The Goldman Sachs Group, Inc. $GS Shares Sold by True North Advisors LLC

True North Advisors LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 48.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 652 shares of the investment management company’s stock after selling 619 shares during the quarter. True North Advisors LLC’s holdings in The Goldman Sachs Group were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. SEB Asset Management AB acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $63,267,000. Vision Retirement LLC lifted its stake in shares of The Goldman Sachs Group by 8.3% in the first quarter. Vision Retirement LLC now owns 2,328 shares of the investment management company’s stock worth $1,970,000 after acquiring an additional 178 shares in the last quarter. World Equity Group Inc. boosted its holdings in The Goldman Sachs Group by 24.0% in the first quarter. World Equity Group Inc. now owns 3,011 shares of the investment management company’s stock valued at $2,547,000 after purchasing an additional 583 shares during the last quarter. AIA Group Ltd boosted its holdings in The Goldman Sachs Group by 33.2% in the first quarter. AIA Group Ltd now owns 23,621 shares of the investment management company’s stock valued at $19,983,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $4,264,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.1%

Shares of NYSE GS opened at $1,066.28 on Monday. The Goldman Sachs Group, Inc. has a 12-month low of $691.88 and a 12-month high of $1,153.99. The company has a market cap of $314.56 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 2.83. The stock’s 50 day simple moving average is $1,035.20 and its 200 day simple moving average is $945.82.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same period in the prior year, the business earned $10.91 EPS. The firm’s revenue was up 39.4% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 66.83 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is currently 27.78%.

Insider Activity

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction 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 trade represents a 30.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,566 shares of company stock worth $30,712,978 in the last 90 days. 0.55% of the stock is currently owned by insiders.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results.
• Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play.
• Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels.
• Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program.
• Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue.
• Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook.

Analyst Ratings Changes

GS has been the topic of several analyst reports. CICC Research lifted their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Rothschild & Co Redburn increased their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Bank of America raised their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Finally, Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $1,061.43.

About The Goldman Sachs Group

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.