Nwam LLC Sells 727 Shares of The Goldman Sachs Group, Inc. $GS

Nwam LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,105 shares of the investment management company’s stock after selling 727 shares during the quarter. Nwam LLC’s holdings in The Goldman Sachs Group were worth $5,689,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. D Orazio & Associates Inc. raised its position in shares of The Goldman Sachs Group by 5.3% in the fourth quarter. D Orazio & Associates Inc. now owns 456 shares of the investment management company’s stock valued at $401,000 after purchasing an additional 23 shares during the period. Ballast Rock Private Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $364,000. Bryn Mawr Trust Advisors LLC grew its stake in shares of The Goldman Sachs Group by 0.3% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,343 shares of the investment management company’s stock valued at $4,697,000 after acquiring an additional 17 shares in the last quarter. Midwest Trust Co grew its stake in shares of The Goldman Sachs Group by 2.7% in the fourth quarter. Midwest Trust Co now owns 2,748 shares of the investment management company’s stock valued at $2,415,000 after acquiring an additional 71 shares in the last quarter. Finally, Bensler LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $533,000. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GS. Autonomous Res decreased their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research note on Monday, April 20th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Daiwa Securities Group upped their price target on shares of 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. Finally, UBS Group upped their price target on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $942.24.

The Goldman Sachs Group Trading Up 1.2%

Shares of The Goldman Sachs Group stock opened at $936.72 on Friday. The company has a market capitalization of $276.34 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.21 and a beta of 1.28. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 12-month low of $565.78 and a 12-month high of $984.70. The firm’s 50-day moving average price is $870.56 and its two-hundred day moving average price is $871.13.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 firm had revenue of $17.23 billion for 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 business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $14.12 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share 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. Shareholders of record on Monday, June 1st will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: DBS Bank raised its price target on Goldman Sachs to $1,050 from $890, signaling meaningful upside from current levels. DBS Bank adjusts Goldman Sachs price target to $1,050 from $890
• Positive Sentiment: UBS also nudged its price target higher to $940 from $930, reinforcing a constructive view on the stock. UBS adjusts Goldman Sachs price target to $940 from $930
• Positive Sentiment: Goldman Sachs continues to be highlighted as a momentum name and a potential long-term winner, which can support investor sentiment around the shares. Zacks article on Goldman Sachs as a top momentum stock
• Neutral Sentiment: Goldman Sachs has been active in AI-related commentary and partnerships, including discussion of its in-house AI tools and Anthropic-related collaboration, but these headlines are not immediate stock catalysts. Goldman Sachs tech boss discusses AI usage
• Neutral Sentiment: News that Nvidia named Goldman Sachs veteran Suzanne Nora Johnson to its board reflects Goldman’s influence in finance and tech, but has limited direct impact on GS earnings. Nvidia names Goldman Sachs veteran Suzanne Nora Johnson to board
• Negative Sentiment: Some headlines may pressure sentiment slightly, including insider selling and reports of rising bad loans in Goldman Sachs’ private credit fund and a 3.7% NAV decline at Goldman Sachs BDC. Bloomberg report on Goldman Sachs private credit fund bad loans

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 2,704 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the sale, the executive vice president directly owned 9,428 shares in the company, valued at $9,060,213.72. This represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 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 in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 56,594 shares of company stock valued at $53,359,875. Company insiders own 0.55% of the company’s stock.

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.