Biltmore Family Office LLC Trims Stock Holdings in The Goldman Sachs Group, Inc. $GS

Biltmore Family Office LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,116 shares of the investment management company’s stock after selling 608 shares during the quarter. The Goldman Sachs Group comprises 1.1% of Biltmore Family Office LLC’s portfolio, making the stock its 13th biggest holding. Biltmore Family Office LLC’s holdings in The Goldman Sachs Group were worth $8,013,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GS. Dagco Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $25,000. Manning & Napier Advisors LLC lifted 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 worth $27,000 after buying an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Joseph Group Capital Management purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $37,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $39,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Jefferies Financial Group decreased 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 report on Monday, April 6th. Daiwa Securities Group boosted their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Finally, HSBC boosted their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $942.24.

The Goldman Sachs Group Stock Up 0.9%

Shares of NYSE GS opened at $954.65 on Thursday. 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 stock has a market capitalization of $281.63 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28. The stock’s fifty day simple moving average is $874.83 and its two-hundred day simple moving average is $876.52. The Goldman Sachs Group, Inc. has a 12-month low of $582.50 and a 12-month high of $984.70.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $14.12 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Insider Buying and Selling

In related news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction dated 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 sale, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’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 value of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,824 shares of company stock worth $25,062,242. Insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs’ alternatives unit acquired FGI Worldwide, extending its push into private credit, trade finance, and specialty lending as demand for non-bank financing remains strong. Goldman Sachs Alternatives Acquires FGI Worldwide
• Positive Sentiment: The bank recently topped earnings expectations, with revenue and EPS both beating estimates, supporting investor confidence in Goldman Sachs’ trading and investment-banking franchise.
• Positive Sentiment: Goldman Sachs continues to be highlighted in market commentary as a dividend and growth name, reinforcing its appeal to income-oriented investors.
• Neutral Sentiment: Goldman Sachs analysts issued multiple stock calls on other companies this week, including a bullish initiation on AEVEX and a sell rating on Super Micro Computer; these moves show the firm remains active on the Street but do not directly change Goldman’s fundamentals.
• Neutral Sentiment: Several articles discussed Goldman’s views on macro trends such as dollar strength, Fed rate-cut timing, hedge fund positioning, and AI spending. These may matter for the broader trading environment, but the impact on GS itself is indirect.
• Neutral Sentiment: Commentary about Goldman’s AI plans and internal automation efforts points to longer-term efficiency potential, but it also reflects uncertainty about how quickly AI can be adopted safely inside a large bank.
• Negative Sentiment: Goldman Sachs strategist commentary warned that U.S. stocks may be getting frothy and pushed back expectations for Federal Reserve rate cuts, a reminder that a less supportive market backdrop could weigh on capital markets activity.
• Negative Sentiment: Some market pieces noted Goldman’s cautious calls on individual names and the firm’s concern about AI-related operational risks, which could temper enthusiasm around the bank’s near-term outlook.

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.