The Goldman Sachs Group, Inc. $GS Shares Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,273 shares of the investment management company’s stock after acquiring an additional 480 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in The Goldman Sachs Group were worth $1,919,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC boosted its holdings in shares of The Goldman Sachs Group by 36.7% in the 1st quarter. Wilkerson Advisory Group LLC now owns 82 shares of the investment management company’s stock valued at $69,000 after buying an additional 22 shares during the period. Glenview Trust Co grew its holdings in shares of The Goldman Sachs Group by 1.3% during the first quarter. Glenview Trust Co now owns 99,453 shares of the investment management company’s stock valued at $84,136,000 after purchasing an additional 1,290 shares during the last quarter. One Charles Private Wealth Services LLC grew its holdings in shares of The Goldman Sachs Group by 33.8% during the first quarter. One Charles Private Wealth Services LLC now owns 396 shares of the investment management company’s stock valued at $335,000 after purchasing an additional 100 shares during the last quarter. Rice Partnership LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $7,485,000. Finally, Convergence Investment Partners LLC raised its position in shares of The Goldman Sachs Group by 229.1% during the 1st quarter. Convergence Investment Partners LLC now owns 1,695 shares of the investment management company’s stock worth $1,434,000 after purchasing an additional 1,180 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,566 shares of company stock valued at $30,712,978. 0.55% of the stock is owned by company insiders.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs’ research and market commentary are reinforcing a constructive view on the bank sector, with articles highlighting strong Q2 beats, double-digit earnings growth expectations, and attractive non-AI investment themes. This can help sentiment around GS as investors rotate toward financials and away from crowded tech trades. Zacks Market Edge Highlights: Goldman Sachs, Wells Fargo, JPMorgan Chase , Citigroup and Bank of America
• Positive Sentiment: Goldman Sachs is also getting attention for highlighting “non-AI” winners and for noting that hedge funds are trimming tech exposure at a record pace, which suggests a possible sector rotation into value and financials. That backdrop may be helping GS outperform broader market caution around tech. Buy These Five Non-AI Stocks, Says Goldman Sachs (GS)
• Positive Sentiment: Several reports point to Goldman Sachs’ strong positioning and successful calls around market themes, including recommendations tied to the cooling AI trade. That can boost confidence in GS as a research leader and a beneficiary of active trading and advisory activity. Scared of the AI trade? Here are three investment themes instead, says Goldman Sachs
• Neutral Sentiment: Goldman Sachs also reported on inflation broadening out, which is a macro observation rather than a direct company catalyst. It may influence rate expectations and bank-sector trading, but the impact on GS is indirect. Inflation is broadening out, says Goldman economist
• Neutral Sentiment: The firm announced a proposed public offering of depositary shares / preferred stock. While this strengthens funding flexibility, investors may also see it as a mild overhang because it can increase share count or signal balance-sheet management needs. Goldman Sachs Plans New Preferred Stock Offering
• Negative Sentiment: Goldman Sachs’ warning that hedge funds are selling U.S. tech stocks at a record pace underscores rising market volatility and a more cautious risk backdrop. Even if that rotation helps banks relatively, it can still make investors more defensive overall. Goldman Says Hedge Funds Sell US Tech Stocks at Record Pace

The Goldman Sachs Group Stock Down 1.0%

Shares of GS stock opened at $1,054.16 on Tuesday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.63 and a current ratio of 1.11. The stock has a market cap of $310.99 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.30. The business’s fifty day moving average is $1,037.38 and its 200-day moving average is $947.02. The Goldman Sachs Group, Inc. has a 1 year low of $691.88 and a 1 year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.91 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 66.83 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on GS. Rothschild & Co Redburn boosted their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. CICC Research raised their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,061.43.

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.