Wallington Asset Management LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,090 shares of the investment management company’s stock after selling 940 shares during the quarter. The Goldman Sachs Group comprises approximately 3.3% of Wallington Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Wallington Asset Management LLC’s holdings in The Goldman Sachs Group were worth $24,610,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew 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 valued at $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. grew 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 valued at $581,000 after purchasing an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its position in The Goldman Sachs Group by 22.2% in 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 purchasing an additional 391 shares during the period. 71.21% of the stock is owned by institutional investors.
The Goldman Sachs Group Price Performance
Shares of The Goldman Sachs Group stock opened at $1,021.45 on Monday. 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 cap of $301.34 billion, a PE ratio of 18.67, a P/E/G ratio of 1.33 and a beta of 1.30. The business has a 50 day moving average of $996.38 and a 200 day moving average of $928.65. The Goldman Sachs Group, Inc. has a 52 week low of $685.39 and a 52 week high of $1,125.00.
The Goldman Sachs Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 32.89%.
Insider Activity at The Goldman Sachs Group
In other The Goldman Sachs Group news, 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 value of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the sale, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 33,681 shares of company stock valued at $31,737,875 in the last three months. Corporate insiders own 0.55% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on GS shares. Jefferies Financial Group lowered their price target on shares of 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. Citigroup lifted their price objective on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Evercore lowered their price objective on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Finally, Daiwa Securities Group increased their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $960.68.
Check Out Our Latest Research Report on GS
Key Headlines Impacting The Goldman Sachs Group
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman Sachs highlighted three stocks positioned to benefit from the projected $757 billion AI capex supercycle, reinforcing its influence and constructive stance on major growth themes. Goldman Sachs Predicts 3 Stocks to Benefit Most From $757B AI’s Capex Supercycle
- Positive Sentiment: Investors are looking ahead to Goldman Sachs’ second-quarter earnings, with expectations for double-digit earnings growth, which could support sentiment if results confirm strength in trading and investment banking. Here’s What to Expect From Goldman Sachs’ Next Earnings Report
- Neutral Sentiment: Rothschild & Co Redburn raised its price target on Goldman Sachs but maintained a neutral rating, suggesting the shares may be fairly valued after their run-up. MarketScreener report on Rothschild & Co Redburn target change
- Neutral Sentiment: Goldman Sachs remains in the market spotlight, with investors heavily searching the stock and watching for catalysts, but this is more a sentiment indicator than a direct fundamental driver. Investors Heavily Search The Goldman Sachs Group, Inc. (GS): Here is What You Need to Know
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.
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