The Goldman Sachs Group, Inc. $GS Shares Sold by Vestcor Inc

Vestcor Inc lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,618 shares of the investment management company’s stock after selling 500 shares during the quarter. Vestcor Inc’s holdings in The Goldman Sachs Group were worth $6,696,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Peachtree Investment Partners LLC lifted its position in shares of The Goldman Sachs Group by 110.3% during the fourth quarter. Peachtree Investment Partners LLC now owns 1,188 shares of the investment management company’s stock worth $1,044,000 after purchasing an additional 623 shares in the last quarter. First Command Advisory Services Inc. lifted its position in shares of The Goldman Sachs Group by 4.3% during the fourth quarter. First Command Advisory Services Inc. now owns 586 shares of the investment management company’s stock worth $515,000 after purchasing an additional 24 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of The Goldman Sachs Group by 7.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,878 shares of the investment management company’s stock worth $21,868,000 after purchasing an additional 1,658 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $201,000. Finally, Patron Partners LLC lifted its position in shares of The Goldman Sachs Group by 17.8% during the fourth quarter. Patron Partners LLC now owns 1,209 shares of the investment management company’s stock worth $1,063,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 4.8%

GS stock opened at $1,040.16 on Friday. 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, Inc. has a twelve month low of $609.31 and a twelve month high of $1,098.36. The company’s 50 day moving average is $936.56 and its two-hundred day moving average is $900.85. The stock has a market cap of $306.86 billion, a P/E ratio of 19.01, a PEG ratio of 1.41 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter last year, the company earned $14.12 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. UBS Group raised their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Bank of America reduced their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, HSBC raised their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $943.95.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
• Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
• Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
• Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
• Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
• Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’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 sale, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 in the last ninety days. Company insiders own 0.55% of the company’s stock.

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.