The Goldman Sachs Group, Inc. $GS Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,771,556 shares of the investment management company’s stock after acquiring an additional 110,134 shares during the quarter. The Goldman Sachs Group accounts for approximately 2.0% of Fisher Asset Management LLC’s holdings, making the stock its 8th biggest holding. Fisher Asset Management LLC’s holdings in The Goldman Sachs Group were worth $5,952,199,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Choate Investment Advisors increased its holdings in The Goldman Sachs Group by 6.6% during the fourth quarter. Choate Investment Advisors now owns 3,788 shares of the investment management company’s stock valued at $3,330,000 after buying an additional 236 shares during the period. Rooted Wealth Advisors Inc. increased its holdings in The Goldman Sachs Group by 4.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 368 shares of the investment management company’s stock valued at $336,000 after buying an additional 15 shares during the period. Sandy Cove Advisors LLC boosted its stake in The Goldman Sachs Group by 2.2% in the fourth quarter. Sandy Cove Advisors LLC now owns 928 shares of the investment management company’s stock valued at $816,000 after acquiring an additional 20 shares in the last quarter. CYBER HORNET ETFs LLC boosted its stake in The Goldman Sachs Group by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 907 shares of the investment management company’s stock valued at $797,000 after acquiring an additional 47 shares in the last quarter. Finally, Westover Capital Advisors LLC boosted its stake in The Goldman Sachs Group by 1.4% in the fourth quarter. Westover Capital Advisors LLC now owns 12,174 shares of the investment management company’s stock valued at $10,701,000 after acquiring an additional 172 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 0.0%

NYSE:GS opened at $996.73 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $582.50 and a 12 month high of $1,005.36. The firm has a fifty day simple moving average of $892.51 and a 200-day simple moving average of $885.29. 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 company has a market capitalization of $294.04 billion, a P/E ratio of 18.22, a PEG ratio of 1.28 and a beta of 1.28.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate 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 business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the firm posted $14.12 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders 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 1.8%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was selected as lead underwriter for SpaceX’s planned IPO, a highly visible mandate that reinforces GS’s role in elite capital markets deals and could support investment banking revenue. Goldman Hits the Jackpot After Banks’ ‘Dogfight’ to Lead SpaceX’s I.P.O.
• Positive Sentiment: Multiple reports highlighted Goldman’s strength in trading and investment banking, including stronger-than-expected first-quarter results, a bullish “stock to watch” note, and its role in additional financing and alternatives business. 1 Financials Stock to Target This Week and 2 Facing Headwinds
• Positive Sentiment: Goldman’s market calls remain influential, with articles noting its upbeat stance on names like McDonald’s and Enphase Energy, which underscores its continued visibility on Wall Street. Nvidia Just Did The Impossible: Wall Street Still Wants More
• Neutral Sentiment: Goldman also published research suggesting investors consider hedges amid stretched bullish sentiment, which reflects a cautious market backdrop rather than a direct hit to GS fundamentals. As bullish bets surge here’s the option play to protect portfolios from a likely pullback, says Goldman Sachs
• Negative Sentiment: Goldman agreed to pay $500 million to settle shareholder claims tied to the 1MDB scandal, which is a significant legal cost and a reminder of legacy litigation risk for GS. Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Insider Activity at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GS. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. restated 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 for the company in a research note on Tuesday, March 31st. Finally, Wells Fargo & Company lowered their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued 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 $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.