HighTower Advisors LLC Sells 8,933 Shares of The Goldman Sachs Group, Inc. $GS

HighTower Advisors LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 262,998 shares of the investment management company’s stock after selling 8,933 shares during the quarter. HighTower Advisors LLC’s holdings in The Goldman Sachs Group were worth $231,175,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GS. Envestnet Portfolio Solutions Inc. grew its holdings in The Goldman Sachs Group by 65.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,397 shares of the investment management company’s stock valued at $15,287,000 after purchasing an additional 6,889 shares during the period. WD Rutherford LLC raised its stake in shares of The Goldman Sachs Group by 17.2% in the fourth quarter. WD Rutherford LLC now owns 5,060 shares of the investment management company’s stock valued at $4,448,000 after buying an additional 743 shares during the period. Entrust Financial LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. Cascade Financial Partners LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth $216,000. Finally, Odyssey Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth $2,063,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group 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 value of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares of the company’s stock, 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 SEC, which is available at this link. Also, CFO Denis P. Coleman sold 6,857 shares of the business’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. The trade was a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last 90 days. 0.55% of the stock is owned by insiders.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs reported a strong rebound in investment banking fees, which climbed 48% in the first quarter, suggesting improved deal activity and better revenue prospects for the firm. Article Title
• Positive Sentiment: Goldman’s market commentary has been constructive on AI-related themes, with the firm saying AI and hyperscaler stocks are becoming a “defensive” trade as investors look for growth exposure, reinforcing Goldman’s relevance in a leading market trend. Article Title
• Positive Sentiment: The firm said central banks are likely to increase gold buying, which could support commodity prices and reflects Goldman’s market influence in a key macro theme. Article Title
• Neutral Sentiment: CFO Denis P. Coleman sold 6,857 shares in a disclosed transaction, but the sale was only a partial reduction in his holdings and does not by itself signal a change in the company’s fundamentals. Article Title
• Neutral Sentiment: Goldman also disclosed portfolio changes in crypto-related holdings, including exits from XRP and Solana ETF exposure and a new position tied to Hyperliquid, which looks more like a portfolio rebalance than a direct earnings driver for GS shares. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GS shares. UBS Group increased their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, Citigroup increased their target price on The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $942.24.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $945.40 on Tuesday. The company has a 50 day moving average of $880.81 and a 200 day moving average of $880.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The stock has a market cap of $278.90 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.22 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 12 month low of $582.50 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The firm had revenue of $17.23 billion during 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $14.12 EPS. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced 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. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

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.