Resources Management Corp CT ADV Has $648,000 Stock Holdings in The Goldman Sachs Group, Inc. $GS

Resources Management Corp CT ADV cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 67.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 737 shares of the investment management company’s stock after selling 1,513 shares during the period. Resources Management Corp CT ADV’s holdings in The Goldman Sachs Group were worth $648,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GS. Brighton Jones LLC boosted its holdings in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the period. Schnieders Capital Management LLC. boosted its holdings in shares of The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after buying an additional 70 shares during the period. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after buying an additional 391 shares during the period. 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 helped arrange Alphabet’s first prepaid energy bond deal, adding another high-profile mandate and reinforcing the bank’s strength in specialty financing and debt underwriting. Google Clinches First?of?its?Kind Prepaid Energy Bond Deal With Goldman Sachs
• Positive Sentiment: Goldman also played a role in Alphabet’s large equity raise and then helped bring Google into the prepaid energy market, underscoring its ability to win complex, fee-generating transactions across multiple products. Goldman Brings Google to Prepaid Energy Market After Equity Deal
• Positive Sentiment: Recent commentary highlighted Goldman Sachs’ strong stock performance this year and suggested more upside could remain, reflecting investor confidence in the firm’s earnings power and capital markets exposure. Goldman Sachs stock has soared: here’s why it has more gains ahead
• Neutral Sentiment: MarketBeat-style coverage noted Goldman Sachs’ shares continued to rise, but the move lagged the broader market, suggesting the stock is still being driven more by company-specific deal flow than by a broad re-rating. Here’s Why Goldman Sachs (GS) Gained But Lagged the Market Today
• Neutral Sentiment: Analyst and media discussion around Goldman’s earnings remains supportive, but no major new estimate revision or company announcement was included in the latest batch of articles. Do Goldman Sachs Group’s (NYSE:GS) Earnings Warrant Your Attention?
• Negative Sentiment: Broader headlines about competitors and clients, such as Nvidia’s bond issuance and Robinhood’s IPO push, may increase competition in capital markets even though they do not directly change Goldman’s near-term fundamentals. Nvidia Taps Bond Market for the First Time in Five Years

Insider Activity

In other news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,681 shares of company stock worth $31,737,875. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $1,077.31 on Tuesday. 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 market capitalization of $317.82 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.38 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $618.00 and a 12-month high of $1,098.36. The firm has a 50-day moving average price of $961.56 and a two-hundred day moving average price of $912.63.

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

The Goldman Sachs Group Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on GS. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Dbs Bank lifted their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a report on Monday, April 20th. 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. Finally, CICC Research boosted their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price 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.