Phoenix Financial Ltd. Buys 1,017 Shares of The Goldman Sachs Group, Inc. $GS

Phoenix Financial Ltd. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,314 shares of the investment management company’s stock after purchasing an additional 1,017 shares during the period. Phoenix Financial Ltd.’s holdings in The Goldman Sachs Group were worth $6,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Donoghue Forlines LLC lifted its holdings in shares of The Goldman Sachs Group by 3.7% during the 4th quarter. Donoghue Forlines LLC now owns 2,929 shares of the investment management company’s stock valued at $2,575,000 after purchasing an additional 104 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of The Goldman Sachs Group by 1.3% during the 4th quarter. Bessemer Group Inc. now owns 13,549 shares of the investment management company’s stock valued at $11,909,000 after purchasing an additional 180 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of The Goldman Sachs Group by 2.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,987 shares of the investment management company’s stock valued at $13,189,000 after purchasing an additional 353 shares during the last quarter. AM Investment Strategies LLC lifted its holdings in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. AM Investment Strategies LLC now owns 6,425 shares of the investment management company’s stock valued at $5,648,000 after purchasing an additional 61 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in shares of The Goldman Sachs Group by 4.5% during the 4th quarter. Avantax Planning Partners Inc. now owns 375 shares of the investment management company’s stock valued at $329,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,824 shares of company stock worth $25,062,242 in the last ninety days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $968.70 on Friday. The business’s 50-day moving average is $876.97 and its two-hundred day moving average is $877.82. The company has a market capitalization of $285.78 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group, Inc. has a fifty-two week low of $582.50 and a fifty-two week high of $984.70.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 company had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $14.12 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, April 13th. BNP Paribas Exane reduced their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. HSBC raised their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Argus raised their target price on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Jefferies Financial Group reduced their target price 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. Eight research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $942.24.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs Asset Management said private equity firms are increasingly selling portfolio companies at or below carrying value, a sign that pricing is normalizing and exits may improve going forward, which could be constructive for Goldman’s alternatives and asset-management businesses. PE firms started selling companies at a loss last year
• Positive Sentiment: Goldman’s market strategists highlighted a rare volatility setup in the S&P 500 and Nasdaq-100 that has historically preceded further upside, reinforcing a bullish tone across risk assets and helping sentiment toward GS-linked market and trading revenues. Goldman Says Rare Stock Market Volatility Signal Could Point to More Upside
• Positive Sentiment: Goldman Sachs reportedly deepened its private credit push by acquiring FGI Worldwide, extending its reach in specialty lending and non-bank financing as demand for alternative credit continues to grow. Goldman Sachs Arm Deepens Private Credit Push With FGI Acquisition
• Positive Sentiment: Goldman was also cited in coverage showing retail investors now hold about 10% of U.S. market value in self-directed accounts, underscoring a favorable environment for trading and brokerage activity. Retail investors hold equity assets equal to 10% of U.S. market cap: Goldman
• Neutral Sentiment: Separate articles noted Goldman’s analyst calls on other companies, including UnitedHealth, Marathon Petroleum, Riskified, and Vodafone; these reflect the bank’s active research coverage but are not direct drivers of GS earnings by themselves.
• Neutral Sentiment: Commentary on AI bottlenecks and leverage concerns at Goldman highlighted strategic thinking inside the firm, but the pieces were more thematic than stock-moving for GS today.
• Negative Sentiment: A reported block sale by Goldman Sachs of Jio Financial shares is a reminder that the firm is also active on the disposition side of its investment book, though the direct impact on GS equity appears limited. Jio Financial block deal: Goldman Sachs sells over 26.75 lakh shares worth Rs 62 crore

The Goldman Sachs Group Company 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.