Aire Advisors LLC Acquires New Shares in The Goldman Sachs Group, Inc. $GS

Aire Advisors LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 550 shares of the investment management company’s stock, valued at approximately $465,000.

A number of other hedge funds also recently modified their holdings of GS. Audent Global Asset Management LLC boosted its position in The Goldman Sachs Group by 10.1% during the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after purchasing an additional 479 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of The Goldman Sachs Group by 3.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 215,482 shares of the investment management company’s stock worth $189,409,000 after purchasing an additional 8,154 shares in the last quarter. Oak Grove Capital LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $1,890,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after buying an additional 3,653 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 35.0% in the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock valued at $10,499,000 after buying an additional 3,098 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 2.7%

Shares of NYSE:GS opened at $1,066.28 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $691.88 and a 12-month high of $1,153.99. The stock has a market cap of $314.56 billion, a PE ratio of 16.46, a P/E/G ratio of 1.24 and a beta of 1.30. The business has a 50 day moving average of $1,035.20 and a 200-day moving average of $945.44. The company has a quick ratio of 0.63, a current ratio of 1.11 and a debt-to-equity ratio of 2.83.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $10.91 earnings per share. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 64.34 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 27.78%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the sale, the insider directly owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the 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 sale, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,566 shares of company stock worth $30,712,978. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GS shares. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday. Morgan Stanley set a $1,145.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barclays upped 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 report on Wednesday. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,061.43.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results.
• Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play.
• Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels.
• Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program.
• Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue.
• Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook.

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.