associates Inc. increased its position in The Goldman Sachs Group by 3.0% in the 1st quarter. Braun Stacey Associates Inc. now owns 35,229 shares of the investment management company’s stock worth $29,803,000 after buying an additional 1,021 shares during the period. Union Bancaire Privee UBP SA increased its position in The Goldman Sachs Group by 18.2% in the 1st quarter. Union Bancaire Privee UBP SA now owns 101,591 shares of the investment management company’s stock worth $78,255,000 after buying an additional 15,657 shares during the period. Finally, Beaumont Asset Management L.L.C. lifted its holdings in shares of The Goldman Sachs Group by 0.5% during the first quarter. Beaumont Asset Management L.L.C. now owns 2,657 shares of the investment management company’s stock worth $2,248,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GS shares. Bank of America reduced their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Dbs Bank boosted their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Daiwa Securities Group upped their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reduced their price target 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. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $930.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $960.68.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $1,021.45 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $685.39 and a 12 month high of $1,125.00. The company has a market capitalization of $301.34 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.33 and a beta of 1.30. The stock has a 50 day moving average of $996.38 and a two-hundred day moving average of $928.21. 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 (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $14.12 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid 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 1.8%. The Goldman Sachs Group’s payout ratio is currently 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,681 shares of company stock worth $31,737,875. Corporate insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs highlighted three stocks positioned to benefit from the projected $757 billion AI capex supercycle, reinforcing its influence and constructive stance on major growth themes. Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
• Positive Sentiment: Investors are looking ahead to Goldman Sachs’ second-quarter earnings, with expectations for double-digit earnings growth, which could support sentiment if results confirm strength in trading and investment banking. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
• Neutral Sentiment: Rothschild & Co Redburn raised its price target on Goldman Sachs but maintained a neutral rating, suggesting the shares may be fairly valued after their run-up. MarketScreener report on Rothschild & Co Redburn target change
• Neutral Sentiment: Goldman Sachs remains in the market spotlight, with investors heavily searching the stock and watching for catalysts, but this is more a sentiment indicator than a direct fundamental driver. Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know

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.