Archvest Wealth Advisors Inc. Has $93.58 Million Holdings in The Goldman Sachs Group, Inc. $GS

Archvest Wealth Advisors Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 37,253.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,457 shares of the investment management company’s stock after acquiring an additional 106,172 shares during the period. The Goldman Sachs Group makes up about 26.5% of Archvest Wealth Advisors Inc.’s investment portfolio, making the stock its largest position. Archvest Wealth Advisors Inc.’s holdings in The Goldman Sachs Group were worth $93,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Marietta Investment Partners LLC increased its stake in The Goldman Sachs Group by 7.5% in the 4th quarter. Marietta Investment Partners LLC now owns 288 shares of the investment management company’s stock worth $253,000 after purchasing an additional 20 shares in the last quarter. BlackDiamond Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 5.6% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 337 shares of the investment management company’s stock worth $318,000 after buying an additional 18 shares during the period. Nvest Financial LLC boosted its holdings in shares of The Goldman Sachs Group by 59.3% in the fourth quarter. Nvest Financial LLC now owns 642 shares of the investment management company’s stock worth $564,000 after buying an additional 239 shares during the period. Avestar Capital LLC increased its position in shares of The Goldman Sachs Group by 1.7% in the fourth quarter. Avestar Capital LLC now owns 2,322 shares of the investment management company’s stock worth $2,041,000 after acquiring an additional 38 shares in the last quarter. Finally, GKV Capital Management Co. Inc. increased its position in shares of The Goldman Sachs Group by 4.5% in the fourth quarter. GKV Capital Management Co. Inc. now owns 2,679 shares of the investment management company’s stock worth $2,355,000 after acquiring an additional 116 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was named, alongside Morgan Stanley and JPMorgan, to lead Anthropic’s planned IPO, a potentially lucrative mandate that could boost investment banking fees if the offering launches later this year. Anthropic said to pick Morgan Stanley and Goldman to lead IPO
• Positive Sentiment: Goldman CEO David Solomon and other Goldman commentary highlighted strong investor appetite for AI-related IPOs, saying there is “more greed than fear” and enough liquidity to absorb blockbuster listings such as Anthropic, OpenAI, and SpaceX. That suggests a busy pipeline for Goldman’s capital markets business. Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions
• Positive Sentiment: Goldman’s asset management arm said its ETF platform crossed $100 billion in assets shortly after acquiring Innovator Capital Management, showing continued momentum in a growing fee-based business. Can Buffer ETFs Replace Bonds? Goldman Thinks So
• Neutral Sentiment: Several articles noted Goldman-hosted healthcare conference participation by companies such as Ultragenyx, Quanterix, Haemonetics, and Zealand Pharma. These events reinforce Goldman’s role as a major capital-markets platform, but they are not direct catalysts for GS shares. Morgan Stanley and Goldman Sachs Land Anthropic IPO
• Negative Sentiment: Financial stocks traded lower overall on Wednesday afternoon, which likely weighed on Goldman Sachs as part of the sector. Sector Update: Financial Stocks Decline Wednesday Afternoon
• Negative Sentiment: GS also fell in the latest session, suggesting investors may be taking some profits after a strong run, despite upbeat IPO and asset-management headlines. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the sale, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the transaction, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GS shares. Weiss Ratings lowered shares of 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 objective on shares of 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. Bank of America cut their target price on shares of The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. UBS Group raised their target price on The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Goldman Sachs Group in a 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $943.95.

The Goldman Sachs Group Stock Down 1.9%

The Goldman Sachs Group stock opened at $1,044.85 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $592.90 and a twelve month high of $1,073.97. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $308.24 billion, a PE ratio of 19.09, a P/E/G ratio of 1.37 and a beta of 1.30. The firm’s 50 day moving average price is $927.45 and its two-hundred day moving average price is $897.74.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. During the same quarter last year, the business posted $14.12 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be paid a $4.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s 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.