Main Street Research LLC Invests $739,000 in The Goldman Sachs Group, Inc. $GS

Main Street Research LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, Holdings Channel.com reports. The fund purchased 874 shares of the investment management company’s stock, valued at approximately $739,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised 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 purchasing an additional 418,820 shares in the last quarter. State Street Corp grew its stake in shares of The Goldman Sachs Group by 2.1% in the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after purchasing an additional 394,198 shares during the period. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after purchasing an additional 110,134 shares during the period. Geode Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of The Goldman Sachs Group by 3.4% in the 4th quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock worth $5,254,692,000 after buying an additional 194,109 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $1,055.35 on Friday. The stock has a 50-day moving average price of $1,014.98 and a 200 day moving average price of $937.81. 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 firm has a market cap of $311.34 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.32 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $691.30 and a 12 month high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last released its 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 company had revenue of $17.23 billion for the quarter, compared to the consensus estimate 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 revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $14.12 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction on 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 sale, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. UBS Group lifted their price objective on The Goldman Sachs Group from $940.00 to $1,120.00 and gave the company a “neutral” rating in a report on Tuesday. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. 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. CICC Research lifted their price target on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $986.91.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs announced a major expansion of its retirement and asset-management business, securing roughly $70 billion in retirement plan mandates from Verizon and Lockheed Martin, which expands its outsourced CIO platform and highlights strong institutional demand. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
• Positive Sentiment: News that Goldman Sachs is pursuing a large private-markets opportunity and targeting $750 billion in alternative assets under supervision by 2030 supports the long-term growth narrative for its asset and wealth management franchise. Goldman Sachs Sees a $2 Trillion Opportunity in Private Markets
• Positive Sentiment: Several reports highlighted Goldman Sachs as a stock worth watching ahead of Q2 earnings, with commentary pointing to earnings growth, price strength, and generally constructive analyst sentiment. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: Goldman Sachs reportedly tightened internal compliance rules by limiting staff access to prediction markets such as Kalshi and Polymarket, a policy move that is unlikely to materially change fundamentals but reflects a cautious stance toward regulatory risk. Goldman Sachs limits prediction market betting for employees
• Negative Sentiment: Some market commentary remains cautious on banks ahead of earnings, noting that parts of the sector may already be priced for perfection, which could limit upside if results disappoint. A Downgrade Wave Says Bank Stocks Are Priced for Perfection Ahead of Q2 Earnings. Here’s the Bear Case.

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.