Brevan Howard Capital Management LP Cuts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Brevan Howard Capital Management LP lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 80.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,080 shares of the investment management company’s stock after selling 92,888 shares during the quarter. Brevan Howard Capital Management LP’s holdings in The Goldman Sachs Group were worth $17,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GS. Gilliland Jeter Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 3.5% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 13 shares in the last quarter. EWA LLC lifted its stake in shares of The Goldman Sachs Group by 2.2% in the third quarter. EWA LLC now owns 612 shares of the investment management company’s stock worth $488,000 after buying an additional 13 shares in the last quarter. Carrera Capital Advisors boosted its position in The Goldman Sachs Group by 3.5% during the third quarter. Carrera Capital Advisors now owns 385 shares of the investment management company’s stock worth $306,000 after acquiring an additional 13 shares during the last quarter. Centerpoint Advisors LLC grew its stake in The Goldman Sachs Group by 1.5% during the 3rd quarter. Centerpoint Advisors LLC now owns 863 shares of the investment management company’s stock valued at $687,000 after acquiring an additional 13 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in The Goldman Sachs Group by 0.9% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,488 shares of the investment management company’s stock valued at $1,185,000 after acquiring an additional 13 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.7%

Shares of NYSE:GS opened at $781.99 on Friday. The company has a market capitalization of $232.06 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.96 and a beta of 1.34. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The business has a 50-day moving average price of $910.83 and a 200 day moving average price of $843.68. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GS) last announced 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 Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same quarter last year, the firm posted $11.95 earnings per share. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect 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. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is 35.09%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Autonomous Res reduced their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Finally, Bank of America increased their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $919.29.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman highlights that the current energy supply shock should spur investment in grid infrastructure and storage — a potential source of advisory, underwriting and asset-management fees for GS. Current energy supply shock will drive investment into grid infrastructure and storage solutions: GS
• Positive Sentiment: Several pieces note GS is deeply oversold technically and that analysts remain constructive (recent price-targets above current levels), which could support a relief rally if markets stabilize or capital-markets activity picks up. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Neutral Sentiment: Governance update — board member Lakshmi Mittal announced retirement. Routine board turnover can be relevant for long-term governance but is unlikely to drive immediate price action. Goldman Sachs Announces Retirement of Board Member Mittal
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — a portfolio move that signals repositioning but is not a major earnings driver for GS itself. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy to Just Under 5%
• Negative Sentiment: Immediate sell pressure was linked to investor worries about the stability of the private credit market after a key bank announcement — contagion concerns in private markets tend to hit large universal banks and asset managers. Why Goldman Sachs (GS) Shares Are Sliding Today
• Negative Sentiment: Goldman’s elevated oil-price forecasts and widespread supply-shock commentary (Brent near $100+ forecasts and warning of much higher spikes) have helped push Treasury yields and a risk-off tone — that environment has weighed on financials and contributed to GS’s intraday weakness. Goldman Sachs forecasts oil at $100 a barrel for March
• Negative Sentiment: Macroeconomic outlook shifts — Goldman pushed back its Fed rate-cut timeline (now expecting cuts later in the year), which, together with oil-driven inflation risk, is keeping markets cautious and depressing risk assets including bank stocks. Goldman now sees first Fed rate cut in September, not June

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total transaction of $255,386.24. Following the transaction, the chief executive officer directly owned 125,527 shares in the company, valued at $117,859,810.84. This represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 1,092 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. The disclosure for this sale is available in the SEC filing. Insiders have sold 117,283 shares of company stock valued at $112,016,033 over the last quarter. 0.55% of the stock is owned by corporate insiders.

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.