Bank of New York Mellon Corp Decreases Position in The Goldman Sachs Group, Inc. $GS

Bank of New York Mellon Corp lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,043,297 shares of the investment management company’s stock after selling 336,603 shares during the period. Bank of New York Mellon Corp owned about 1.01% of The Goldman Sachs Group worth $2,423,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. Sivia Capital Partners LLC raised its position in The Goldman Sachs Group by 90.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the last quarter. Sound Income Strategies LLC raised its position in The Goldman Sachs Group by 175.8% in the 2nd quarter. Sound Income Strategies LLC now owns 182 shares of the investment management company’s stock worth $129,000 after buying an additional 116 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its stake in The Goldman Sachs Group by 23.4% during the 2nd quarter. Venture Visionary Partners LLC now owns 4,536 shares of the investment management company’s stock valued at $3,211,000 after acquiring an additional 861 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BNP Paribas Exane lifted their price target on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Citigroup raised their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $898.00.

The Goldman Sachs Group Trading Down 0.3%

Shares of GS stock opened at $929.34 on Wednesday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The company has a market cap of $278.74 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.14 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The firm has a fifty day moving average price of $888.46 and a 200-day moving average price of $805.03.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The Goldman Sachs Group’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $11.95 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 35.09%.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs promoted seven partners into its management/leadership group, signaling organizational depth and stronger management bench that can support growth across wealth, asset management and investment banking. Goldman Sachs Adds Seven Partners to Top Leadership Group
• Positive Sentiment: RBC Capital labeled GS a “preeminent global investment bank,” which supports valuation and analyst sentiment around GS’s franchise strength. RBC Capital—Preeminent Global Investment Bank
• Positive Sentiment: Coverage and corporate actions: Goldman Sachs BDC priced a $400M notes offering — shows activity in its credit/BDC unit and access to capital for deployments. Also covered in media: GS and peers have been part of recent dividend-raise conversations. GS BDC Prices $400M Notes Offering
• Neutral Sentiment: GS research is active and visible: the firm is publishing views on metals (why gold is rising; silver outlook) and macro risk appetite (saying investor appetite for risk is at a multi-year high). These items underline trading/research revenue exposure but are indirect drivers of the stock. Why Gold Prices Are Rising — Goldman Sachs View
• Neutral Sentiment: Goldman also published outlooks on silver volatility and reiterated thematic research (including a reaffirmation of preference for Nvidia within AI compute), which highlights the strength of its equity research but has mixed near-term P&L implications. Why Silver Prices Are Down — Goldman Sachs Predicts
• Negative Sentiment: Insider selling: multiple senior insiders disclosed sizable share sales (treasurer Carey Halio, CAO Sheara Fredman and Kathryn Ruemmler among others) last week, each reducing their positions substantially — a near-term negative for sentiment given scale and timing. Insider Sale SEC Filing (example)

Insider Activity

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $927.51, for a total transaction of $8,893,893.39. Following the sale, the insider owned 18,533 shares in the company, valued at approximately $17,189,542.83. This trade represents a 34.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 19,796 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $964.27, for a total transaction of $19,088,688.92. Following the completion of the transaction, the director owned 103,390 shares of the company’s stock, valued at approximately $99,695,875.30. The trade was a 16.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 84,395 shares of company stock valued at $80,824,289. 0.55% of the stock is owned by insiders.

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.