Lipe & Dalton Cuts Holdings in The Goldman Sachs Group, Inc. $GS

Lipe & Dalton cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,340 shares of the investment management company’s stock after selling 689 shares during the period. The Goldman Sachs Group accounts for 6.3% of Lipe & Dalton’s portfolio, making the stock its 3rd biggest position. Lipe & Dalton’s holdings in The Goldman Sachs Group were worth $12,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Audent Global Asset Management LLC grew its holdings 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 worth $4,604,000 after purchasing 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 purchasing an additional 8,154 shares during the last quarter. Oak Grove Capital LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $1,890,000. Nomura Asset Management Co. Ltd. boosted its position 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 worth $124,809,000 after purchasing an additional 3,653 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in shares of 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 in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction dated 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 directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,028.92 on Thursday. The firm has a market cap of $303.54 billion, a P/E ratio of 18.80, a PEG ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a twelve month low of $691.30 and a twelve month high of $1,125.00. 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 company has a 50 day moving average of $1,012.40 and a 200 day moving average of $936.67.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS 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 return on equity of 16.53% and a net margin of 14.13%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $14.12 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) 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 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

Analysts Set New Price Targets

A number of research analysts recently weighed in on GS shares. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $972.00 to $1,070.00 and gave the company a “market perform” rating in a research report on Monday, June 29th. Jefferies Financial Group cut their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday. Oppenheimer lowered The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Finally, BNP Paribas Exane dropped their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $986.91.

The Goldman Sachs Group 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.