Great Lakes Advisors LLC Cuts Position in The Goldman Sachs Group, Inc. $GS

Great Lakes Advisors LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,324 shares of the investment management company’s stock after selling 6,139 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.1% of Great Lakes Advisors LLC’s portfolio, making the stock its 22nd largest holding. Great Lakes Advisors LLC owned 0.06% of The Goldman Sachs Group worth $134,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in The Goldman Sachs Group in the third quarter valued at $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $28,000. Corundum Trust Company INC acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $29,000. Dogwood Wealth Management LLC increased its holdings in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its position in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Citigroup boosted their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Daiwa Capital Markets increased their price objective on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $898.00.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director owned 555,000 shares of the company’s stock, valued at $535,758,150. This trade represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of The Goldman Sachs Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the completion of the transaction, the insider owned 18,533 shares in the company, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 84,395 shares of company stock worth $80,824,289. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $936.69 on Thursday. The company has a market cap of $280.94 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.14 and a beta of 1.33. The business has a fifty day simple moving average of $891.48 and a 200-day simple moving average of $805.95. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $11.95 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is presently 31.20%.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Quarterly beat and upbeat outlook: Goldman’s Q4 results topped estimates (EPS and revenue) and management flagged a strong investment-banking outlook — underpinning investor confidence in the franchise and contributing to upside. Goldman Sachs Soars on Q4 Post, Strong Investment Banking Outlook
• Positive Sentiment: Dividend increase: GS raised its quarterly dividend to $4.50 (annualized $18.00), a meaningful payout increase that supports yield-sensitive investors and signals management confidence in cash flow. Dividend & Q4 coverage
• Positive Sentiment: Analyst and franchise support: RBC labeled GS a “preeminent global investment bank” and several firms have raised targets recently — analyst upgrades help underpin valuation and attract buyers. RBC Capital—Preeminent Global Investment Bank
• Positive Sentiment: Leadership depth: Promotions to Goldman’s partner/leadership group were announced, which investors view as strengthening the firm’s management bench and execution capacity across key businesses. Goldman Sachs Adds Seven Partners to Top Leadership Group
• Neutral Sentiment: Macro/research visibility: Goldman research is prominent this week on gold/silver and AI/semiconductors — this raises trading and research franchise visibility but has mixed direct impact on near-term stock moves. Gold Views — Goldman Sachs
• Neutral Sentiment: Sector/AI tailwinds: Coverage noting rising corporate AI spend and data-center investment (broader demand drivers) may indirectly benefit Goldman’s M&A, capital markets and trading franchises over time. Inside the race to build data centers
• Negative Sentiment: Insider selling: Several senior executives (treasurer Carey Halio, CAO Sheara Fredman, Kathryn Ruemmler) disclosed large January share sales, trimming holdings materially — a short-term negative for sentiment and potential selling pressure. Insider Sale SEC Filing (example)
• Negative Sentiment: Key departure in precious-metals desk: Goldman’s head of precious metals trading left and is set to join Mercuria, which could temporarily disrupt that trading franchise and is a headwind to related revenues. Goldman’s Former Head of Precious Metals Set to Join Mercuria

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.