Blair William & Co. IL Buys 1,797 Shares of The Goldman Sachs Group, Inc. $GS

Blair William & Co. IL boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 155,003 shares of the investment management company’s stock after buying an additional 1,797 shares during the period. Blair William & Co. IL’s holdings in The Goldman Sachs Group were worth $136,248,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Dagco Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $25,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Cornerstone Financial Management LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $33,000. Finally, Entrust Financial LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was 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 directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. This represents a 30.21% 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 over the last ninety days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,090.03 on Wednesday. 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 stock has a market cap of $321.57 billion, a PE ratio of 19.92, a PEG ratio of 1.40 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $623.00 and a 12-month high of $1,098.36. The business has a 50-day simple moving average of $966.09 and a two-hundred day simple moving average of $914.56.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same period last year, the firm posted $14.12 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs surpassed $1 trillion in year-to-date M&A advisory volume, signaling record-breaking deal activity and a stronger revenue outlook from investment banking. Goldman Sachs shatters dealmaking records with $1 trillion in first-half M&A volume
• Positive Sentiment: Goldman Sachs was tapped to lead SpaceX’s IPO, which could boost underwriting fees and serves as a high-profile sign that new listings may be returning. Goldman Sachs (GS) Lands SpaceX IPO Lead As New Listings Come Back Into Focus
• Positive Sentiment: Goldman Sachs’ record M&A pace and continued involvement in major financings are reinforcing investor expectations for stronger fee generation across its advisory and capital-markets businesses. Goldman Tops $1 Trillion of M&A, Fastest Ever to Reach the Mark
• Neutral Sentiment: Several articles referenced Goldman’s research and market commentary on oil, Chinese stocks, and AI themes, but these are more about the firm’s views than a direct business catalyst for GS shares. The peace deal is in the price: Goldman Sachs lowers its oil-price target to market levels

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America lowered their price target 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 research report on Tuesday, April 14th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Jefferies Financial Group lowered their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Finally, BNP Paribas Exane cut their price target on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $941.82.

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.