Vise Technologies Inc. Raises Stock Position in The Goldman Sachs Group, Inc. $GS

Vise Technologies Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 43.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,113 shares of the investment management company’s stock after purchasing an additional 3,675 shares during the period. Vise Technologies Inc.’s holdings in The Goldman Sachs Group were worth $10,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC grew its position in The Goldman Sachs Group by 1.8% during the fourth quarter. Acropolis Investment Management LLC now owns 630 shares of the investment management company’s stock valued at $554,000 after buying an additional 11 shares during the period. Walkner Condon Financial Advisors LLC grew its position in The Goldman Sachs Group by 2.0% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 574 shares of the investment management company’s stock valued at $505,000 after buying an additional 11 shares during the period. Optas LLC grew its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Optas LLC now owns 2,553 shares of the investment management company’s stock valued at $2,244,000 after buying an additional 11 shares during the period. Pines Wealth Management LLC grew its position in The Goldman Sachs Group by 0.4% during the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock valued at $2,255,000 after buying an additional 11 shares during the period. Finally, Welch & Forbes LLC grew its position in The Goldman Sachs Group by 0.8% during the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock valued at $1,257,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is a lead underwriter on high-profile IPOs, including SpaceX and Anthropic, which could boost future advisory and underwriting fees if those deals come to market. Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030
• Positive Sentiment: Goldman also won new client activity as it raised price targets on stocks like Adani Ports and Broadcom, signaling continued influence from its research and advisory teams. Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price
• Positive Sentiment: Goldman bought a stake in Groww in a block deal, underscoring continued deal-making and interest in private-market financial assets. Groww shares gain 3% as Goldman Sachs buys stake in Rs 210-crore block deal
• Neutral Sentiment: Goldman is highlighting AI as a major force in markets, but its CEO said the technology may “contract” entry-level hiring somewhat over the next few years rather than cause an immediate disruption. Goldman CEO says the bank’s entry-level hiring may ‘contract a little’ as AI changes the talent mix
• Neutral Sentiment: Reports that Goldman’s lobbies are decorated for SpaceX and that it is helping market the IPO add visibility, but these are more symbolic than financially material on their own. Photos show the lobbies of Goldman Sachs and Morgan Stanley decked out in SpaceX gear ahead of IPO
• Negative Sentiment: One market note pointed out that GS had recently dipped more than the broader market, suggesting some short-term volatility even amid the stronger longer-term deal pipeline. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GS. Weiss Ratings lowered shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Jefferies Financial Group dropped their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Daiwa Securities Group lifted their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $943.95.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. This trade represents a 61.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last 90 days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $1,093.03 on Friday. 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 firm’s 50-day moving average is $932.60 and its two-hundred day moving average is $899.87. The Goldman Sachs Group, Inc. has a 12 month low of $592.90 and a 12 month high of $1,095.90. The company has a market capitalization of $322.45 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $14.12 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.

The Goldman Sachs Group Company 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.