Nwam LLC Has $5.69 Million Holdings in The Goldman Sachs Group, Inc. $GS

Nwam LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,105 shares of the investment management company’s stock after selling 727 shares during the quarter. Nwam LLC’s holdings in The Goldman Sachs Group were worth $5,689,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. D Orazio & Associates Inc. boosted its holdings in The Goldman Sachs Group by 5.3% during the fourth quarter. D Orazio & Associates Inc. now owns 456 shares of the investment management company’s stock worth $401,000 after purchasing an additional 23 shares during the last quarter. Ballast Rock Private Wealth LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $364,000. Bryn Mawr Trust Advisors LLC boosted its holdings in The Goldman Sachs Group by 0.3% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 5,343 shares of the investment management company’s stock worth $4,697,000 after purchasing an additional 17 shares during the last quarter. Midwest Trust Co boosted its holdings in The Goldman Sachs Group by 2.7% during the fourth quarter. Midwest Trust Co now owns 2,748 shares of the investment management company’s stock worth $2,415,000 after purchasing an additional 71 shares during the last quarter. Finally, Bensler LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $533,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GS. Dbs Bank increased their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday. Evercore reduced their target price on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Bank of America reduced their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $942.24.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: DBS Bank raised its price target on Goldman Sachs to $1,050 from $890, signaling meaningful upside from current levels. DBS Bank adjusts Goldman Sachs price target to $1,050 from $890
• Positive Sentiment: UBS also nudged its price target higher to $940 from $930, reinforcing a constructive view on the stock. UBS adjusts Goldman Sachs price target to $940 from $930
• Positive Sentiment: Goldman Sachs continues to be highlighted as a momentum name and a potential long-term winner, which can support investor sentiment around the shares. Zacks article on Goldman Sachs as a top momentum stock
• Neutral Sentiment: Goldman Sachs has been active in AI-related commentary and partnerships, including discussion of its in-house AI tools and Anthropic-related collaboration, but these headlines are not immediate stock catalysts. Goldman Sachs tech boss discusses AI usage
• Neutral Sentiment: News that Nvidia named Goldman Sachs veteran Suzanne Nora Johnson to its board reflects Goldman’s influence in finance and tech, but has limited direct impact on GS earnings. Nvidia names Goldman Sachs veteran Suzanne Nora Johnson to board
• Negative Sentiment: Some headlines may pressure sentiment slightly, including insider selling and reports of rising bad loans in Goldman Sachs’ private credit fund and a 3.7% NAV decline at Goldman Sachs BDC. Bloomberg report on Goldman Sachs private credit fund bad loans

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 2,704 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $960.99, for a total transaction of $2,598,516.96. Following the sale, the executive vice president directly owned 9,428 shares of the company’s stock, valued at approximately $9,060,213.72. This represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 56,594 shares of company stock valued at $53,359,875. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $936.72 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 2.89. The firm’s fifty day moving average price is $870.56 and its two-hundred day moving average price is $871.13. The Goldman Sachs Group, Inc. has a 1 year low of $565.78 and a 1 year high of $984.70. The firm has a market capitalization of $276.34 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.21 and a beta of 1.28.

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

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend 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.