The Goldman Sachs Group, Inc. $GS Stake Trimmed by ING Groep NV

ING Groep NV lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,038 shares of the investment management company’s stock after selling 627 shares during the quarter. ING Groep NV’s holdings in The Goldman Sachs Group were worth $13,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. increased its stake in The Goldman Sachs Group by 76.9% in the 4th quarter. Vermillion Wealth Management Inc. now owns 230 shares of the investment management company’s stock worth $202,000 after purchasing an additional 100 shares in the last quarter. Capital International Sarl increased its stake in The Goldman Sachs Group by 4.5% in the 4th quarter. Capital International Sarl now owns 20,124 shares of the investment management company’s stock worth $17,689,000 after purchasing an additional 861 shares in the last quarter. Tradition Wealth Management LLC increased its stake in The Goldman Sachs Group by 80.2% in the 4th quarter. Tradition Wealth Management LLC now owns 638 shares of the investment management company’s stock worth $561,000 after purchasing an additional 284 shares in the last quarter. Dearborn Partners LLC increased its stake in The Goldman Sachs Group by 116.4% in the 4th quarter. Dearborn Partners LLC now owns 857 shares of the investment management company’s stock worth $753,000 after purchasing an additional 461 shares in the last quarter. Finally, Nemes Rush Group LLC increased its stake in The Goldman Sachs Group by 8.8% in the 4th quarter. Nemes Rush Group LLC now owns 4,717 shares of the investment management company’s stock worth $4,146,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.1%

NYSE:GS opened at $1,040.16 on Monday. The firm has a market capitalization of $306.86 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.34 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1-year low of $609.31 and a 1-year high of $1,098.36. 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 business’s fifty day moving average price is $936.56 and its 200 day moving average price is $901.73.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. During the same period in the previous year, the firm earned $14.12 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 14.4% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the company’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 transaction, the chief accounting officer directly owned 6,338 shares of the company’s stock, valued at $5,889,079.46. This represents a 61.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
• Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
• Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
• Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
• Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
• Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GS shares. Morgan Stanley dropped their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Dbs Bank upped their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Evercore dropped their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets upped their price target on The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $943.95.

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.