CFO Capital Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 720 shares of the investment management company’s stock, valued at approximately $633,000.
A number of other large investors have also made changes to their positions in GS. Dagco Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Manning & Napier Advisors LLC raised its holdings 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 worth $27,000 after acquiring an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Finally, Cornerstone Financial Management LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
Insider Transactions at The Goldman Sachs Group
In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This represents a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,681 shares of company stock worth $31,737,875 over the last three months. Company insiders own 0.55% of the company’s stock.
The Goldman Sachs Group News Summary
- Negative Sentiment: Goldman Sachs lowered its 2026 year-end gold target by $500 to $4,900, reflecting reduced expectations for Fed rate cuts and increasing risk of rate hikes. Gold Price Target Slashed by Goldman on Fed Rate Hike Risk
- Negative Sentiment: Multiple follow-up reports echoed Goldman’s more cautious gold outlook, reinforcing the view that tighter monetary policy could keep pressure on bullion prices. The Fed’s new hawkish reality just forced Goldman Sachs to slash its gold forecast by $500
- Neutral Sentiment: Goldman also said its gold view remains structurally constructive over the long term, but tactically cautious in the near term as policy uncertainty persists. Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
- Neutral Sentiment: Separately, Goldman Sachs was mentioned in coverage on oil and shipping flows through Hormuz, but that commentary appears more macro-focused than directly material to GS shares. Hormuz Reopens, Yet Businesses Warn Oil Crisis Isn’t Over
Analysts Set New Price Targets
GS has been the topic of several recent research reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. BNP Paribas Exane decreased their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Jefferies Financial Group dropped their target price on shares of The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, BMO Capital Markets lifted their target price on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a research report on Monday, April 20th. Nine investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $941.82.
Get Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Up 0.3%
Shares of NYSE GS opened at $1,099.46 on Friday. The firm’s 50-day simple moving average is $979.32 and its 200 day simple moving average is $919.74. The company has a market cap of $324.35 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $630.01 and a 12-month high of $1,125.00. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $14.12 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.6%. The Goldman Sachs Group’s dividend payout ratio is presently 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.
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