BDFS Capital LLC Acquires Shares of 614 The Goldman Sachs Group, Inc. $GS

BDFS Capital LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 614 shares of the investment management company’s stock, valued at approximately $540,000.

Other large investors also recently made changes to their positions in the company. Stevens Capital Management LP bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $1,392,000. Robeco Institutional Asset Management B.V. grew its stake 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 purchasing an additional 8,154 shares during the last quarter. Rathbones Group PLC increased its holdings in shares of The Goldman Sachs Group by 12.6% in the third quarter. Rathbones Group PLC now owns 276,364 shares of the investment management company’s stock valued at $220,082,000 after purchasing an additional 30,825 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of The Goldman Sachs Group by 35.0% in the fourth 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. Finally, Franklin Street Advisors Inc. NC raised its position in The Goldman Sachs Group by 2.3% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 56,027 shares of the investment management company’s stock worth $49,248,000 after purchasing an additional 1,275 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Dbs Bank upped their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Morgan Stanley set a $900.00 price target on The Goldman Sachs Group in a report on Friday, June 12th. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, Bank of America lowered their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. 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.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $941.82.

The Goldman Sachs Group Price Performance

GS opened at $1,099.46 on Friday. The company has a fifty day moving average price of $975.46 and a two-hundred day moving average price of $918.48. The firm has a market capitalization of $324.35 billion, a PE ratio of 20.09, a P/E/G ratio of 1.41 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52 week low of $630.01 and a 52 week high of $1,125.00. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share 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 company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the prior year, the business posted $14.12 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs crossed $1 trillion in M&A advisory volume year to date, the fastest pace ever for a bank, which points to a strong pipeline for investment banking and advisory fee growth. Goldman Tops $1 Trillion in M&A Deals, Fastest to Reach the Mark
• Positive Sentiment: That dealmaking milestone suggests Goldman Sachs could benefit from a broader rebound in capital markets activity and stronger fee income in coming quarters. GS Crosses $1T in M&A Deals: Catalyst for Advisory Fee Growth?
• Neutral Sentiment: Former Goldman Sachs executive Rob Kaplan said the Federal Reserve may need to raise rates as soon as September if inflation stays elevated, reinforcing expectations for a more hawkish rate backdrop that could influence bank trading and markets activity. Goldman’s Kaplan Says Fed May Need to Hike as Soon as September
• Neutral Sentiment: Goldman also warned that Big Tech’s massive AI spending could pressure returns on equity, a broader market view that may matter more for client sentiment than for GS’s own earnings. Goldman Sachs Warns Big Tech’s $770 Billion AI Spending Frenzy Could Backfire— Here’s Why
• Negative Sentiment: Bank stocks may face pressure if regulators tighten Basel capital rules, since banks are pushing for more relief amid concerns that tougher market-risk requirements could curb Treasury liquidity and raise trading capital needs. Banks Push for More Basel Relief Amid Treasury Liquidity Fears

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction on Wednesday, May 6th. The stock was 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 SEC filing for this sale provides additional information. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

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.