The Goldman Sachs Group, Inc. $GS Stake Lessened by Lipe & Dalton

Lipe & Dalton lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,340 shares of the investment management company’s stock after selling 689 shares during the quarter. The Goldman Sachs Group accounts for about 6.3% of Lipe & Dalton’s investment portfolio, making the stock its 3rd biggest holding. Lipe & Dalton’s holdings in The Goldman Sachs Group were worth $12,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GS. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the period. Steph & Co. bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.3%

The Goldman Sachs Group stock opened at $1,028.92 on Thursday. The firm has a 50 day moving average of $1,012.40 and a 200 day moving average of $936.67. The firm has a market capitalization of $303.54 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.34 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 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 issued its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The business 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 for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $14.12 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 60.44 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. Stockholders of record on Monday, June 1st were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last 90 days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs is being cited as a beneficiary of a stronger second quarter for Wall Street banks, with analysts saying a trading surge — helped by the SpaceX IPO and solid M&A activity — could lift results when GS reports earnings next week. Article Title
• Positive Sentiment: Bank of America raised its price target on GS to $1,150 and kept a Buy rating, while UBS also lifted its target, reinforcing bullish sentiment ahead of earnings. Article Title
• Positive Sentiment: Multiple previews ahead of the July 14 earnings report say Goldman Sachs could post earnings growth, with expectations centered on strong trading and investment banking revenue. Article Title
• Positive Sentiment: Goldman Sachs is also highlighting long-term growth opportunities in private markets, saying it sees a $2 trillion opportunity and wants to scale alternative assets under supervision to $750 billion by 2030. Article Title
• Neutral Sentiment: Goldman Sachs continues to issue market calls and research across sectors, including a bullish view on Nvidia, a favorable take on Meta, and revised commodity and currency forecasts, which mostly reflects the firm’s influence as a market strategist rather than a direct catalyst for GS shares. Article Title
• Negative Sentiment: One article noted Goldman’s own strategists have warned that leverage is building in markets and that hedge funds are reducing tech exposure, which could signal a more cautious backdrop for risk assets if volatility rises. Article Title

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Dbs Bank lifted their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Jefferies Financial Group cut their price objective 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. Morgan Stanley upped their price objective on The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Finally, Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $986.91.

About The Goldman Sachs Group

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.