Whittier Trust Co. of Nevada Inc. Sells 4,857 Shares of The Goldman Sachs Group, Inc. $GS

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,726 shares of the investment management company’s stock after selling 4,857 shares during the quarter. The Goldman Sachs Group accounts for about 0.7% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 28th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in The Goldman Sachs Group were worth $36,137,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GS. Dagco Inc. bought a new position in The Goldman Sachs Group in the 4th quarter valued at $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $26,000. Manning & Napier Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. Steph & Co. bought a new position in The Goldman Sachs Group during the first quarter valued at about $27,000. Finally, Lifetime Wealth Management P.C. bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $29,000. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GS has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $1,000.00 to $1,195.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Jefferies Financial Group reduced their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Daiwa Securities Group raised their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Ten investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $974.18.

Insider Buying and Selling

In related news, 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,681 shares of company stock valued at $31,737,875. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs’ private credit fund reportedly continued to avoid meaningful redemption pressure, which supports confidence in one of the firm’s growing asset-management businesses. Redemption Pressures Remain Low at This Goldman Private Credit Fund
• Positive Sentiment: Goldman’s economists said AI could displace about 9% of the U.S. workforce, reinforcing the bank’s visibility on a major macro trend and keeping Goldman in the middle of market conversation. AI Will Displace 9% of the U.S. Workforce, Warns Goldman Economist
• Positive Sentiment: Goldman’s top strategist said investors are rotating within equities, with Europe and non-mega-cap areas holding up well, suggesting the firm remains influential on current portfolio positioning. Goldman’s Top Strategist Says Europe Is Quietly Keeping Pace With the S&P 500
• Neutral Sentiment: Goldman disclosed a derivative-based 2.9% stake and a 3.65% voting interest in Qiagen, but this appears to be a portfolio disclosure rather than a direct catalyst for GS shares. Goldman Sachs reports 2.9% stake in Qiagen via derivatives
• Neutral Sentiment: Financial stocks were broadly higher in late trading, which likely provided a sector tailwind for Goldman Sachs rather than a company-specific move. Sector Update: Financial Stocks Advance Late Afternoon

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $1,022.00 on Monday. The firm has a market capitalization of $301.50 billion, a P/E ratio of 18.68, a PEG ratio of 1.32 and a beta of 1.30. The Goldman Sachs Group, Inc. has a one year low of $691.30 and a one year high of $1,125.00. 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 business has a fifty day moving average price of $1,005.83 and a 200-day moving average price of $933.17.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $14.12 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 60.18 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 1st were given a dividend of $4.50 per share. The ex-dividend date was Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is currently 32.89%.

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.