Banque Pictet & Cie SA Lowers Position in The Goldman Sachs Group, Inc. $GS

Banque Pictet & Cie SA decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,994 shares of the investment management company’s stock after selling 3,084 shares during the quarter. Banque Pictet & Cie SA’s holdings in The Goldman Sachs Group were worth $7,027,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dagco Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $29,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman completed its acquisition of Innovator Capital Management for $2 billion, immediately boosting GS Asset Management’s ETF capability and lifting its ETF AUM to about $90B — a clear earnings/fee accretive move that expands recurring revenue. Goldman Sachs Finalizes $2 Billion Purchase of ETF Firm Innovator
• Positive Sentiment: Goldman is participating in fee-rich mandates: acting as lead advisor on Golar LNG’s strategic review and joining the core underwriting group for a potential SpaceX IPO. At the same time it issued new multi-currency senior and subordinated notes — pairing balance-sheet funding with advisory and capital-markets revenue opportunities. These deal flows support near-term fee income and underwriting pipelines. Should Goldman’s Expanding LNG and Space Deals…
• Positive Sentiment: Barrick Gold tapped Goldman to lead an IPO for its North American mines — another underwriting/advisory win that could translate into meaningful fees if the deal proceeds. Barrick taps Goldman Sachs to lead IPO
• Neutral Sentiment: Goldman’s market commentary and analyst work (e.g., notes on market resilience, stock picks, and sector coverage/initiations) keeps the firm visible and supports trading & ECM workflows, but is unlikely by itself to move fundamentals quickly. Goldman Sachs Says Markets Stay Strong
• Neutral Sentiment: Goldman (like JPMorgan) is exploring entry into prediction markets — an early-stage strategic initiative that could open new product lines but is not an immediate revenue driver. JPMorgan & Goldman Sachs eye prediction markets
• Negative Sentiment: Goldman Paris received a security warning and staff were told to work from home after a thwarted attack — an operational/security concern that adds short-term disruption risk and potential expenses. Goldman and Citi tell Paris staff to work from home
• Negative Sentiment: Prime-brokerage data show hedge funds sold global stocks at the fastest pace in 13 years, a sign of market stress that could pressure GS’s trading and principal revenues if volatility and outflows persist. Hedge funds bail from global stocks
• Negative Sentiment: HSBC cut its price target on GS to $729 (down from $802), signaling some analyst caution; Morgan Stanley also trimmed its target (still equal-weight). Analyst downgrades/target cuts can weigh on sentiment even if fundamentals remain intact. HSBC adjusts price target on Goldman Sachs

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 2,846 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer directly owned 2,017 shares of the company’s stock, valued at $1,870,101.89. This trade represents a 58.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 1,092 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $936.89, for a total value of $1,023,083.88. The SEC filing for this sale provides additional information. Insiders sold a total of 117,283 shares of company stock valued at $112,016,033 in the last quarter. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas Exane upped their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Morgan Stanley dropped their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America upped their price objective on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Finally, Jefferies Financial Group raised their price objective on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Eight investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $929.52.

The Goldman Sachs Group Stock Up 0.4%

Shares of The Goldman Sachs Group stock opened at $863.92 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.66 and a current ratio of 0.66. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $984.70. The stock has a market capitalization of $254.85 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.13 and a beta of 1.32. The company’s 50 day moving average price is $876.02 and its 200-day moving average price is $850.07.

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

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 2nd were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 2.1%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend was Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 35.09%.

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.