The Goldman Sachs Group, Inc. $GS Shares Sold by Arista Wealth Management LLC

Arista Wealth Management LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,811 shares of the investment management company’s stock after selling 550 shares during the period. Arista Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $3,350,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $25,000. Manning & Napier Advisors LLC lifted its stake in 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 purchasing an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Entrust Financial LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $34,000. Finally, Joseph Group Capital Management acquired a new position in The Goldman Sachs Group during the fourth quarter worth $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the 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 owned 31,070 shares in the company, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at $5,889,079.46. This trade represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Daiwa Securities Group upped their price objective 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. Bank of America cut their price objective on The Goldman Sachs Group from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a research report on Monday, April 13th. Jefferies Financial Group cut their price objective on 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, HSBC upped their price objective on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $943.95.

Trending Headlines about 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 Stock Performance

Shares of GS stock opened at $995.28 on Thursday. The stock’s 50-day moving average is $904.97 and its two-hundred day moving average is $889.62. The firm has a market cap of $293.62 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.28 and a beta of 1.28. The Goldman Sachs Group, Inc. has a 1 year low of $592.17 and a 1 year high of $1,016.53. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $14.12 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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 paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend 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.