Fidelis Capital Partners LLC Boosts Position in The Goldman Sachs Group, Inc. $GS

Fidelis Capital Partners LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 9,057 shares of the investment management company’s stock after acquiring an additional 709 shares during the quarter. Fidelis Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $7,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. A4 Wealth Advisors LLC acquired a new position in The Goldman Sachs Group during the third quarter worth $940,000. Stevens Capital Management LP purchased a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $1,392,000. Meridian Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock worth $1,857,000 after buying an additional 659 shares in the last quarter. AlTi Global Inc. grew its stake in shares of The Goldman Sachs Group by 87.3% in the third quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company’s stock worth $23,707,000 after acquiring an additional 13,879 shares in the last quarter. Finally, National Pension Service grew its stake in shares of The Goldman Sachs Group by 3.1% in the third quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock worth $530,205,000 after acquiring an additional 19,796 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs increased its S&P 500 outlook to 8,000, signaling confidence in earnings momentum and helping reinforce a constructive market backdrop. MarketWatch article
• Positive Sentiment: Goldman’s AI-related research continues to get traction, with its call that Nvidia and Micron are major beneficiaries of the next earnings cycle strengthening Goldman’s visibility in one of the market’s hottest themes. Benzinga article
• Positive Sentiment: SpaceX chose Goldman Sachs as lead underwriter for its planned IPO, a potentially landmark mandate that highlights Goldman’s strength in high-profile capital markets deals. Seeking Alpha article
• Neutral Sentiment: Several companies announced presentations at Goldman Sachs’ upcoming Global Healthcare Conference, which supports the firm’s event pipeline but is unlikely to move GS shares by itself. Business Insider article
• Neutral Sentiment: Coverage about Goldman’s analysts discussing Treasury demand, European equities, and AI bottlenecks mostly reflects the firm’s macro research activity rather than a direct business catalyst for GS stock. Financial Post article

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Jefferies Financial Group decreased their price objective on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Daiwa Securities Group boosted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. CICC Research lifted their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company lowered their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $943.95.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $995.28 on Thursday. 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 Goldman Sachs Group, Inc. has a 52 week low of $592.17 and a 52 week high of $1,016.53. The firm’s 50 day moving average is $904.97 and its two-hundred day moving average is $889.62. The firm has a market capitalization of $293.62 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.28 and a beta of 1.28.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $14.12 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS 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 paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

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.