The Goldman Sachs Group, Inc. $GS Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 69.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,349 shares of the investment management company’s stock after selling 5,305 shares during the period. Ibex Wealth Advisors’ holdings in The Goldman Sachs Group were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Harold Davidson & Associates Inc. grew its holdings in shares of The Goldman Sachs Group by 1.5% during the first quarter. Harold Davidson & Associates Inc. now owns 3,300 shares of the investment management company’s stock valued at $2,792,000 after buying an additional 48 shares during the last quarter. Kestra Advisory Services LLC raised its stake in The Goldman Sachs Group by 7.8% in the 1st quarter. Kestra Advisory Services LLC now owns 85,820 shares of the investment management company’s stock worth $72,603,000 after acquiring an additional 6,192 shares during the last quarter. Money Concepts Capital Corp lifted its position in The Goldman Sachs Group by 25.1% during the 1st quarter. Money Concepts Capital Corp now owns 2,282 shares of the investment management company’s stock worth $1,930,000 after acquiring an additional 458 shares during the period. Resona Asset Management Co. Ltd. grew its stake in The Goldman Sachs Group by 1.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 91,499 shares of the investment management company’s stock valued at $76,752,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Seelaus Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 37.2% in the first quarter. Seelaus Asset Management LLC now owns 461 shares of the investment management company’s stock valued at $390,000 after purchasing an additional 125 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs announced a major expansion of its retirement and asset-management business, securing roughly $70 billion in retirement plan mandates from Verizon and Lockheed Martin, which expands its outsourced CIO platform and highlights strong institutional demand. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
• Positive Sentiment: News that Goldman Sachs is pursuing a large private-markets opportunity and targeting $750 billion in alternative assets under supervision by 2030 supports the long-term growth narrative for its asset and wealth management franchise. Goldman Sachs Sees a $2 Trillion Opportunity in Private Markets
• Positive Sentiment: Several reports highlighted Goldman Sachs as a stock worth watching ahead of Q2 earnings, with commentary pointing to earnings growth, price strength, and generally constructive analyst sentiment. Earnings Growth & Price Strength Make Goldman Sachs (GS) a Stock to Watch
• Neutral Sentiment: Goldman Sachs reportedly tightened internal compliance rules by limiting staff access to prediction markets such as Kalshi and Polymarket, a policy move that is unlikely to materially change fundamentals but reflects a cautious stance toward regulatory risk. Goldman Sachs limits prediction market betting for employees
• Negative Sentiment: Some market commentary remains cautious on banks ahead of earnings, noting that parts of the sector may already be priced for perfection, which could limit upside if results disappoint. A Downgrade Wave Says Bank Stocks Are Priced for Perfection Ahead of Q2 Earnings. Here’s the Bear Case.

Insider Activity

In other news, CAO Sheara J. Fredman sold 10,301 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 33,681 shares of company stock valued at $31,737,875. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject 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 stock an “outperform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 30th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $1,021.00 to $1,099.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Finally, BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $972.00 to $1,070.00 and gave the company a “market perform” rating in a report on Monday, June 29th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $986.91.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $1,055.35 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 has a market cap of $311.34 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.30. The company has a 50 day moving average price of $1,014.98 and a 200-day moving average price of $937.81. The Goldman Sachs Group, Inc. has a 1-year low of $691.30 and a 1-year high of $1,125.00.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 firm 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 firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $14.12 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

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.