The Goldman Sachs Group, Inc. $GS Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the 2nd quarter, Holdings Channel reports. The firm owned 205,696 shares of the investment management company’s stock after selling 1,350 shares during the quarter. The Goldman Sachs Group comprises approximately 10.5% of Cacti Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Cacti Asset Management LLC’s holdings in The Goldman Sachs Group were worth $208,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Audent Global Asset Management LLC grew its position in The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after acquiring an additional 479 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of The Goldman Sachs Group by 3.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 215,482 shares of the investment management company’s stock valued at $189,409,000 after acquiring an additional 8,154 shares during the period. Oak Grove Capital LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $1,890,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of The Goldman Sachs Group by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after purchasing an additional 3,653 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of The Goldman Sachs Group by 35.0% in the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock valued at $10,499,000 after purchasing an additional 3,098 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s latest quarterly results showed substantial earnings and revenue beats, reinforcing the strength of its trading, investment banking, and investment-management businesses. The results provide the clearest fundamental support for the stock’s recent performance.
• Positive Sentiment: Roger Altman said markets are continuing to absorb geopolitical tensions, energy shocks, and higher interest rates, suggesting resilient risk appetite that could support Goldman’s market-making and capital-markets operations. Top Wall Street Veteran: The Stock Market Is Shrugging Off Every Major Headwind
• Neutral Sentiment: Goldman launched autocallable notes tied to Meta Platforms stock, demonstrating continued structured-products activity. The announcement may modestly highlight the firm’s product capabilities but is not expected to materially change earnings by itself. Goldman Sachs Launches Autocallable Notes Tied to Meta Platforms Stock
• Neutral Sentiment: Goldman disclosed that its stake in Turkey’s Kardemir exceeded 5%, a regulatory ownership update rather than a direct change to the company’s operating outlook. Goldman Sachs Lifts Kardemir Stake Above 5% Threshold
• Neutral Sentiment: Goldman’s research points to a valuation pullback in Big Tech and a narrowing gap between technology stocks and the rest of the market. This could create rotation and trading opportunities, although it also signals greater uncertainty around equity valuations. The Gap Between Big Tech and the Rest of the Market Just Vanished
• Negative Sentiment: Chief Global Equity Strategist Peter Oppenheimer warned that, while there may not be a valuation bubble, there could be an “earnings bubble.” The caution raises concerns that slowing profit growth could eventually pressure market activity and investor sentiment. Wall Street’s Bulls Are Starting to Admit the Earnings Bubble Is Real

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Dbs Bank increased 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. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Barclays upped their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. HSBC raised their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Finally, Rothschild & Co Redburn lifted their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $1,062.86.

Insider Buying and Selling

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $1,027.61 on Tuesday. The business has a fifty day moving average of $1,053.24 and a 200-day moving average of $955.30. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.63 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a twelve month low of $705.55 and a twelve month high of $1,153.99. The firm has a market cap of $303.16 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the prior year, the company earned $10.91 EPS. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is presently 27.78%.

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.