The Goldman Sachs Group, Inc. $GS Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 43.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,113 shares of the investment management company’s stock after purchasing an additional 3,675 shares during the period. Vise Technologies Inc.’s holdings in The Goldman Sachs Group were worth $10,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GS. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $2,515,830,000. Wellington Management Group LLP raised its position in The Goldman Sachs Group by 110.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after purchasing an additional 936,015 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after buying an additional 450,984 shares during the last quarter. Vanguard Group Inc. raised its position in The Goldman Sachs Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after buying an additional 418,820 shares during the last quarter. Finally, Jennison Associates LLC raised its position in The Goldman Sachs Group by 40.8% during the 4th quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock worth $1,189,293,000 after buying an additional 392,319 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 represents a 61.91% 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 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is a lead underwriter on high-profile IPOs, including SpaceX and Anthropic, which could boost future advisory and underwriting fees if those deals come to market. Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030
• Positive Sentiment: Goldman also won new client activity as it raised price targets on stocks like Adani Ports and Broadcom, signaling continued influence from its research and advisory teams. Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price
• Positive Sentiment: Goldman bought a stake in Groww in a block deal, underscoring continued deal-making and interest in private-market financial assets. Groww shares gain 3% as Goldman Sachs buys stake in Rs 210-crore block deal
• Neutral Sentiment: Goldman is highlighting AI as a major force in markets, but its CEO said the technology may “contract” entry-level hiring somewhat over the next few years rather than cause an immediate disruption. Goldman CEO says the bank’s entry-level hiring may ‘contract a little’ as AI changes the talent mix
• Neutral Sentiment: Reports that Goldman’s lobbies are decorated for SpaceX and that it is helping market the IPO add visibility, but these are more symbolic than financially material on their own. Photos show the lobbies of Goldman Sachs and Morgan Stanley decked out in SpaceX gear ahead of IPO
• Negative Sentiment: One market note pointed out that GS had recently dipped more than the broader market, suggesting some short-term volatility even amid the stronger longer-term deal pipeline. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $1,093.03 on Friday. The stock has a market cap of $322.45 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52 week low of $592.90 and a 52 week high of $1,095.90. The company’s 50-day moving average price is $932.60 and its 200 day moving average price is $899.87. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $17.23 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same period in the prior year, the company earned $14.12 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GS shares. Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. HSBC upped their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Jefferies Financial Group cut 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 report on Monday, April 6th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Daiwa Securities Group increased 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 report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $943.95.

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.