Peapack Gladstone Financial Corp Has $13.44 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Peapack Gladstone Financial Corp reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,291 shares of the investment management company’s stock after selling 601 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in The Goldman Sachs Group were worth $13,441,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GS. Brighton Jones LLC boosted its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after buying an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after buying an additional 391 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of several research analyst reports. CICC Research raised their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Jefferies Financial Group cut their price target on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Evercore cut 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 note on Monday, April 6th. Weiss Ratings lowered The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $943.95.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs continues to be highlighted as a favorable long-term stock pick, with one article pointing to its positive earnings outlook and market-beating potential. Article Title
• Positive Sentiment: Goldman’s analysts remain active and influential across sectors, including buy ratings and bullish calls on large-cap names like AstraZeneca, which reinforces the firm’s role as a trusted research house. Article Title
• Positive Sentiment: Another report said hedge funds bought stocks at the fastest pace in six months, a theme that can support Goldman Sachs’ trading and market franchise if risk appetite stays strong. Article Title
• Neutral Sentiment: Goldman Sachs is also in the news for market and macro commentary, including warnings on oil prices and economic conditions; these items reflect the firm’s visibility in market analysis but do not directly change the bank’s fundamentals. Article Title
• Neutral Sentiment: Teva’s announcement that its CEO will speak at the Goldman Sachs Global Healthcare Conference is a reminder of GS’s continued influence in capital markets and conference business, but it is not a direct earnings catalyst. Article Title

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,049.24 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $592.17 and a 1 year high of $1,051.20. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $309.54 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The business has a 50-day moving average of $918.15 and a 200-day moving average of $894.47.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period last year, the company earned $14.12 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

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.