The Goldman Sachs Group, Inc. $GS Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,224 shares of the investment management company’s stock after selling 4,236 shares during the period. Wedge Capital Management L L P NC’s holdings in The Goldman Sachs Group were worth $32,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC raised its stake in The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after purchasing an additional 391 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Daiwa Securities Group upped their price objective 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. Rothschild & Co Redburn raised their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Dbs Bank increased their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,062.86.

The Goldman Sachs Group Trading Down 0.2%

NYSE GS opened at $1,032.74 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $705.55 and a 12 month high of $1,153.99. The company has a 50-day moving average of $1,055.59 and a 200-day moving average of $959.02. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $300.70 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the company earned $10.91 earnings per share. The company’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is 30.87%.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs is one of six major financial institutions partnering with NVIDIA to mobilize more than $500 billion in third-party capital for AI infrastructure. The initiative could generate underwriting, advisory, lending and asset-management revenue while strengthening Goldman’s role in financing data-center growth. Nvidia Strikes Deals With Wall Street Firms to Fund Its Own Customers
• Positive Sentiment: Analysts and market commentary continue to highlight Goldman’s leadership in mergers and acquisitions, a record investment-banking backlog and accelerating revenue growth as potential drivers of further earnings expansion. Goldman’s M&A Leadership Bodes Well
• Positive Sentiment: Goldman Sachs’ work on major capital-markets transactions, including advising on Shiprocket’s anchor financing and potentially competing for roles on a proposed CyrusOne IPO, underscores continued deal-flow opportunities across technology and infrastructure. Shiprocket Anchor Round
• Neutral Sentiment: Goldman redeemed all outstanding shares of its 3.65% fixed-to-floating-rate preferred stock and updated related incorporation terms. The action is primarily a balance-sheet and corporate-structure matter, with limited immediate effect on earnings. Goldman Sachs Updates Preferred Stock and Incorporation Terms
• Negative Sentiment: Brazilian police formally accused two Goldman Sachs representatives of fraud in a dispute involving an Oncoclínicas tender offer. The allegations are not a finding of wrongdoing, but the investigation introduces legal, reputational and potential financial risk. Brazilian Police Accuse Goldman Executives of Fraud
• Negative Sentiment: Valuation commentary suggests GS shares are closer to fair value after a substantial multiyear rally, potentially limiting near-term upside unless earnings and deal activity continue to outperform expectations. Goldman Sachs Stock May Be a Bargain on Earnings but Fairly Valued Overall

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.