The Goldman Sachs Group, Inc. $GS Stock Holdings Cut by Private Wealth Partners LLC

Private Wealth Partners LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 37,115 shares of the investment management company’s stock after selling 1,585 shares during the quarter. The Goldman Sachs Group accounts for 2.4% of Private Wealth Partners LLC’s portfolio, making the stock its 12th largest position. Private Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $31,399,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $2,515,830,000. Corient Private Wealth LLC boosted 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 purchasing an additional 2,448,767 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock worth $1,417,997,000 after purchasing an additional 936,015 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of The Goldman Sachs Group by 428.4% in 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 purchasing an additional 450,984 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in shares of The Goldman Sachs Group by 84,499.0% in the 1st quarter. Diamant Asset Management Inc. now owns 422,995 shares of the investment management company’s stock worth $35,785,000 after purchasing an additional 422,495 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other news, insider Alex S. Golten sold 1,116 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider owned 2,578 shares of the company’s stock, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the transaction, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Dbs Bank raised their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Morgan Stanley upped their price target on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Citigroup increased their price objective on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Finally, BNP Paribas Exane decreased their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $974.18.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $1,022.00 on Friday. The Goldman Sachs Group, Inc. has a one year low of $691.30 and a one year high of $1,125.00. The company has a 50-day moving average of $1,005.83 and a two-hundred day moving average of $932.87. The stock has a market cap of $301.50 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.32 and a beta of 1.30. 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 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 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 firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $14.12 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 60.18 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Trending Headlines about The Goldman Sachs Group

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.