The Goldman Sachs Group, Inc. $GS Stock Position Increased by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,308 shares of the investment management company’s stock after purchasing an additional 584 shares during the period. Florida Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlTi Global Inc. grew its holdings in The Goldman Sachs Group by 0.3% in the 1st quarter. AlTi Global Inc. now owns 27,500 shares of the investment management company’s stock worth $23,265,000 after buying an additional 87 shares in the last quarter. Earned Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 1.9% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,416 shares of the investment management company’s stock valued at $1,198,000 after acquiring an additional 26 shares in the last quarter. Commonwealth Financial Services LLC boosted its position in The Goldman Sachs Group by 29.5% during the 1st quarter. Commonwealth Financial Services LLC now owns 593 shares of the investment management company’s stock worth $502,000 after acquiring an additional 135 shares during the period. Meeder Advisory Services Inc. boosted its position in The Goldman Sachs Group by 2.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 9,514 shares of the investment management company’s stock worth $8,049,000 after acquiring an additional 202 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of The Goldman Sachs Group by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,840,675 shares of the investment management company’s stock worth $1,556,706,000 after purchasing an additional 9,770 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated 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 owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,566 shares of company stock valued at $30,712,978. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs’ research and market commentary are reinforcing a constructive view on the bank sector, with articles highlighting strong Q2 beats, double-digit earnings growth expectations, and attractive non-AI investment themes. This can help sentiment around GS as investors rotate toward financials and away from crowded tech trades. Zacks Market Edge Highlights: Goldman Sachs, Wells Fargo, JPMorgan Chase , Citigroup and Bank of America
• Positive Sentiment: Goldman Sachs is also getting attention for highlighting “non-AI” winners and for noting that hedge funds are trimming tech exposure at a record pace, which suggests a possible sector rotation into value and financials. That backdrop may be helping GS outperform broader market caution around tech. Buy These Five Non-AI Stocks, Says Goldman Sachs (GS)
• Positive Sentiment: Several reports point to Goldman Sachs’ strong positioning and successful calls around market themes, including recommendations tied to the cooling AI trade. That can boost confidence in GS as a research leader and a beneficiary of active trading and advisory activity. Scared of the AI trade? Here are three investment themes instead, says Goldman Sachs
• Neutral Sentiment: Goldman Sachs also reported on inflation broadening out, which is a macro observation rather than a direct company catalyst. It may influence rate expectations and bank-sector trading, but the impact on GS is indirect. Inflation is broadening out, says Goldman economist
• Neutral Sentiment: The firm announced a proposed public offering of depositary shares / preferred stock. While this strengthens funding flexibility, investors may also see it as a mild overhang because it can increase share count or signal balance-sheet management needs. Goldman Sachs Plans New Preferred Stock Offering
• Negative Sentiment: Goldman Sachs’ warning that hedge funds are selling U.S. tech stocks at a record pace underscores rising market volatility and a more cautious risk backdrop. Even if that rotation helps banks relatively, it can still make investors more defensive overall. Goldman Says Hedge Funds Sell US Tech Stocks at Record Pace

The Goldman Sachs Group Trading Down 1.0%

The Goldman Sachs Group stock opened at $1,054.16 on Tuesday. The firm has a market cap of $310.99 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $691.88 and a 1 year high of $1,153.99. The firm’s 50 day moving average price is $1,037.38 and its two-hundred day moving average price is $947.02. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.63 and a current ratio of 1.11.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.91 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 66.83 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Ratings Changes

A number of brokerages have recently commented on GS. Bank of America raised their price target on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Barclays raised their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,061.43.

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.