EULAV Asset Management Sells 503 Shares of The Goldman Sachs Group, Inc. $GS

EULAV Asset Management cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,009 shares of the investment management company’s stock after selling 503 shares during the quarter. EULAV Asset Management’s holdings in The Goldman Sachs Group were worth $5,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GS. Dagco Inc. purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $25,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $31,000. Entrust Financial LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $34,000. Finally, Graney & King LLC grew its position in shares of The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the transaction, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% 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 Kathryn H. Ruemmler sold 14,292 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This trade represents a 47.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock worth $31,737,875 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs was selected, along with Morgan Stanley, to lead Anthropic’s IPO, reinforcing Goldman’s role in major upcoming capital markets deals and supporting confidence in its investment banking franchise.
• Positive Sentiment: Goldman also remains a lead underwriter and visible player in high-profile offerings like SpaceX, with reports highlighting aggressive revenue projections for SpaceX’s AI business ahead of that IPO.
• Positive Sentiment: Jim Cramer said “We Love Goldman,” adding a public bullish endorsement that can improve sentiment around the stock.
• Positive Sentiment: Goldman’s recent market commentary has been constructive, including calls to buy the stock market dip and a view that long-term growth and risk assets remain supported.
• Neutral Sentiment: Goldman disclosed a 3.14% voting stake in QIAGEN, but this looks like a routine holdings disclosure rather than a direct catalyst for GS shares. Goldman Sachs Discloses 3.14% Voting Stake in QIAGEN
• Neutral Sentiment: Goldman Sachs also issued several stock-rating updates on other companies, including upgrades and target hikes for names like Hilton Grand Vacations and Broadcom, which mainly underscore the strength of its research platform.
• Neutral Sentiment: Reports that Goldman’s CEO expects entry-level hiring to “contract a little” as AI changes staffing mix are more of a long-term operating note than an immediate stock driver.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $905.00 to $972.00 and gave the company a “market perform” rating in a research report on Monday, April 20th. Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Evercore dropped their price target on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Weiss Ratings lowered The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. Finally, Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $943.95.

The Goldman Sachs Group Trading Down 4.8%

GS opened at $1,040.16 on Friday. The firm has a market cap of $306.86 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.41 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $609.31 and a 12 month high of $1,098.36. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The stock has a 50-day moving average of $936.56 and a 200 day moving average of $900.85.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate 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 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 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 59.53 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 1st will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. The Goldman Sachs Group’s 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.