The Goldman Sachs Group, Inc. $GS Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707,317 shares of the investment management company’s stock after selling 188,435 shares during the quarter. Ameriprise Financial Inc. owned 0.57% of The Goldman Sachs Group worth $1,363,268,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC increased its stake in The Goldman Sachs Group by 55.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 2,964 shares of the investment management company’s stock valued at $2,360,000 after purchasing an additional 1,060 shares in the last quarter. Lazard Asset Management LLC boosted its position in The Goldman Sachs Group by 5.5% during the third quarter. Lazard Asset Management LLC now owns 607,201 shares of the investment management company’s stock worth $479,169,000 after purchasing an additional 31,587 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in The Goldman Sachs Group in the third quarter valued at $1,035,000. AQR Capital Management LLC increased its position in shares of The Goldman Sachs Group by 41.8% in the third quarter. AQR Capital Management LLC now owns 358,261 shares of the investment management company’s stock valued at $285,301,000 after buying an additional 105,677 shares in the last quarter. Finally, Zacks Investment Management increased its position in shares of The Goldman Sachs Group by 3.2% in the third quarter. Zacks Investment Management now owns 40,570 shares of the investment management company’s stock valued at $32,309,000 after buying an additional 1,253 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GS shares. Argus boosted their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. HSBC raised their target price on shares of The Goldman Sachs Group from $742.00 to $802.00 in a report on Friday, February 6th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Autonomous Res lowered their price target on shares of The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $919.29.

Insider Buying and Selling at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 13,151 shares of The Goldman Sachs Group stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the sale, the executive vice president owned 39,007 shares of the company’s stock, valued at $37,408,883.21. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 272 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the transaction, the chief executive officer owned 125,527 shares of the company’s stock, valued at $117,859,810.84. The trade was a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $781.99 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The firm has a market cap of $232.06 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34. The company’s 50-day moving average is $910.83 and its two-hundred day moving average is $843.68. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.72%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.95 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 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 highlights that the current energy supply shock should spur investment in grid infrastructure and storage — a potential source of advisory, underwriting and asset-management fees for GS. Current energy supply shock will drive investment into grid infrastructure and storage solutions: GS
• Positive Sentiment: Several pieces note GS is deeply oversold technically and that analysts remain constructive (recent price-targets above current levels), which could support a relief rally if markets stabilize or capital-markets activity picks up. Bargain Alert: Wells Fargo and Goldman Sachs Look Deeply Oversold
• Neutral Sentiment: Governance update — board member Lakshmi Mittal announced retirement. Routine board turnover can be relevant for long-term governance but is unlikely to drive immediate price action. Goldman Sachs Announces Retirement of Board Member Mittal
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — a portfolio move that signals repositioning but is not a major earnings driver for GS itself. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy to Just Under 5%
• Negative Sentiment: Immediate sell pressure was linked to investor worries about the stability of the private credit market after a key bank announcement — contagion concerns in private markets tend to hit large universal banks and asset managers. Why Goldman Sachs (GS) Shares Are Sliding Today
• Negative Sentiment: Goldman’s elevated oil-price forecasts and widespread supply-shock commentary (Brent near $100+ forecasts and warning of much higher spikes) have helped push Treasury yields and a risk-off tone — that environment has weighed on financials and contributed to GS’s intraday weakness. Goldman Sachs forecasts oil at $100 a barrel for March
• Negative Sentiment: Macroeconomic outlook shifts — Goldman pushed back its Fed rate-cut timeline (now expecting cuts later in the year), which, together with oil-driven inflation risk, is keeping markets cautious and depressing risk assets including bank stocks. Goldman now sees first Fed rate cut in September, not June

About The Goldman Sachs Group

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.