World Investment Advisors Lowers Stock Holdings in The Goldman Sachs Group, Inc. $GS

World Investment Advisors cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,080 shares of the investment management company’s stock after selling 2,303 shares during the quarter. World Investment Advisors’ holdings in The Goldman Sachs Group were worth $8,528,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PAX Financial Group LLC increased its stake in shares of The Goldman Sachs Group by 12.5% during the 1st quarter. PAX Financial Group LLC now owns 603 shares of the investment management company’s stock valued at $510,000 after acquiring an additional 67 shares during the last quarter. Carter Financial Group INC. boosted its position in shares of The Goldman Sachs Group by 4.2% in the first quarter. Carter Financial Group INC. now owns 499 shares of the investment management company’s stock worth $422,000 after acquiring an additional 20 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its position in shares of The Goldman Sachs Group by 12.3% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 2,149 shares of the investment management company’s stock worth $1,818,000 after acquiring an additional 236 shares during the last quarter. Sierra Summit Advisors LLC grew its holdings in The Goldman Sachs Group by 6.4% in the first quarter. Sierra Summit Advisors LLC now owns 2,871 shares of the investment management company’s stock valued at $2,429,000 after purchasing an additional 172 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in The Goldman Sachs Group by 12.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 15,030 shares of the investment management company’s stock worth $12,715,000 after purchasing an additional 1,631 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.1%

Shares of GS stock opened at $1,022.00 on Friday. 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 fifty-two week low of $691.30 and a fifty-two week high of $1,125.00. The firm’s 50 day moving average price is $1,005.83 and its two-hundred day moving average price is $932.87. The stock has a market cap of $301.50 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same quarter in the prior year, the business earned $14.12 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 60.18 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the business’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 transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock valued at $31,737,875 in the last 90 days. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ private credit fund reportedly continued to avoid meaningful redemption pressure, which supports confidence in one of the firm’s growing asset-management businesses. Redemption Pressures Remain Low at This Goldman Private Credit Fund
• Positive Sentiment: Goldman’s economists said AI could displace about 9% of the U.S. workforce, reinforcing the bank’s visibility on a major macro trend and keeping Goldman in the middle of market conversation. AI Will Displace 9% of the U.S. Workforce, Warns Goldman Economist
• Positive Sentiment: Goldman’s top strategist said investors are rotating within equities, with Europe and non-mega-cap areas holding up well, suggesting the firm remains influential on current portfolio positioning. Goldman’s Top Strategist Says Europe Is Quietly Keeping Pace With the S&P 500
• Neutral Sentiment: Goldman disclosed a derivative-based 2.9% stake and a 3.65% voting interest in Qiagen, but this appears to be a portfolio disclosure rather than a direct catalyst for GS shares. Goldman Sachs reports 2.9% stake in Qiagen via derivatives
• Neutral Sentiment: Financial stocks were broadly higher in late trading, which likely provided a sector tailwind for Goldman Sachs rather than a company-specific move. Sector Update: Financial Stocks Advance Late Afternoon

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Dbs Bank lifted their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. BNP Paribas Exane dropped their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. 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 report on Monday, April 6th. Citigroup lifted their target price on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $974.18.

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.