O Domhnaill Enterprises Inc. Decreases Stock Holdings in The Goldman Sachs Group, Inc. $GS

O Domhnaill Enterprises Inc. trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 40.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,755 shares of the investment management company’s stock after selling 1,200 shares during the period. The Goldman Sachs Group makes up approximately 1.2% of O Domhnaill Enterprises Inc.’s holdings, making the stock its 26th biggest holding. O Domhnaill Enterprises Inc.’s holdings in The Goldman Sachs Group were worth $1,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Walser Wealth Management Company A Ltd Liability Co boosted its position in shares of The Goldman Sachs Group by 16.7% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 1,316 shares of the investment management company’s stock worth $1,114,000 after purchasing an additional 188 shares in the last quarter. Hodges Capital Management Inc. increased its position in The Goldman Sachs Group by 4.0% during the 1st quarter. Hodges Capital Management Inc. now owns 8,951 shares of the investment management company’s stock valued at $7,572,000 after buying an additional 342 shares in the last quarter. Busey Bank increased its position in The Goldman Sachs Group by 3.2% during the 1st quarter. Busey Bank now owns 38,091 shares of the investment management company’s stock valued at $32,225,000 after buying an additional 1,167 shares in the last quarter. Collaborative Fund Advisors LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at about $715,000. Finally, Nvest Financial LLC boosted its holdings in The Goldman Sachs Group by 30.4% in the first quarter. Nvest Financial LLC now owns 837 shares of the investment management company’s stock worth $708,000 after acquiring an additional 195 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $17.22 during midday trading on Tuesday, hitting $1,038.07. The company’s stock had a trading volume of 317,303 shares, compared to its average volume of 2,297,932. 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 is $1,005.83 and its 200-day moving average is $933.17. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $306.24 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.32 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 business had revenue of $17.23 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $14.12 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 60.18 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, 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 completion of the transaction, the chief financial officer 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,150 from $1,050 and kept a buy rating, signaling confidence in further upside.
• Positive Sentiment: UBS also boosted its target to $1,120 from $940, reflecting a more constructive view on the stock ahead of earnings.
• Positive Sentiment: Analysts expect Goldman Sachs to post year-over-year earnings growth in its upcoming report, with commentary pointing to a high likelihood of an earnings beat.
• Positive Sentiment: Reuters reported that a strong quarter for Wall Street banks could be driven by higher trading revenue and advisory fees, including a boost from the SpaceX IPO and healthier M&A activity.
• Positive Sentiment: Goldman Sachs’ expanding role in EMEA M&A advisory underscores improving dealmaking trends that could support investment-banking revenue. Article Title
• Neutral Sentiment: Goldman Sachs is also in the news for market commentary and stock-picking calls on other companies, which is more about the firm’s research activity than a direct driver of GS earnings.
• Neutral Sentiment: The company’s hiring and technology-investment updates may help long-term efficiency, but they are not likely to move the stock much on their own.
• Negative Sentiment: Broader market weakness ahead of earnings season and some hedge-fund de-risking in tech and industrials may temper risk appetite for financial stocks in the near term.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GS shares. Bank of America upped their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. 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 on the stock in a research note on Monday, April 6th. BNP Paribas Exane decreased their price target on shares of 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. Finally, UBS Group lifted their price objective on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $986.91.

About The Goldman Sachs Group

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.