DSG Capital Advisors LLC Has $18.28 Million Position in The Goldman Sachs Group, Inc. $GS

DSG Capital Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,957 shares of the investment management company’s stock after buying an additional 1,369 shares during the quarter. The Goldman Sachs Group accounts for 2.9% of DSG Capital Advisors LLC’s portfolio, making the stock its 11th biggest holding. DSG Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $18,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC lifted its position in The Goldman Sachs Group by 3.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 388 shares of the investment management company’s stock worth $309,000 after purchasing an additional 13 shares during the period. EWA LLC increased its holdings in The Goldman Sachs Group by 2.2% in the 3rd quarter. EWA LLC now owns 612 shares of the investment management company’s stock valued at $488,000 after buying an additional 13 shares during the period. Winthrop Advisory Group LLC raised its stake in shares of The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after buying an additional 14 shares in the last quarter. Avion Wealth lifted its holdings in shares of The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after acquiring an additional 14 shares during the period. Finally, KPP Advisory Services LLC boosted its position in shares of The Goldman Sachs Group by 2.1% during the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 1,757 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $920.62, for a total transaction of $1,617,529.34. Following the transaction, the treasurer owned 4,863 shares of the company’s stock, valued at $4,476,975.06. This represents a 26.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the completion of the sale, the chief accounting officer owned 10,301 shares of the company’s stock, valued at approximately $9,515,548.75. The trade was a 32.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 84,395 shares of company stock worth $80,824,289. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GS shares. Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Jefferies Financial Group upped their price target on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Daiwa Capital Markets lifted their price objective on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Finally, BMO Capital Markets boosted their target price on shares of The Goldman Sachs Group from $980.00 to $985.00 and gave the company a “market perform” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $898.00.

The Goldman Sachs Group Stock Down 0.3%

Shares of NYSE GS opened at $929.34 on Wednesday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The firm’s 50-day simple moving average is $888.46 and its 200 day simple moving average is $805.03. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The company has a market cap of $278.74 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the firm posted $11.95 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is 35.09%.

Key Stories Impacting The Goldman Sachs Group

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)

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.