GM Advisory Group LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

GM Advisory Group LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 26.5% in the first quarter, Holdings Channel.com reports. The firm owned 5,566 shares of the investment management company’s stock after buying an additional 1,167 shares during the period. GM Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $4,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pennsylvania Capital Management Inc. ADV raised its position in shares of The Goldman Sachs Group by 18.7% in the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 362 shares of the investment management company’s stock valued at $306,000 after purchasing an additional 57 shares in the last quarter. K.J. Harrison & Partners Inc grew its position in shares of The Goldman Sachs Group by 27.4% during the first quarter. K.J. Harrison & Partners Inc now owns 13,031 shares of the investment management company’s stock worth $11,024,000 after buying an additional 2,800 shares in the last quarter. Kepler Cheuvreux Suisse SA grew its position in shares of The Goldman Sachs Group by 17.7% during the first quarter. Kepler Cheuvreux Suisse SA now owns 1,513 shares of the investment management company’s stock worth $1,280,000 after buying an additional 228 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of The Goldman Sachs Group by 367.2% in the first quarter. Hunter Associates Investment Management LLC now owns 2,182 shares of the investment management company’s stock worth $1,839,000 after buying an additional 1,715 shares during the last quarter. Finally, Latitude Advisors LLC increased its stake in shares of The Goldman Sachs Group by 40.3% in the first quarter. Latitude Advisors LLC now owns 331 shares of the investment management company’s stock worth $280,000 after buying an additional 95 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s 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 completion of the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,681 shares of company stock valued at $31,737,875 over the last three months. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,022.00 on Friday. The company has a market cap of $301.50 billion, a P/E ratio of 18.68, a PEG ratio of 1.32 and a beta of 1.30. The business has a 50 day moving average of $1,005.83 and a two-hundred day moving average of $932.87. The Goldman Sachs Group, Inc. has a 52 week low of $691.30 and a 52 week high of $1,125.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $14.12 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 60.18 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were given a $4.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday. 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 research report on Monday, April 6th. 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. Rothschild & Co Redburn increased their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $974.18.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ private credit fund reportedly continued to avoid meaningful redemption pressure, which supports confidence in one of the firm’s growing asset-management businesses. Redemption Pressures Remain Low at This Goldman Private Credit Fund
• Positive Sentiment: Goldman’s economists said AI could displace about 9% of the U.S. workforce, reinforcing the bank’s visibility on a major macro trend and keeping Goldman in the middle of market conversation. AI Will Displace 9% of the U.S. Workforce, Warns Goldman Economist
• Positive Sentiment: Goldman’s top strategist said investors are rotating within equities, with Europe and non-mega-cap areas holding up well, suggesting the firm remains influential on current portfolio positioning. Goldman’s Top Strategist Says Europe Is Quietly Keeping Pace With the S&P 500
• Neutral Sentiment: Goldman disclosed a derivative-based 2.9% stake and a 3.65% voting interest in Qiagen, but this appears to be a portfolio disclosure rather than a direct catalyst for GS shares. Goldman Sachs reports 2.9% stake in Qiagen via derivatives
• Neutral Sentiment: Financial stocks were broadly higher in late trading, which likely provided a sector tailwind for Goldman Sachs rather than a company-specific move. Sector Update: Financial Stocks Advance Late Afternoon

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.