Fidelis Capital Partners LLC Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Fidelis Capital Partners LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,057 shares of the investment management company’s stock after buying an additional 709 shares during the quarter. Fidelis Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $7,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Wellington Management Group LLP lifted its holdings in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after purchasing an additional 450,984 shares during the period. Vanguard Group Inc. increased its holdings in shares of The Goldman Sachs Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after purchasing an additional 418,820 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of The Goldman Sachs Group by 40.8% in the 4th quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock valued at $1,189,293,000 after purchasing an additional 392,319 shares during the period. Finally, Danske Bank A S purchased a new stake in The Goldman Sachs Group during the third quarter worth $178,941,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, 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 value 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 represents a 61.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alex S. Golten sold 1,116 shares of the business’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 transaction, the insider owned 2,578 shares in the company, valued at $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,681 shares of company stock valued at $31,737,875 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GS shares. CICC Research upped their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Evercore lowered their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $943.95.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $995.28 on Thursday. The stock has a market capitalization of $293.62 billion, a P/E ratio of 18.19, a PEG ratio of 1.28 and a beta of 1.28. The business has a 50 day simple moving average of $904.97 and a two-hundred day simple moving average of $889.62. The Goldman Sachs Group, Inc. has a 12 month low of $592.17 and a 12 month high of $1,016.53. 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 Goldman Sachs Group (NYSE:GS) last issued 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 Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.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 previous year, the company posted $14.12 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is presently 32.89%.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs increased its S&P 500 outlook to 8,000, signaling confidence in earnings momentum and helping reinforce a constructive market backdrop. MarketWatch article
• Positive Sentiment: Goldman’s AI-related research continues to get traction, with its call that Nvidia and Micron are major beneficiaries of the next earnings cycle strengthening Goldman’s visibility in one of the market’s hottest themes. Benzinga article
• Positive Sentiment: SpaceX chose Goldman Sachs as lead underwriter for its planned IPO, a potentially landmark mandate that highlights Goldman’s strength in high-profile capital markets deals. Seeking Alpha article
• Neutral Sentiment: Several companies announced presentations at Goldman Sachs’ upcoming Global Healthcare Conference, which supports the firm’s event pipeline but is unlikely to move GS shares by itself. Business Insider article
• Neutral Sentiment: Coverage about Goldman’s analysts discussing Treasury demand, European equities, and AI bottlenecks mostly reflects the firm’s macro research activity rather than a direct business catalyst for GS stock. Financial Post article

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.