Focus Partners Wealth Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

Focus Partners Wealth raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 79.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,467 shares of the investment management company’s stock after purchasing an additional 157,914 shares during the period. Focus Partners Wealth’s holdings in The Goldman Sachs Group were worth $283,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at approximately $26,000. First PREMIER Bank purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth $29,000. Clearstead Trust LLC acquired a new position in The Goldman Sachs Group during the second quarter worth $31,000. 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 period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $781.99 on Monday. The company has a market cap of $232.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.96 and a beta of 1.34. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company’s 50-day moving average price is $910.83 and its 200-day moving average price is $844.34. 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 quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The Goldman Sachs Group’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.95 EPS. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of the business’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 owned 125,527 shares of the company’s stock, valued at approximately $117,859,810.84. The trade was a 0.22% 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, EVP John F.W. Rogers sold 13,151 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the sale, the executive vice president owned 39,007 shares of the company’s stock, valued at approximately $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by company insiders.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BNP Paribas Exane lifted their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a report on Tuesday, January 20th. Finally, Rothschild & Co Redburn boosted their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $919.29.

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.